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EO 12934Executive OrderClinton · D

Executive Order 12934

Blocking Property and Additional Measures With Respect to the Bosnian Serb-Controlled Areas of the Republic of Bosnia and Herzegovina

This executive order expands a national emergency to impose economic sanctions on Bosnian Serb-controlled areas of Bosnia and Herzegovina, blocking their property in the U.S. and prohibiting the export of services and vessel access to their riverine ports. It implements UN Security Council Resolution 942 in response to Bosnian Serb rejection of a territorial settlement.

Federal Register 59 FR 54117
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Impact dates

  1. Order takes effect at 11:59 p.m. EDT

Key directives

  • Block all property and interests in property of Bosnian Serb forces, controlled-area authorities, and related entities/persons (Section 1)
  • Prohibit provision or exportation of services to Bosnian Serb-controlled areas (Section 2(a))
  • Prohibit U.S.-registered or U.S. person-owned/controlled vessels from entering riverine ports of Bosnian Serb-controlled areas, except U.S. naval vessels (Section 2(b))
  • Prohibit evasion or attempted violation of order (Section 3)
  • Authorize Treasury Secretary to issue implementing regulations with State Department consultation (Section 4)
  • Exempt UN Protection Force, ICFY, and ECMM activities (Section 5)
  • Transmit order to Congress and publish in Federal Register (Section 8(b))

Who is ordered

Timeline

Immediate

  • Property blocking takes effect at 11:59 p.m. EDT October 25, 1994
  • Export of services prohibited effective immediately
  • Vessel access ban to riverine ports effective immediately

Near term (90d)

  • Treasury Secretary to promulgate rules and regulations as needed
  • Agencies to take appropriate measures to implement order

Long term

  • Sanctions remain until national emergency lifted or superseded

Risks & tensions

  • Vague scope of 'indirectly owned or controlled' may create compliance uncertainty for U.S. businesses with complex supply chains
  • Humanitarian impact on civilians in Bosnian Serb-controlled areas not addressed; tension between sanctions pressure and civilian harm
  • Riverine port vessel ban is geographically specific but enforcement mechanism unspecified
  • Reliance on Treasury Secretary discretion for regulatory implementation leaves timing and scope uncertain
Executive Order 12934: Blocking Property and Additional Measures With Respect to the Bosnian Serb-Controlled Areas of the Republic of Bosnia and Herzegovina · Executive Orders