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

Executive Order 12934 of October 25, 1994

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

By the authority vested in me as President by the
Constitution and the laws of the United States of
America, including the International Emergency Economic
Powers Act (50 U.S.C. 1701 et seq.), the National
Emergencies Act (50 U.S.C. 1601 et seq.), section 5 of
the United Nations Participation Act of 1945, as
amended (22 U.S.C. 287c), and section 301 of title 3,
United States Code, in view of United Nations Security
Council Resolution 942 of September 23, 1994, and in
order to take additional steps with respect to the
crisis in the former Yugoslavia, I hereby expand the
scope of the national emergency declared in Executive
Order No. 12808 to address the unusual and
extraordinary threat to the national security, foreign
policy, and economy of the United States posed by the
actions and policies of the Bosnian Serb forces and the
authorities in the territory that they control,
including their refusal to accept the proposed
territorial settlement of the conflict in the Republic
of Bosnia and Herzegovina.

I, WILLIAM J. CLINTON, President of the United States
of America, hereby order:

Section 1. Notwithstanding the existence of any rights
or obligations conferred or imposed by any
international agreement or any contract entered into or
any license or permit granted before the effective date
of this order, except to the extent provided in
regulations, orders, directives, or licenses, which may
hereafter be issued pursuant to this order, all
property and interests in property of: (a) the Bosnian
Serb military and paramilitary forces and the
authorities in those areas of the Republic of Bosnia
and Herzegovina under the control of those forces;

    (b) any entity, including any commercial,
industrial, or public utility undertaking, organized or
located in those areas of the Republic of Bosnia and
Herzegovina under the control of Bosnian Serb forces;
    (c) any entity, wherever organized or located,
which is owned or controlled directly or indirectly by
any person in, or resident in, those areas of the
Republic of Bosnia and Herzegovina under the control of
Bosnian Serb forces;
    (d) any person acting for or on behalf of any
person included within the scope of paragraph (a), (b),
or (c) of this section; that are in the United States,
that hereafter come within the United States, or that
are or hereafter come within the possession or control
of United States persons, including their overseas
branches, are blocked.

Sec. 2. Notwithstanding the existence of any rights or
obligations conferred or imposed by any international
agreement or any contract entered into or any license
or permit granted before the effective date of this
order, except to the extent provided in regulations,
orders, directives, or licenses, which may hereafter be
issued pursuant to this order: (a) the provision or
exportation of services to those areas of the Republic
of Bosnia and Herzegovina under the control of Bosnian
Serb forces, or to any person for the purpose of any
business carried on in those areas, either from the
United States or by a United States person, is
prohibited; and

    (b) no vessel registered in the United States or
owned or controlled by a United States person, other
than a United States naval vessel, may enter the
riverine ports of those areas of the Republic of Bosnia
and Herzegovina under the control of Bosnian Serb
forces.

Sec. 3. Any transaction by any United States person
that evades or avoids, or has the purpose of evading or
avoiding, or attempts to violate, any of the
prohibitions set forth in this order is prohibited.

Sec. 4. The Secretary of the Treasury, in consultation
with the Secretary of State, is hereby authorized to
take such actions, including the promulgation of rules
and regulations, and to employ all powers granted to me
by the International Emergency Economic Powers Act and
the United Nations Participation Act of 1945, as
amended, as may be necessary to carry out the purposes
of this order. The Secretary of the Treasury may
redelegate the authority set forth in this order to
other officers and agencies of the United States
Government, all agencies of which are hereby directed
to take all appropriate measures within their authority
to carry out the provisions of this order, including
suspension or termination of licenses or other
authorizations in effect as of the date of this order.

Sec. 5. Nothing in this order shall apply to activities
related to the United Nations Protection Force, the
International Conference on the Former Yugoslavia, or
the European Community Monitoring Missions.

Sec. 6. For the purposes of this order:

    (a) The term “person” means an individual or
entity;
    (b) The term “entity” means a corporation,
partnership, association, or other organization;
    (c) The term “United States person” is as defined
in section 5 of Executive Order No. 12810.

Sec. 7. Nothing contained in this order shall create
any right or benefit, substantive or procedural,
enforceable by any party against the United States, its
agencies or instrumentalities, its officers or
employees, or any other person.

Sec. 8 (a) This order shall take effect at 11:59 p.m.
eastern daylight time on October 25, 1994.

    (b) This order shall be transmitted to the Congress
and published in the Federal Register.

    (Presidential Sig.)>

THE WHITE HOUSE,

    October 25, 1994.