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Presidential Notice

Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro)

President Clinton continued the national emergency declared by President Bush on May 30, 1992, regarding the Federal Republic of Yugoslavia (Serbia and Montenegro), extending economic sanctions including blocked assets and trade prohibitions due to continued Serbian and Montenegrin support for territorial seizures in Croatia and Bosnia-Herzegovina.

Federal Register 59 FR 27429
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Impact dates

  1. Prior emergency expiration date; continued beyond this date

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Banking & financeShipping & logisticsOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — Continued prohibition on trade with Federal Republic of Yugoslavia blocks market access
  • AdverseTrading-partner exporter — Serbian/Montenegrin entities remain blocked from U.S. markets and financial system

Geographies

USOTHER

Exposure dates

  • — Prior emergency expiration date; continued beyond this date

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

AAPLAppleDACDanaosHSBCHSBCZTOZTO Express

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared May 30, 1992
  • Maintain property blocking under EO 12808
  • Maintain trade and transaction prohibitions under EOs 12810, 12831, and 12846
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • Continuation of asset blocking and trade prohibitions takes effect upon publication

Near term (90d)

  • Sanctions remain in force through anniversary period

Long term

  • Emergency subject to annual renewal under National Emergencies Act; sanctions persist until policy change or congressional termination

Risks & tensions

  • Sanctions continuation deepens economic isolation of Serbia/Montenegro amid ongoing Balkan war
  • Potential tension with European allies over sanctions coordination
  • No explicit assessment of sanctions effectiveness provided
Presidential Notice: Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) · Executive Orders