ExecutiveOrdersEO
NoticeNoticeClinton · D

Presidential Notice

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

President Clinton continued a national emergency originally declared by President Bush on May 30, 1992, extending sanctions against the Federal Republic of Yugoslavia (Serbia and Montenegro) and Bosnian Serb-controlled areas of Bosnia and Herzegovina beyond May 30, 1995. The continuation maintains blocking of property and trade restrictions imposed under Executive Orders 12808, 12810, 12831, and 12846, as expanded in October 1994.

Federal Register Open PDF 60 FR 25599

Impact dates

  1. Next required continuation review under 50 U.S.C. 1622(d) (annual cycle)

  2. Original emergency expiration date; continuation extends beyond this date

Market exposure

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

Sectors

Oil & gasSteel & aluminumOther industrialShipping & logisticsBanking & finance

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — U.S. persons prohibited from trade-related transactions with Bosnian Serb-controlled areas and FRY entities
  • AdverseTrading-partner exporter — Entities in Serbia, Montenegro, and Bosnian Serb-controlled areas blocked from U.S. trade access
  • MixedDomestic producer — Some U.S. competitors removed from market but direct economic exposure limited given small trade volumes

Geographies

USCHOTHER

Exposure dates

  • — Original emergency expiration date; continuation extends beyond this date

Illustrative public companies

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

MMM3MAAAlcoaAAPLAppleBACBank of AmericaBLKBlackRockCATCaterpillarCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsDACDanaosXOMExxon MobilFCXFreeport-McMoRanGEVGE VernovaGSGoldman SachsHONHoneywellHSBCHSBCJPMJPMorgan ChaseMATXMatsonNUENucorSHELShellSPYSPDR S&P 500 ETFTSLATesla

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared May 30, 1992 beyond May 30, 1995
  • Maintain property blocking under EO 12808 and EO 12846
  • Maintain trade prohibitions under EO 12810 and EO 12831
  • Maintain expanded blocking of Bosnian Serb property from October 25, 1994

Timeline

Immediate

  • Continuation of national emergency takes effect upon notice (May 10, 1995)
  • Property blocking and trade prohibitions remain in force

Near term (90d)

  • Annual review cycle under National Emergencies Act section 202(d) continues

Long term

  • Emergency subject to further continuation or termination by future presidential action or congressional review

Risks & tensions

  • Tension between sanctions pressure and diplomatic efforts to resolve Bosnian conflict
  • Vague on whether continuation signals failed diplomacy or sustained leverage
  • Sanctions evasion through third-party channels remains risk
Presidential Notice: Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) and the Bosnian Serbs · Executive Orders