Wed, March 19, 2014

TO: MEMBERS - U.S.-UKRAINE BUSINESS COUNCIL (USUBC)

RE: UPDATE ON THE SITUATION IN UKRAINE (see attachment)
Briefing by Clifford Chance law firm, Kyiv, London, Moscow, Washington, D.C.
Clifford Chance is a member of the U.S.-Ukraine Business Council (USUBC), www.USUBC.org

CONTENTS:

• SANCTIONS
• EU Sanctions
  • Against certain Ukrainian officials
  • Against certain Russian and other officials
  • US Sanctions
  • Implications of US Sanctions
• POTENTIAL UKRAINIAN MEASURES
• LEGAL ISSUES IN RESPECT OF CRIMEA
  • General Issues
  • Title to Real Estate
  • Security Interests
  • Tax
  • Green Tariffs
  • Regulated Entities
• CURRENCY CONTROLS
• MAE CLAUSES IN LOAN AGREEMENTS
• DERIVATIVES ARRANGEMENTS
• SOVEREIGN DEBT

NOTE: SEE ATTACHMENT [PDF] FOR ENTIRE REPORT BY CLIFFORD CHANCE LLP, www.cliffordchance.com.