Executive Order 14115 - Executive Order on Imposing Certain Sanctions on Persons Undermining Peace, Security, and Stability in the West Bank

Date issued: Feb. 01 2024

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TURBOFAC Commentary (710 words)

Notes:

1) BACKGROUND

See https://www.state.gov/further-measures-to-promote-peace-security-and-stability-in-the-west-bank/ and https://www.state.gov/announcement-of-further-measures-to-promote-peace-security-and-stability-in-the-west-bank/, which announce the issuance of the EO. This is the first OFAC-administered sanctions program that specifically targets activities occurring in Israel and the Palestinian territories.

2) THE BLOCKING PORTION OF THE EO

a) In General

Sec. 1 of the EO is a standard blocking order. As of 2-1-24, this is one of a handful of list-based executive orders containing blocking prohibitions that are yet to be incorporated into implementing regulations.

i) Sec. 1 Blocking Prohibitions

As noted above, the EO is not incorporated in any sanctions regulations. For discussion on the way in which the blocking aspect of this EO should be interpreted in the absence of regulations incorporating the EO, see General Note on "Abbreviated Regulations"...