Executive Order 8484, issued on July 10, 1940, by U.S. President

Franklin D. Roosevelt Franklin Delano Roosevelt (; ; January 30, 1882April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As the ...

, was one of a series of amendments to

Executive Order 8389 Executive Order 8389 Protecting Funds of Victims of Aggression was issued by U.S. President Franklin D. Roosevelt on April 10, 1940, following the invasions of Denmark and Norway by Nazi Germany. Implementation One of the primary concerns of th ...

. Order 8389, issued on April 10, 1940, had frozen Norwegian and Danish financial assets held in the U.S., following their occupation by

Nazi Germany Nazi Germany (lit. "National Socialist State"), ' (lit. "Nazi State") for short; also ' (lit. "National Socialist Germany") (officially known as the German Reich from 1933 until 1943, and the Greater German Reich from 1943 to 1945) was ...

during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. Order 8484 extended the same protection to the assets of

Estonia Estonia, formally the Republic of Estonia, is a country by the Baltic Sea in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the sea across from Sweden, to the south by Latvia, a ...

Latvia Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of ...

, and

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

after their occupation and annexation by the

Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen national ...

Text of Order

Response

The Soviet government condemned the freezing of the

Baltic states The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

' assets, asserting that there was no legal basis for suspending the transfer.

Sumner Welles Benjamin Sumner Welles (October 14, 1892September 24, 1961) was an American government official and diplomat in the Foreign Service. He was a major foreign policy adviser to President Franklin D. Roosevelt and served as Under Secretary of State ...

, acting Secretary of State, addressed the objection in a statement: In conjunction with the

Welles declaration The Welles Declaration was a diplomatic statement issued on July 23, 1940, by Sumner Welles, the acting US Secretary of State, condemning the June 1940 occupation by the Soviet army of the three Baltic countries – Estonia, Latvia, and Lithuan ...

, Executive Order 8484 and its enforcement by the Treasury Department offered both immediate and long-term benefits to the Baltic states.

References

{{Franklin D. Roosevelt 8484 Soviet Union–United States relations 1940 in American law 1940 in international relations