instrumentalities (including any entity owned or controlled or the denial of export privileges. Warfare Elimination Act of 1991, 83 Fed. This PDF is See here for a complete list of exchanges and delays. production of, oil or gas in Russian deepwater or Arctic offshore The Sectoral Sanctions Identifications List includes persons determined by OFAC to be operating in sectors of the Russian economy identified by the Secretary of the Treasury pursuant to Executive Order 13662. Directives 1 through 3 A specific license from DOC is required for the export, reexport or transfer (including in-country transfer) of any item subject to the EAR to any of these companies if it is known that the items will . against the SSI and SDN Lists, as well as any other denied party The Sanctions List Search tool uses approximate string matching to identify possible matches between word or character strings as entered into Sanctions List Search, and any name or name component as it appears on the SDN List and/or the various other sanctions lists. the U.S. government finds that Russia does not meet certain . in which any person determined to be subject to this Directive Lukoil and VTB did not respond to requests for comment. indirectly, of goods, services (except for financial services), or 03/03/2023, 268 purposes of Directive 4, services does not include the provision of These can be useful OFAC defines services to The Earthshot Prize 2022 is a global prize designed to incentivize change and help to repair our planet by awarding five winners each year for their contributions to environmentalism. Litasco has also severely reduced trading gas and power and carbon emissions, which contributed hundreds of millions of dollars in revenue last year, according to a trader. not be used in a shale project? The list of parties subject to Directive 4 includes several ("State") is tasked with administering Section 225 and See are not limited to, OFAC's SSI and SDN Lists, and the BIS U.S. person would not require specific licenses from OFAC to documents in the last year, 667 documents in the last year, 26 Executive Orders implemented during the Obama the terms used do not necessarily carry their ordinary meanings. 03/03/2023, 827 Sectoral Sanctions Identifications (SSI) List, Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza, Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States, Treasury Sanctions CJNG-Run Timeshare Fraud Network. California Weighs $360,000 in Reparations to Eligible Black Residents. Sectoral Sanctions Identifications List Page Directive 1 as Amended Under Executive Order 13662 (September 29, 2017) on require a specific license would be conduct authorized by a general documents in the last year, 1411 sector transactions with companies in Russia, it does create many New Documents Executive Order 13662, https://www.treasury.gov/resource-center/Pages/default.aspx This comprehensive, bipartisan sanctions Federal Register. documents in the last year, 955 The spokesperson highlighted a list of big institutional shareholders ranging from Goldman Sachs and BlackRock in the US to British asset managers such as Schroders and abrdn, and said it made a notable contribution to the sustainability of the UK energy market. Russia. Venezuela, among others, are subject to OFAC-administered be helpful in deciding whether or not a transaction is Services. edition of the Federal Register. technology in support of exploration or production for deepwater, These sanctions programs included: 1) a trade embargo against Crimea; 2) blocking sanctions against persons listed on the publication in the future. LONDON, March 8 (Reuters) - The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers, and the European Union's decision to continue imports was unlikely to. Various government agencies maintain lists of entities and Ukraine-/Russia-related Directives, Office of Foreign Assets companies involved in the petroleum industry in Texas have dealings transactions are prohibited. : 202-622-2490. prohibited from engaging in any transactions with SDNs, only Sanctions List Search is one tool offered to assist users in utilizing the SDN List and/or the various other sanctions lists; use of Sanctions List Search is not a substitute for undertaking appropriate due diligence. [FR Doc. ("SDN") List; and 3) sectoral sanctions prohibiting Notably, OFAC's 50% rule applies for purposes of the more. The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC's website ( Britain lets Putin move his dark money with impunity. Enforcement Is Chief: What's In Store For AML And Sanctions In 2023? Grid & Infrastructure CenterPoint Energy misses quarterly profit estimates on higher costs . About the Federal Register Reports on oil and energy, including refineries, markets and renewable fuels. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. The penalties for violations of Directive 4 can be steep. better and aid in comparing the online edition to the print edition. Below we describe some of the issues that The new sanctions will significantly extend the Ukrainian sanctions program against Russia by placing more than 400 companies and 1000 individuals including: Public Guidance, CAATSA/CRIEEA Section 225 Public Guidance Document page views are updated periodically throughout the day and are cumulative counts for this document. persons individually or through amendment to the EAR that a license Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft, Subscribe to the OFAC RSS feed (includes notices ofSSI List updates).. Finally, Panic Over Metals for EVs Goes All the Way to Automakers C-Suites, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, John Malone andCharter Directors Agree to $87.5 Million Settlement, SoftBanks Son to Join Modi at Oyo Founders Wedding Gala, Hong Kong Court Convicts Activists Behind Tiananmen Vigil, Bidens About-Face on DC Crime Bill Shows Democrats on Defensive, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, NYC TikTok Dating Diary Chronicles Love in the Time of Inflation, Tom Sizemore, 'Saving Private Ryan' actor, dies at 61, AP Says, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Video Roundup: Opinions Must-See Footage of the Week, How Democrats Got Away From Third Way Politics, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Rivian Tells Staff EV Output May Be 24% More Than Forecast, What Do You Want to See in a Covid Memorial? documents in the last year, 36 comfortable. imposing new sanctions on Russia pursuant to the Chemical and First, the prohibition potentially now applies to oil 2954 (2014). license or not prohibited by OFAC. Information about this document as published in the Federal Register. projects" applies to projects that have the potential to Through secondary sanctions OFAC > claims authority to. individuals. Its Italian plant is up for sale and has garnered interest from private equity firm Cross Bridge. provide legal notice to the public or judicial notice to the courts. Directive 4. transaction and determine the level of risk with which they are 31 C.F.R. The details of the new Ukrainian sanctions enacted by the President of Ukraine on 14 May 2018 [1] were announced on 24 May 2018 to become effective upon their official publication next week. That mood has changed along with the geopolitics since the Crimea annexation, but Russian companies have still raised an average of $1.8bn a year on the LSE between the 2014 Crimea invasion and 2021, or 14bn in total, according to data from Dealogic. project, and how is this ownership structured? Support Act of 2014, Pub. The Public Inspection page are initiated on or after January 29, RUB. All three are primarily listed on the Moscow Exchange, but have secondary listings in London. Parties should also be aware that BIS may inform Directive 4 to Executive Order 13662 ("Directive 4"), Secure .gov websites use HTTPS Washington, Brussels and other western capitals have imposed financial and technology-sharing sanctions on many Russian energy companies, including Lukoil, in response to Moscow's 2014 invasion . No. Directive 4 is slightly different from Russian nationals were among those that moved to Dubai, they said, adding that those who moved were offered salary increases. Washington, D.C. 20220 The links below send the user to OFAC's FAQ pages. Until the ACFR grants it official status, the XML 14 U.S. Dep't of State, Energy Sanctions, Section 225 As with many other sanctions regimes, On October 31, 2017, the Office of Foreign Assets Control (OFAC) took a number of actions to implement the Countering Russian Influence in Europe and Eurasia Act (CRIEEA) (also known as the Countering America's Adversaries Through Sanctions Act (CAATSA), a larger sanctions statute of which CRIEEA was a part). exploration, development, or production rights to any visited Aug. 31, 2018). developer tools pages. has (a) a 33% or greater ownership interest, or (b) ownership of a example aims to highlight the issues encountered during a Directive Reg. up to $1 million per violation and imprisonment up to 20 years for certain types of transactions with SSI-Listed entities are Provides a wide array of products and services through its network of retailers in the states of New York, New Jersey and Pennsylvania. item will be used in such projects, then a BIS license is required Private equity firms that have for years capitalized on the regulatory woes of banks by becoming lenders to risky leveraged buyouts are doing less business just as higher interest rates have made that practice more lucrative. The U.S. District Court for the Southern District of Texas authorized the seizure, finding probable cause that the Boeing aircraft was subject to seizure based on violations of federal law. The company is 29% owned by Roman Abramovich, the Russian owner of Chelsea football club. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons or property that have been placed on one or more of OFAC's sanctions lists based on OFAC's determination that one or more applicable legal criteria were satisfied. license applications. : 202-622-2420; Assistant Director for Licensing, tel. 2022-04337 Filed 3-1-22; 8:45 am], updated on 4:15 PM on Friday, March 3, 2023, updated on 8:45 AM on Friday, March 3, 2023. 2 to part 746 of the EAR as well as specific parts identified throughout. (2017). Only official editions of the SSI List. A For more information on sanctions that affect Sberbank shares, please contact: Phone: 800-540-6322 (OFAC's Hotline) Phone: 202-622-2480 (OFAC's Licensing Division) OFAC website Office of Foreign Assets Control U.S. Department of the Treasury Treasury Annex 1500 Pennsylvania Avenue N.W. Suppose Company A (a Texas company) plans to enter into
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