You are subscribed to Arms Control and International Security for U.S. Department of State. This information has recently been updated, and is now available. 12/18/2024 01:01 PM EST Office of the Spokesperson Re-Imposing Sanctions on Certain Entities Involved in Nord Stream 2Today, the Department is imposing sanctions on a number of entities previously sanctioned pursuant to the Protecting Europe's Energy Security Act (PEESA), as amended, for involvement in the construction of the Nord Stream 2 pipeline, as well as several new owners of vessels previously blocked pursuant to PEESA. All targets are being sanctioned pursuant to Executive Order (E.O.) 14024, which authorizes sanctions with respect to specified harmful foreign activities of the Government of the Russian Federation. ENTITIES AND AN INDIVIDUAL INVOLVED IN NORD STREAM 2 CONSTRUCTION Pursuant to section 1(a)(i) of E.O. 14024, the following entities are being designated for operating or having operated in the marine sector of the Russian Federation economy:
AKADEMIK CHERSKIY is a vessel being identified as property in which SAMARA has an interest. AKADEMIK CHERSKIY is managed by SAMARA and was previously identified as property of Samara pursuant to PEESA. IVAN SIDORENKO and OSTAP SHEREMETA are vessels being identified as property in which NOBILITY has an interest. They are both vessels owned by NOBILITY and were previously identified as property of NOBILITY pursuant to PEESA. ANTEY and HERMES are vessels being identified as property in which ARDAL has an interest. ANTEY and HERMES are both vessels owned by ARDAL and were previously identified as property under PEESA. LAMANTIN is a vessel being identified as property in which FARVATER has an interest. LAMANTIN is owned by FARVATER and was previously identified as property pursuant to PEESA. FIONA is a vessel being identified as property in which KVT RUS has an interest. FIONA is owned by KVT RUS and was previously identified as property pursuant to PEESA and CAATSA. The following ten vessels are being identified as property in which MARINE RESCUE SERVICE has an interest:
Pursuant to section 1(a)(i) of E.O. 14024, the following entity and individual are being designated for operating or having operated in the technology sector of the Russian Federation economy:
Pursuant to section 1(a)(vii) of E.O. 14024, the following entity is being designated for being owned or controlled by, or having acted or purported to act for on behalf of, directly or indirectly, the Government of the Russian Federation:
Pursuant to section 1(a)(i) of E.O. 14024, the following entity is being designated for operating or having operated in the financial services sector of the Russian Federation economy:
SANCTIONS IMPLICATIONS As a result of today's sanctions-related actions, and in accordance with E.O. 14024, as amended, all property and interests in property of the sanctioned persons described above that are in the United States or in possession or control of U.S. persons are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC). Additionally, all individuals or entities that have ownership, either directly or indirectly, 50 percent or more by one or more blocked persons are also blocked. All transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or specific license issued by OFAC or exempt. These prohibitions include any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person. The power and integrity of U.S. government sanctions derive not only from the U.S. government's ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. Petitions for removal from the SDN List may be sent to: OFAC.Reconsideration@treasury.gov. Petitioners may also refer to the Department of State's Delisting Guidance page. |
Wednesday, December 18, 2024
Re-Imposing Sanctions on Certain Entities Involved in Nord Stream 2
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