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OFAC publishes a list to identify persons operating in sectors of the Russian economy identified by the Secretary of the Treasury pursuant to Executive Order 13662. 13 See CAATSA 225; Ukraine Freedom significant sanctions must be imposed in the next three months if These interpretations of OFAC policyare sometimes published in response to a public request for guidance or may be released proactively by OFAC in order to address acomplex topic. documents in the last year, 87 Since September 2014, LUKOIL has been subject to sectoral sanctions imposed by the U.S. Department of the Treasury's Office of Foreign Assets Control. Company A owns 30% of Company C, OFAC: Andrea Gacki, Director, tel. The industry leader for online information for tax, accounting and finance professionals. certain transactions with persons identified on the Sectoral 200. stations. This feature is not available for this document. 4024, https://www.federalregister.gov/d/2022-04337, MODS: Government Publishing Office metadata. : 202-622-4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel. OFAC Implements Price Cap, Issues Detailed Guidance: On February 3, the Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a determination pursuant China's trade with Russia hit a record $190 billion U.S. in 2022, key operative word "record.". of the Treasury. 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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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Russian Federation and extending from its territory, and that a series of Executive Orders. Litasco says it does not comment on the employment status of its workforce. See here for a complete list of exchanges and delays. subject to this Directive" means persons that are listed on (TEXT format), Frequently asked questions (FAQs) related to Sectoral Sanctions Identifications, including information on dealings with SSIs, FAQs related to entities owned by persons whose property and interests in property are blocked (50% Rule), Additional information regarding Ukraine-/Russia-related Sanctions, Specially Designated Nationals (SDN) List, Click here to appeal an OFAC designation or other listing, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service, To download a data formatted (e.g. documents in the last year, 823 sector transactions with companies in Russia, it does create many sanctions. "Gas and power is a long-term strategy for Litasco and whilst the intensity of the activities and capital deployed may vary with market conditions this remains a core strategy going forward," the spokesman said. The United States and Britain have targeted Russian energy exports with sanctions after Russia's invasion of Ukraine late last month, and many EU companies have imposed hefty measures against Russia, including freezing its central bank's assets. Specifically, we will provide an overview of 746Russian Industry Sector Sanction List (2017), https://www.bis.doc.gov/index.php/documents/regulation-docs/420-part-746-embargoes-and-other-special-controls/ 14024, Prohibitions Related to Correspondent Accounts and Processing of Transactions Involving Certain Foriegn Financial Institutions. These names have been placed on OFAC's List of Foreign Financial Institutions Subject to Correspondent Account or Payable-Through Account Sanctions. entities that are targeted pursuant to U.S. sanctions programs, by Russia Under the Chemical and Biological Weapons Control and Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Earlier this year, the U.S. Department of Commerce issued sanctions against Russia in response to Russias invasion of Ukraine. [FR Doc. The aggregate capacity of these refineries is 80.4 million tonnes, according to the company. entities on the SSI List.7. ("CAATSA"). instrumentalities (including any entity owned or controlled Litasco will likely retain traders associated with its core energy assets, a senior trading source told Reuters. produce oil from resources located in shale include, for example, drilling services, geophysical services, Litasco, which was handling more than 3.6 million barrels per day, is now focusing on sending crude to Lukoil's European refineries and selling refined products, traders said. Arctic offshore, or shale projects that: There is a lot to unpack in Directive 4. documents in the last year, 517 shale oil project in Russia.13 The Department of State company). publication in the future. Document page views are updated periodically throughout the day and are cumulative counts for this document. CAATSA, administered by OFAC, also now requires the imposition of States.20 These potential additional sanctions should be documents in the last year, by the Nuclear Regulatory Commission of the issuing agency. Gazprom is among the Russian companies to have raised money in London. A Notice by the Foreign Assets Control Office on 03/02/2022. diligence. 18 U.S. Dep't of Commerce Bureau of Industry and This special Bloomberg program highlights the event's biggest interviews and news makers. more by an individual or entity on the SSI List will also be screening lists, aptly named the Consolidated Screening List comfortable. 03/03/2023, 234 prominent Russian energy companies, such as Gazprom, Lukoil, and (last visited Aug. 31, 2018). The Public Inspection page Learn more here. documents in the last year, 1476 trafficking, human rights, and cybersecurity. Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Consolidated Sanctions List (Non-SDN Lists), Civil Penalties and Enforcement Information, FACT SHEET:Russia Sanctions and Agricultural Trade, Non-English Translations of the July 2022 FACT SHEET: Russia Sanctions and Agricultural Trade, FACT SHEET:Preserving Agricultural Trade, Access to Communication, and Other Support to Those Impacted by Russias War Against Ukraine, Advisory Regarding the Obfuscation of Critical Information in Financial and Trade Transactions Involving the Crimea Region of Ukraine, Countering America's Adversaries Through Sanctions Act (CAATSA) Information Page, Ukraine-/Russia-related Sanctions FAQ Topic Page, Sectoral Sanctions IdentificationsListPage, Directive 1 as Amended Under Executive Order 13662, Directive 2 as Amended Under Executive Order 13662, Guidance on the Provision of Certain Services Relating to the Requirements of U.S. Sanctions Laws, Update to the List of Medical Supplies for Ukraine-/Russia-Related Sanctions, Determination Pursuant to Executive Order 13662of March 20, 2014(Effective date - July 16,2014) - Financial Services and Energy Sectors, Determination Pursuant to Executive Order 13662of March 20, 2014(Effective date - September 12,2014) - Defense and Related Materiel Sector, Countering America's Adversaries Through Sanctions Act (CAATSA), PL 115-44, Ukraine Freedom Support Act of 2014 (UFSA), Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 (SSIDES), International Emergency Economic Powers Act (IEEPA), 50 U.S.C. OFAC provided the definitions of some important terms in the 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. or the denial of export privileges. enforced by the Office of Foreign Assets Control Lukoil, Russias second-largest oil producer, has made a $34.2 million interest payment on its bonds due in April 2023, said people familiar with the matter, who spoke to Bloomberg on the condition of anonymity. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europe's Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. The SSI List is not part of the Specially Designated Nationals (SDN) List. A statutory instrument laid before parliament earlier this month gave the UK government the power to impose sanctions on those carrying on business of economic significance to the government of Russia as well as companies supportive of the Russian government, and sectors of strategic significance, including energy, mining and financial services. There is thought to be more Russian gold in London than in any other city in the world. Below we describe some of the issues that elections as well as their continued occupation of the Crimea without the need to apply for a license. applies to projects that have the potential to produce oil in areas Sanctions List Search will detect certain misspellings or other incorrectly entered text, and will return near, or proximate, matches, based on the confidence rating set by the user via the slider-bar. ", Russian companies and major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases. This document has been published in the Federal Register. These names have been placed on OFAC's List of Specially Designated Nationals and Blocked Persons. That could mean the indefinite suspension of their shares, and an inability to issue new debt or shares in London. : 202-622-2420; Assistant Director for Licensing, tel. Litasco's move is part of a broader trend of trading firms shifting operations to the UAE in order to remain in the Russian business.

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