Notice of OFAC Implementation of Certain Sanctions Imposed on Two Persons by the Secretary of State Pursuant to the Countering America's Adversaries Through Sanctions Act

Notice published October 15, 2018 · 83 FR 52051

Document number: FR Doc. 2018-21131
Type: Notice
Published: October 15, 2018
Citation: 83 FR 52051 (pages 52,051–52,053)
Action: Notice.
Dates: See SUPPLEMENTARY INFORMATION section.
Official sources: PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe Treasury Department's Office of Foreign Assets Control (OFAC) is taking action to implement certain of the sanctions imposed on two persons by the Secretary of State pursuant to the Countering America's Adversaries Through Sanctions Act (Pub. L. 115-44).

Executive orders cited

Executive Order 13849 · Other documents citing it

Text

As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.

[Federal Register Volume 83, Number 199 (Monday, October 15, 2018)]
[Notices]
[Pages 52051-52053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21131]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Notice of OFAC Implementation of Certain Sanctions Imposed on Two
Persons by the Secretary of State Pursuant to the Countering America's
Adversaries Through Sanctions Act

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control
(OFAC) is taking action to implement certain of the sanctions imposed
on two persons by the Secretary of State pursuant to the Countering
America's Adversaries Through Sanctions Act (Pub. L. 115-44).

DATES: See SUPPLEMENTARY INFORMATION section.

FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global
Targeting, tel.: 202-622-2420; Assistant Director for Licensing, tel.:
202-622-2480; Assistant Director for Regulatory Affairs, tel.: 202-622-
4855; Assistant Director for Sanctions Compliance & Evaluation, tel.:
202-622-2490; or the Department of the Treasury's Office of the General
Counsel: Office of the Chief Counsel (Foreign Assets Control), tel.:
202-622-2410.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    The list of Specially Designated Nationals and Blocked Persons (SDN
List) and additional information concerning OFAC sanctions programs are
available on OFAC's website (http://www.treasury.gov/ofac).
    Background: Section 231 of the Countering America's Adversaries
Through Sanctions Act requires the Secretary of State, pursuant to
authority delegated by the President, to impose or waive sanctions on
persons he determines have knowingly engaged in a significant
transaction with a person that is part of, or operates for or on behalf
of, the defense or intelligence sectors of the Government of the
Russian Federation. Pursuant to Executive Order 13849 of September 20,
2018, ``Authorizing the Implementation of Certain Sanctions Set Forth
in the Countering America's Adversaries Through Sanctions Act'' (the
``Order''), the Secretary of the Treasury is responsible for
implementing certain of the sanctions imposed set forth in Section 235
of CAATSA when those sanctions are selected for imposition by the
President, Secretary of State, or the Secretary of the Treasury. The
Secretary of the Treasury is responsible for

[[Page 52052]]

implementing the following sanctions under CAATSA: (i) Prohibiting any
United States financial institution from making loans or providing
credits to the sanctioned person totaling more than $10,000,000 in any
12-month period, unless the person is engaged in activities to relieve
human suffering and the loans or credits are provided for such
activities; (ii) prohibiting any transactions in foreign exchange that
are subject to the jurisdiction of the United States and in which the
sanctioned person has any interest; (iii) prohibiting any transfers of
credit or payments between financial institutions, or by, through, or
to any financial institution, to the extent that such transfers or
payments are subject to the jurisdiction of the United States and
involve any interest of the sanctioned person; (iv) blocking all
property and interests in property of the sanctioned person that are in
the United States, that hereafter come within the United States, or
that are or hereafter come within the possession or control of any
United States person, and providing that such property and interests in
property may not be transferred, paid, exported, withdrawn, or
otherwise dealt in; (v) prohibiting any United States person from
investing in or purchasing significant amounts of equity or debt
instruments of the sanctioned person; or (vi) imposing on the principal
executive officer or officers of the sanctioned person, or on persons
performing similar functions and with similar authorities as such
officer or officers, the sanctions described in (i)-(v).
    The Secretary of State has imposed CAATSA sanctions on two persons.
This action, published today in the Federal Register by the Department
of State, provides the names of the persons subject to sanctions, as
well as a complete list of the sanctions imposed on each person.
Accordingly, the Director of OFAC, acting pursuant to delegated
authority, has taken the actions described below to implement those
sanctions set forth in Section 235 of CAATSA and the Order with respect
to the persons listed below.

[[Page 52053]]

Page printed as an image (TN15OC18.003): see the PDF.

    The Director of OFAC has: (a) Blocked all property and interests in
property that are in the United States, that come within the United
States, or that are or come within the possession or control of any
United States person, including any overseas branch, and which may not
be transferred, paid, exported, withdrawn, or otherwise dealt in, of
Equipment Development Department and Li Shangfu; (b) prohibited any
transfers of credit or payments between financial institutions or by,
through, or to any financial institution, to the extent that such
transfers or payments are subject to the jurisdiction of the United
States and involved any interest of Equipment Development Department
and Li Shangfu; and (c) prohibited any transactions in foreign exchange
that are subject to the jurisdiction of the United States and in which
Equipment Development Department and Li Shangfu have any interest.
These persons have been added to OFAC's List of Specially Designated
Nationals and Blocked Persons and include the identifying tag
``CAATSA--RUSSIA.''

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2018-21131 Filed 10-12-18; 8:45 am]
 BILLING CODE 4810-AL-P

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