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Uh… OFAC FAQs address Xiaomi and Luokong NS-CCMC listings

On Sunday (!), OFAC published the following two Frequently Asked Questions (FAQs) regarding two specific Chinese Military Company sanctions designations:

880. Do the prohibitions in Executive Order 13959, as amended (E.O. 13959), apply with respect to Xiaomi Corporation?

Answer

On January 14, 2021, the Secretary of Defense listed Xiaomi Corporation (“Xiaomi”), pursuant to section 4(a)(ii) of E.O. 13959.  On March 12, 2021, the U.S. District Court for the District of Columbia issued an order in Xiaomi Corporation v. Department of Defense (Case No. 1:21-cv-00280-RC) preliminarily enjoining the implementation and enforcement of the E.O. 13959 prohibitions against Xiaomi.  Consequently, the prohibitions in E.O. 13959 do not apply with respect to Xiaomi pending further order of the Court.

881. When do the prohibitions in Executive Order 13959, as amended (E.O. 13959), apply with respect to Luokung Technology Corp. (LKCO)?

Answer

On January 14, 2021, the Secretary of Defense listed Luokong Technology Corporation (LKCO), pursuant to section 4(a)(ii) of E.O. 13959.  This listing was erroneous.  Accordingly, on March 9, 2021, the Secretary of Defense delisted Luokong Technology Corporation (LKCO) and listed Luokung Technology Corp. (LKCO), pursuant to section 4(a)(ii) of E.O. 13959.  As such, the prohibition in section 1(a)(ii) of E.O. 13959 will take effect with respect to Luokung Technology Corp. (LKCO) 60 days after March 9, 2021 (i.e., May 8, 2021), and the prohibition in section 1(c) of E.O. 13959 will take effect with respect to Luokung Technology Corp. (LKCO) 365 days after March 9, 2021 (i.e., March 9, 2022).

Link:

OFAC Notice

Categories: Chinese Military Companies sanctions Frequently Asked Questions (FAQ) Guidance OFAC Updates

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