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No need to wait anymore – major new US sanctions on Russia

Today, after President Biden issued a new Executive Order, Treasury issued the following Directive under it:

OFFICE OF FOREIGN ASSETS CONTROL
DIRECTIVE 1 UNDER EXECUTIVE ORDER OF APRIL 15, 2021 BLOCKING PROPERTY WITH RESPECT TO SPECIFIED HARMFUL FOREIGN ACTIVITIES OF THE GOVERNMENT OF THE RUSSIAN FEDERATION
Pursuant to sections 1(a)(iv), 1(d), and 8 of Executive Order of April 15, 2021, “Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation” (the “Order”), the Acting Director of the Office of Foreign Assets Control has determined, in consultation with the Department of State, that the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation are political subdivisions, agencies, or instrumentalities of the Government of the Russian Federation, and that the following activities by a U.S. financial institution are prohibited as of June 14, 2021, except to the extent provided by law or unless licensed or otherwise authorized by the Office of Foreign Assets Control:
(1) participation in the primary market for ruble or non-ruble denominated bonds issued after June 14, 2021 by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; and
(2) lending ruble or non-ruble denominated funds to the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation.
For purposes of this Directive, the term “U.S. financial institution” means any U.S. entity (including its foreign branches) that is engaged in the business of accepting deposits, making, granting, transferring, holding, or brokering loans or other extensions of credit, or purchasing or selling foreign exchange, securities, commodity futures or options, or procuring purchasers and sellers thereof, as principal or agent. The term includes depository institutions, banks, savings banks, trust companies, securities brokers and dealers, futures and options brokers and dealers, forward contract and foreign exchange merchants, securities and commodities exchanges, clearing corporations, investment companies, employee benefit plans, and U.S. holding companies, U.S. affiliates, or U.S. subsidiaries of any of the foregoing. This term includes those branches, offices, and agencies of foreign financial institutions that are located in the United States, but not such institutions’ foreign branches, offices, or agencies.
All other activities with the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation, or involving their property or interests in property are permitted, provided such activities are not otherwise prohibited pursuant to the Order, or any other sanctions program implemented by the Office of Foreign Assets Control.
Except to the extent otherwise provided by law or unless licensed or otherwise authorized by the Office of Foreign Assets Control, the following are also prohibited: (1) any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions contained in this Directive; and (2) any conspiracy formed to violate any of the prohibitions in this Directive.
April 15, 2021
OFAC also added the following persons:
AFANASYEVA, Yulia Andreevna (Cyrillic: АФАНАСЬЕВА, Юлия Андреевна), St. Petersburg, Russia; DOB 24 Feb 1988; Gender Female; Tax ID No. 782516327349(Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848].
AHMED, Shahzad (a.k.a. AMIN, Shahzad), Lahore, Pakistan; DOB 14 Dec 1987; nationality Pakistan; Email Address shy4angels@gmail.com; alt. Email Address shahzadsmb@gmail.com; Gender Male; National ID No. 3420204688179 (Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
BYCHKOV, Pyotr Aleksandrovich (Cyrillic: БЫЧКОВ, Пётр Александрович) (a.k.a. BICHKOV, Peter Alexandrovich; a.k.a. BYCHKOV, Petr Alexandrovich), St. Petersburg, Russia; DOB 25 Nov 1987; Gender Male; Tax ID No. 782513941021 (Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
HASNAIN, Syed Johar, Karachi, Pakistan; DOB 30 Dec 1987; nationality Pakistan; Gender Male; National ID No. 4220106151401 (Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
HAYAT, Muhammad Khizar (a.k.a. AL KARBALAI, Muhammad Khizar; a.k.a. HAYAT JAFFRI, Muhammad Khizar; a.k.a. HAYAT, Mohammad Khizar), Karachi, Pakistan; DOB 14 Jul 1994; POB Karachi, Pakistan; nationality Pakistan; Email Address khizarh11@yahoo.com; alt. Email Address khizarhayat.jaffri@yahoo.com; alt. Email Address muhammadkhizar.hayatjaffri@yahoo.com; alt. Email Address mygreentree59@yahoo.com; alt. Email Address khizar14hayat@gmail.com; alt. Email Address muhammadkhizarhayatjaffri@yahoo.com; Gender Male; Passport EB617700 (Pakistan); National ID No. 4210191597005 (Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
KARANDA, Pavel Leonidovich (Cyrillic: КАРАНДА, Павел Леонидович), Crimea, Ukraine; DOB 1964; POB Omsk, Russia; nationality Russia; Gender Male (individual) [UKRAINE-EO13660].
KILIMNIK, Konstantin Viktorovich (Cyrillic: КИЛИМНИК, Константин Викторович), Moscow, Russia; Kyiv, Ukraine; DOB 27 Apr 1970; POB Kyiv, Ukraine; nationality Ukraine; citizen Ukraine; Gender Male; Passport 752512703 (Russia) (individual) [UKRAINE-EO13660] [ELECTION-EO13848] (Linked To: YANUKOVYCH, Viktor Fedorovych).
KULINICH, Larisa Vitalievna (Cyrillic: КУЛИНИЧ, Лариса Витальевна) (a.k.a. KULINICH, Larisa (Cyrillic: КУЛИНИЧ, Лариса)), Simferopol, Crimea, Ukraine; DOB 02 Mar 1976; POB Ostapovka, Mirgorod District, Poltava Oblast, Ukraine; nationality Ukraine; alt. nationality Russia; Gender Female (individual) [UKRAINE-EO13660].
MIKHAILIUK, Leonid (Cyrillic: МИХАЙЛЮК, Леонид) (a.k.a. MIHAJLYUK, Leonid Vladimirovich (Cyrillic: MИХАЙЛЮК, Леонид Владимирович)), Franco Boulevard, House. 13, Simferopol, Crimea 295034, Ukraine; DOB 01 Jan 1970; nationality Russia; Gender Male (individual) [UKRAINE-EO13660].
PRIBYSHIN, Taras Kirillovich, St. Petersburg, Russia; DOB 28 Jun 1991; nationality Russia; Gender Male (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich; Linked To: INTERNET RESEARCH AGENCY LLC).
RAZA, Mohsin (a.k.a. AMIRI, Mohsin Raza), Karachi, Pakistan; DOB 25 May 1986; nationality Pakistan; Email Address alimohsin228@gmail.com; alt. Email Address mohsinrazaamiri@gmail.com; alt. Email Address alimohsin228@yahoo.com; alt. Email Address amestypezx@yahoo.com; alt. Email Address mohsin@forwarderz.com; alt. Email Address great_guy1102002@yahoo.com; Gender Male; National ID No. 4220198261523 (Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
RAZA, Mujtaba Ali (a.k.a. LILANI, Mujtaba Ali; a.k.a. RAZA, Mujtaba), Karachi, Pakistan; DOB 21 Oct 1987; nationality Pakistan; Email Address threatcc@gmail.com; alt. Email Address mujtaba@forwarderz.com; Gender Male; Digital Currency Address – XBT 1KSAbh5trMCTZwhiNsuUQvfTtSSTT8zqRk; alt. Digital Currency Address – XBT 1BiUFjzH6wsT73U3tfy4aXHCQsYQHzjk5h; Digital Currency Address – LTC LeKvNdNEzgQkzVVnRdV3fAu2DSF1nLsNw6; Digital Currency Address – XVG DFFJhnQNZf8rf67tYnesPu7MuGUpYtzv7Z; National ID No. 4220104113771 (Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
RAZA, Syed Ali (a.k.a. RAZA ZAIDI, Syed Ali), Karachi, Pakistan; DOB 15 Oct 1992; nationality Pakistan; Email Address syedaliraza940@gmail.com; alt. Email Address raza.zaidi92@yahoo.com; alt. Email Address kool_boy92@hotmail.com; alt. Email Address s.alirz92@gmail.com; Gender Male; National ID No. 4220157603253(Pakistan) (individual) [CYBER2] [ELECTION-EO13848] (Linked To: SECONDEYE SOLUTION).
RYZHENKIN, Leonid Kronidovich (Cyrillic: РЫЖЕНЬКИН, Леонид Кронидович) (a.k.a. RIZHENKIN, Leonid; a.k.a. RYZHENKIN, Leonid (Cyrillic: РЫЖЕНЬКИН, Леонид)), Moscow, Russia; DOB 10 Nov 1967; POB St. Petersburg, Russia; nationality Russia; Gender Male; Passport 722706177 (individual) [UKRAINE-EO13685].
SHCHERBAKOV, Kirill Konstantinovich, Moscow, Russia; DOB 18 May 1968; POB Russia; nationality Russia; Gender Male; Tax ID No. 774302261730 (Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: OOO YUNIDZHET).
STEPANOV, Artem Nikolaevich (Cyrillic: СТЕПАНОВ, Артём Николаевич), Moscow, Russia; DOB 31 Mar 1980; POB Russia; nationality Russia; Gender Male; Tax ID No. 504403080602 (Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
TERENTIEV, Vladimir Nikolaevich (Cyrillic: ТЕРЕНТЬЕВ, Владимир Николаевич) (a.k.a. TERENTIEV, Vladimir (Cyrillic: ТЕРЕНТЬЕВ, Владимир)), Crimea, Ukraine; DOB 11 Nov 1977; POB Voronezh, Russian Federation; nationality Russia; Gender Male (individual) [UKRAINE-EO13660].
TYURIN, Denis Valeriyevich (Cyrillic: ТЮРИН, Денис Валерьевич), Moscow, Russia; DOB 01 Apr 1976; POB Russia; nationality Russia; Gender Male (individual) [NPWMD] [CYBER2] [CAATSA – RUSSIA] (Linked To: MAIN INTELLIGENCE DIRECTORATE).
ZUEVA, Mariya Evgenevna (a.k.a. ZUEVA, Mariia Yevgenyevna), Moscow, Russia; DOB 28 May 1983; POB Russia; nationality Russia; Gender Female; Tax ID No. 331403452400 (Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: OOO YUNIDZHET).

to the SDN List under varying existing authorities for Ukraine, CAATSA, cyber-related sanctions and election interference. Additionally, the following entities:

AKTSIONERNOE OBSHCHESTVO AST (Cyrillic: АКЦИОНЕРНОЕ ОБЩЕСТВО АСТ) (a.k.a. AST, AO), d. 3k2 str. 4 etazh 5 kom. 55, shosse Kashirskoe, Moscow 115230, Russia; Tax ID No. 7724244406 (Russia) [NPWMD] [CYBER2] [CAATSA – RUSSIA] [RUSSIA-EO]. 
AKTSIONERNOE OBSHCHESTVO PASIT (Cyrillic: АКЦИОНЕРНОЕ ОБЩЕСТВО ПАСИТ) (a.k.a. PASIT, AO), Avenue Leninsky, Building 30, Premise IA, Moscow 11934, Russia; Tax ID No. 7736185530 (Russia) [RUSSIA-EO].
AKTSIONERNOE OBSHCHESTVO POZITIV TEKNOLODZHIZ (Cyrillic: АКЦИОНЕРНОЕ ОБЩЕСТВО ПОЗИТИВ ТЕКНОЛОДЖИЗ) (a.k.a. JSC POSITIVE TECHNOLOGIES; a.k.a. POZITIV TEKNOLODZHIZ, AO), d. 23A pom. V kom, 30, shosse Shchelkovskoe, Moscow 107241, Russia; Website http://www.ptsecurity.ru; alt. Website http://www.ptsecurity.com; Tax ID No. 7718668887 (Russia) [NPWMD] [CYBER2] [CAATSA – RUSSIA] [RUSSIA-EO] (Linked To: FEDERAL SECURITY SERVICE).
ASSOCIATION FOR FREE RESEARCH AND INTERNATIONAL COOPERATION (a.k.a. “AFRIC”), Russia; Email Address Africonline@protonmail.com; Digital Currency Address – ZEC t1MMXtBrSp1XG38Lx9cePcNUCJj5vdWfUWL; Digital Currency Address – DASH XyARKoupuArYtToA2S6yMdnoquDCDaBsaT [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
FEDERAL GOVERNMENT INSTITUTION PRETRIAL DETENTION CENTER NO 1 OF THE DIRECTORATE OF THE FEDERAL PENITENTIARY SERVICE FOR THE REPUBLIC OF CRIMEA AND SEVASTOPOL (Cyrillic: ФЕДЕРАЛЬНОЕ КАЗЕННОЕ УЧРЕЖДЕНИЕ СЛЕДСТВЕННЫЙ ИЗОЛЯТОР NO 1 УПРАВЛЕНИЯ ФЕДЕРАЛЬНОЙ СЛУЖБЫ ИСПОЛНЕНИЯ НАКАЗАНИЙ ПО РЕСПУБЛИКЕ КРЫМ И Г. СЕВАСТОПОЛЮ) (a.k.a. DETENTION CENTER NO 1 IN SIMFEROPOL; a.k.a. FKU SIZO-1 UFSIN OF RUSSIA FOR THE REPUBLIC OF CRIMEA AND SEVASTOPOL (Cyrillic: ФКУ СИЗО-1 УФСИН РОССИИ ПО РЕСПУБЛИКЕ КРЫМ И Г. СЕВАСТОПОЛЮ); a.k.a. SIMFEROPOL REMAND PRISON; a.k.a. SIMFEROPOL SIZO), Bulvar Lenina, dom 4, Simferopol, Crimea 295006, Ukraine; Lenin Boulevard, 4, Simferopol, Crimea 295006, Ukraine; Tax ID No. 9102002109(Russia); Registration Number 1149102002389 (Russia) [UKRAINE-EO13685].
FEDERAL STATE AUTONOMOUS INSTITUTION MILITARY INNOVATIVE TECHNOPOLIS ERA (Cyrillic: ФЕДЕРАЛЬНОЕ ГОСУДАРСТВЕННОЕ АВТОНОМНОЕ УЧРЕЖДЕНИЕ ВОЕННЫЙ ИННОВАЦИОННЫЙ ТЕХНОПОЛИС ЭРА; Cyrillic: ФГАУ ВИТ ЭРА; Cyrillic: ТЕХНОРОЛИС ЭРА; Cyrillic: ВОЕННЫЙ ИННОВАЦИОННЫЙ ТЕХНОРОЛИС ЭРА) (a.k.a. ERA MILITARY INNOVATION TECHNOPOLIS; a.k.a. FGAU VIT ERA), Pionerskiy Prospekt, 41, Anapa, Krasnodar Krai 353456, Russia; Website http://www.era-tehnopolis.ru; Email Address era_1@mil.ru; Tax ID No. 2539025440 (Russia) [RUSSIA-EO].
FEDERAL STATE AUTONOMOUS SCIENTIFIC ESTABLISHMENT SCIENTIFIC RESEARCH INSTITUTE SPECIALIZED SECURITY COMPUTING DEVICES AND AUTOMATION (Cyrillic: ФЕДЕРАЛЬНОЕ ГОСУДАРСТВЕННОЕ АВТОНОМНОЕ НАУЧНОЕ УЧРЕЖДЕНИЕ НАУЧНО-ИССЛЕДОВАТЕЛЬСКИЙ ИНСТИТУТ СПЕЦИАЛИЗИРОВАННЫЕ ВЫЧИСЛИТЕЛЬНЫЕ УСТРОЙСТВА ЗАЩИТЫ И АВТОМАТИКА) (a.k.a. FGANU NII SPECVUZAVTOMATIKA), Rostov-On-Don, Russia; Tax ID No. 6164205270 (Russia) [RUSSIA-EO].
FRESH AIR FARM HOUSE (a.k.a. FRESH AIR FARM HOUSE KARACHI), Karachi, Pakistan; Phone Number 923453272659; alt. Phone Number 923209299030 [CYBER2] [ELECTION-EO13848] (Linked To: RAZA, Mohsin; Linked To: RAZA, Mujtaba Ali).
IA INFOROS, OOO (Cyrillic: ООО ИА ИНФОРОС) (a.k.a. INFOROS INFORMATION AGENCY, CO, LTD.; a.k.a. NEWS AGENCY INFOROS), Moscow, Russia; Website inforos.ru; Organization Type: News agency activities; Tax ID No. 5025021509 (Russia) [NPWMD] [CYBER2] [CAATSA – RUSSIA] (Linked To: MAIN INTELLIGENCE DIRECTORATE).
INFOROS, OOO (Cyrillic: ООО ИА ИНФОРОС), Moscow, Russia; Organization Type: News agency activities; Identification Number 7727214569 (Russia) [NPWMD] [CYBER2] [CAATSA – RUSSIA] (Linked To: MAIN INTELLIGENCE DIRECTORATE).
INTERNATIONAL ANTICRISIS CENTER (Cyrillic: МЕЖДУНАРОДНЫЙ АНТИКРИЗИСНЫЙ ЦЕНТР), Russia; Website anticrisis.cc; Email Address info@anticrisis.cc [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
JOINT-STOCK COMPANY THE BERKAKIT-TOMMOT-YAKUTSK RAILWAY LINE’S CONSTRUCTION DIRECTORATE (Cyrillic: АКЦИОНЕРНОЕ ОБЩЕСТВО ДИРЕКЦИЯ ПО СТРОИТЕЛЬСТВУ ЖЕЛЕЗНОЙ ДОРОГИ БЕРКАКИТ‐ТОММОТ‐ЯКУТСК) (a.k.a. AKTSIONERNOE OBSHCHESTVO DIREKTSIYA PO STROITEL’STVU ZHELEZNOY DOROGI BERKAKIT-TOMMOT-YAKUTSK; a.k.a. JSC DSZHD BTYA (Cyrillic: АО ДСЖД БТЯ); a.k.a. OPEN JOINT-STOCK COMPANY THE BERKAKIT-TOMMOT-YAKUTSK RAILWAY LINE’S CONSTRUCTION DIRECTORATE (Cyrillic: ОТКРЫТОЕ АКЦИОНЕРНОЕ ОБЩЕСТВО ДИРЕКЦИЯ ПО СТРОИТЕЛЬСТВУ ЖЕЛЕЗНОЙ ДОРОГИ БЕРКАКИТ‐ТОММОТ‐ЯКУТСК)), Mayakovsky street, building 14, Aldan, Republic of Sakha (Yakutia) 678900, Russia (Cyrillic: улица Маяковского, дом 14, город Алдан, Республика Саха (Якутия) 678900, Russia); Registration ID 1121402000213 (Russia); Tax ID No. 1402015986 (Russia) [UKRAINE-EO13685].
LENPROMTRANSPROYEKT (Cyrillic: АО ЛЕНПРОМТРАНСПРОЕКТ) (a.k.a. LENPROMTRANSPROEKT CJSC; a.k.a. LENPROMTRANSPROYEKT JOINT-STOCK COMPANY), Kondrat’yevskiy Prospekt 15, building 5/1, 223, St. Petersburg 195197, Russia; Tax ID No. 7825064262 (Russia); Business Registration Number 1027809210054 (Russia) [UKRAINE-EO13685].
LIKE WISE, Shop No 5, Jamshed Quarter, Karachi, Pakistan; Phone Number 923452179668; Registration Number 4220198261523 (Pakistan) [CYBER2] [ELECTION-EO13848] (Linked To: RAZA, Mohsin; Linked To: RAZA, Mujtaba Ali).
MKSOFTTECH, Karachi, Pakistan; 631-C, 6th Floor, Mashriq Center, Stadium Road, Karachi, Pakistan; Website mksofttech.com; Email Address info@mksofttech.com [CYBER2] [ELECTION-EO13848] (Linked To: RAZA, Mohsin; Linked To: RAZA, Mujtaba Ali).
NEWSFRONT, Ukraine; Website news-front.info; Organization Type: News agency activities [NPWMD] [CYBER2] [CAATSA – RUSSIA] [ELECTION-EO13848] (Linked To: FEDERAL SECURITY SERVICE).
OBSHCHESTVO S OGRANICHENNOI OTVETSTVENNOSTYU NEOBIT (Cyrillic: ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ НЕОБИТ) (a.k.a. NEOBIT, OOO), d. 21 litera G, ul. Gzhatskaya, St. Petersburg 195220, Russia; Tax ID No. 7804360292 (Russia) [NPWMD] [CYBER2] [CAATSA – RUSSIA] [RUSSIA-EO] (Linked To: FEDERAL SECURITY SERVICE; Linked To: MAIN INTELLIGENCE DIRECTORATE).
OOO ALKON (a.k.a. “LIMITED LIABILITY COMPANY ALKON”), Moscow, Russia; Organization Established Date 07 Jul 2006; Tax ID No. 7703599373 (Russia) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: SHCHERBAKOV, Kirill Konstantinovich).
OOO YUNIDZHET (Cyrillic: ООО ЮНИДЖЕТ) (a.k.a. UNIJET; a.k.a. “UNIJET COMPANY LIMITED”), Moscow, Russia; Website unijet.ru; Organization Established Date 10 Dec 2009; Tax ID No. 7703711949 (Russia) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
SECONDEYE SOLUTION (a.k.a. FORWARDERZ), Karachi, Pakistan; Website secondeyesolution.su; alt. Website secondeyesolution.ch; alt. Website secondeyesolution.ru; alt. Website secondeyesolution.com; alt. Website forwarderz.com; alt. Website secondeyehost.com; Email Address support@secondeyesolution.com; alt. Email Address info@forwarderz.com; alt. Email Address forwarderz@yahoo.com; alt. Email Address forwarderzlive@google.com; alt. Email Address forwarderzlive@hotmail.com; alt. Email Address support@secondeyehost.com; Digital Currency Address – XBT 1NE2NiGhhbkFPSEyNWwj7hKGhGDedBtSrQ; alt. Digital Currency Address – XBT 19D8PHBjZH29uS1uPZ4m3sVyqqfF8UFG9o; alt. Digital Currency Address – XBT 1EYitrwBYNWuTBcjZFbEUdqHppe2raLpaF; alt. Digital Currency Address – XBT 1G9CKRHA3mx22DoT1QyNYrh85VSQ19Y1em; alt. Digital Currency Address – XBT 182NGZbPJXwg2WDrhrPpR7tpiGQkNPF844; alt. Digital Currency Address – XBT 1NayLEVF3bEEbDtdF2Cwso1VdEtvVNh2qX; alt. Digital Currency Address – XBT 16PhXY3hNNMTo8kpuJx2emh713KbWpkqci; alt. Digital Currency Address – XBT 1GqChmWqGtsaLrGbHfgdrV5Nkvahtjjuxr; alt. Digital Currency Address – XBT 18Ke1QWE9nQfXuhJijHggZuPJ5ZYxapoBK; alt. Digital Currency Address – XBT 1QJUiNsNfji6mR1FjAwf6Eg9NxxHPoxpWL; alt. Digital Currency Address – XBT 1DtGgdCi9VPKz2Bpq8GQhUQEPnQ5HwaT9n; Digital Currency Address – ETH 0x1da5821544e25c636c1417ba96ade4cf6d2f9b5a; alt. Digital Currency Address – ETH 0x7Db418b5D567A4e0E8c59Ad71BE1FcE48f3E6107; alt. Digital Currency Address – ETH 0x72a5843cc08275C8171E582972Aa4fDa8C397B2A; alt. Digital Currency Address – ETH 0x7F19720A857F834887FC9A7bC0a0fBe7Fc7f8102; Digital Currency Address – LTC LQAhYwwK5AR1JQiQPr7vu8Pu4b6qcxxvNB; alt. Digital Currency Address – LTC LgwmgYnraU2uBWHVFUDgAmFCPYj5Yw8C9L; alt. Digital Currency Address – LTC LeKvNdNEzgQkzVVnRdV3fAu2DSF1nLsNw6; Digital Currency Address – BCH 18M8bJWMzWHDBMxoLqjHHAffdRy4SrzkfB [CYBER2] [ELECTION-EO13848] (Linked To: INTERNET RESEARCH AGENCY LLC).
SOUTHFRONT (a.k.a. SOUTH FRONT; a.k.a. SOUTHFRONT: ANALYSIS & INTELLIGENCE), Russia; Website southfront.org; Digital Currency Address – XBT 3Gbs4rjcVUtQd8p3CiFUCxPLZwRqurezRZ; Digital Currency Address – ETH 0x9f4cda013e354b8fc285bf4b9a60460cee7f7ea9; Organization Type: News agency activities; Digital Currency Address – BCH qpf2cphc5dkuclkqur7lhj2yuqq9pk3hmukle77vhq [NPWMD] [CYBER2] [ELECTION-EO13848] (Linked To: FEDERAL SECURITY SERVICE).
THE FOUNDATION FOR NATIONAL VALUES PROTECTION (Cyrillic: ФОНДА ЗАЩИТЫ НАЦИОНАЛЬНЫХ ЦЕННОСТЕЙ) (a.k.a. “FZNC”), Moscow, Russia; Website fznc.world [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: MALKEVICH, Alexander Aleksandrovich; Linked To: PRIGOZHIN, Yevgeniy Viktorovich).
THE OXYTECH, Karachi, Pakistan; Website theoxytech.com; Email Address support@theoxytech.com [CYBER2] [ELECTION-EO13848] (Linked To: RAZA, Mujtaba Ali; Linked To: RAZA, Mohsin).
THE STRATEGIC CULTURE FOUNDATION (Cyrillic: ФОНД СТРАТЕГИЧЕСКОЙ КУЛЬТУРЫ), Russia; Website strategic-culture.org; Organization Type: News agency activities [ELECTION-EO13848].
TRANS LOGISTIK, OOO (Cyrillic: OOO ТРАНС ЛОГИСТИК) (a.k.a. “TRANS LOGISTIC”), d. 37 litera A etazh, pom., ofis 2/66/215, prospekt Stachek, St. Petersburg 198097, Russia; Tax ID No. 7805719070 (Russia); Government Gazette Number 20567335 (Russia); Registration Number 1177847397848 (Russia) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: PRIGOZHIN, Yevgeniy Viktorovich).

were added to the list under a new [RUSSIA-EO] program tag and/or under those existing authorities.

And the following existing designations were updated:

GROMOV, Alexei; DOB 1960; POB Zagorsk (Sergiev, Posad), Moscow Region, Russia; First Deputy Chief of Staff of the Presidential Executive Office; First Deputy Head of Presidential Administration; First Deputy Presidential Chief of Staff (individual) [UKRAINE-EO13661]. -to- GROMOV, Alexei Alexeyevich, Russia; DOB 31 May 1960; POB Zagorsk (Sergiev, Posad), Moscow Region, Russia; nationality Russia; Gender Male; First Deputy Chief of Staff of the Presidential Executive Office; First Deputy Head of Presidential Administration; First Deputy Presidential Chief of Staff (individual) [UKRAINE-EO13661] [ELECTION-EO13848].
MALKEVICH, Alexander Aleksandrovich, St. Petersburg, Russia; DOB 14 Jun 1975; POB Leningrad, Russia; Gender Male; Passport 717637093 (Russia); National ID No. 781005202108 (individual) [CYBER2] (Linked To: USA REALLY). -to- MALKEVICH, Alexander Aleksandrovich, St. Petersburg, Russia; DOB 14 Jun 1975; POB Leningrad, Russia; nationality Russia; Gender Male; Passport 717637093 (Russia); National ID No. 781005202108 (Russia) (individual) [UKRAINE-EO13661] [CYBER2] [ELECTION-EO13848] (Linked To: USA REALLY; Linked To: PRIGOZHIN, Yevgeniy Viktorovich). 

OFAC also added the following new Frequently Asked Questions (FAQs):

886. What does Executive order (E.O.) of April 15, 2021, “Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation” do?
Answer

The E.O. of April 15, 2021 establishes a new national emergency under which sanctions may be imposed against individuals and entities furthering specified harmful foreign activities of the Russian Federation.  This national emergency is separate from the national emergency relating to the crisis in Ukraine, declared in E.O. 13660 and further addressed in E.O.s 13661, 13662, and 13685.  The new E.O. addresses national security threats posed by specified harmful foreign activities of the Russian Federation, including:  its efforts to undermine the conduct of free and fair democratic elections and democratic institutions in the United States and its allies and partners; engaging in and facilitating malicious cyber-enabled activities against the United States and its allies and partners; fostering and using transnational corruption to influence foreign governments; pursuing extraterritorial activities targeting dissidents or journalists; undermining security in countries and regions important to United States national security; and violating well-established principles of international law, including respect for the territorial integrity of states. 

As a result of the E.O. of April 15, 2021, all property and interests in property of persons designated pursuant to this E.O. that are or come within the United States or the possession or control of U.S. persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.  Additionally, any entities 50 percent or more owned, directly or indirectly, by one or more blocked persons are also blocked. 

887. Are persons identified pursuant to Executive order (E.O.) 13662 as subject to Directive 3 for operating in the defense and related materiel sector of the Russian Federation economy blocked pursuant to the E.O. of April 15, 2021?
Answer

Persons identified pursuant to E.O. 13662 as subject to Directive 3 for operating in the defense and related materiel sector of the Russian Federation economy are not subject to prohibitions under the E.O. of April 15, 2021 unless those persons are also sanctioned pursuant to the E.O. of April 15, 2021.  For more information regarding Directive 3, please review applicable OFAC public guidance, such as FAQ 411.

The E.O. of April 15, 2021 provides for blocking sanctions on persons operating in the technology sector or the defense and related materiel sector of the Russian Federation economy, or any other sectors determined by the Secretary of the Treasury, in consultation with the Secretary of State.  The identification of a sector pursuant to the E.O. of April 15, 2021 provides notice that persons operating in the identified sector are exposed to sanctions risk; however, such identification does not automatically block all persons operating in the sector.  Only persons designated pursuant to the E.O. of April 15, 2021 for operating in the defense and related materiel sector of the Russian economy (or any other sector identified under the E.O.) are subject to blocking sanctions and will appear on the SDN List.

888. What does Directive 1 under Executive order (E.O.) of April 15, 2021 do?
Answer

Pursuant to Directive 1 under E.O. of April 15, 2021, “Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation,” the following activities by a U.S. financial institution are prohibited as of June 14, 2021: 

  1. Participation in the primary market for ruble or non-ruble denominated bonds issued after June 14, 2021 by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; and 
  2. Lending ruble or non-ruble denominated funds to the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation.

Further, except to the extent otherwise provided by law or unless licensed or otherwise authorized by OFAC, the following are also prohibited pursuant to Directive 1: (1) any transaction that evades or avoids, has the purpose of evading or avoiding, causes a violation of, or attempts to violate any of the prohibitions contained in Directive 1; and (2) any conspiracy formed to violate any of the prohibitions in Directive 1. 

889. Does Directive 1 under Executive order (E.O.) of April 15, 2021 prohibit participation in the secondary market for bonds issued by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation?
Answer

No, Directive 1 under E.O. of April 15, 2021 does not prohibit U.S. financial institutions from participating in the secondary market for bonds issued by these entities. 

890. Prior to June 14, 2021, are U.S. financial institutions prohibited from participating in the primary market for ruble or non-ruble denominated bonds issued by, or lending ruble or non-ruble denominated funds to, the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation?
Answer

Even prior to June 14, 2021, U.S. banks continue to be prohibited from participating in the primary market for non-ruble denominated bonds issued by the Russian sovereign (including the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation), and from lending non-ruble denominated funds to the Russian sovereign pursuant to the Russia-Related Directive under E.O. 13883 (the “CBW Act Directive”), which was issued on August 2, 2019.  However, the CBW Act Directive does not prohibit “U.S. banks” (as defined in the CBW Act Directive) from participating in the primary market for ruble denominated bonds issued by the Russian sovereign, or the lending of ruble denominated funds to the Russian sovereign. 

Starting June 14, 2021 (when the prohibitions in Directive 1 under E.O. of April 15, 2021 come into effect), “U.S. financial institutions” (as defined in Directive 1 under E.O. of April 15, 2021) are prohibited from participating in the primary market for ruble or non-ruble denominated bonds issued by, or the lending of ruble or non-ruble denominated funds to, the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation pursuant to Directive 1 under E.O. of April 15, 2021, unless otherwise authorized by OFAC.

Note that the prohibitions found in the CBW Act Directive remain in effect and are separate from the prohibitions in Directive 1 under E.O. of April 15, 2021.  For more information on the CBW Act Directive, please see FAQs 673  678

891. Does the 50 percent rule apply to Directive 1 under Executive order (E.O.) of April 15, 2021?
Answer

No.  The prohibitions of Directive 1 under E.O. of April 15, 2021 apply only to certain bonds issued by, or loans made to, the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation.  The prohibitions in Directive 1 do not apply to any entity that is owned, directly or indirectly, 50 percent or more by one or more of these three entities, whether individually or in the aggregate.

and updated some more:

673. What is the purpose of Executive Order (E.O.) 13883, “Administration of Proliferation Sanctions and Amendment of Executive Order 12851”?
Answer

E.O. 13883 delegates to the Secretary of the Treasury the implementation of the sanctions related to multilateral development bank assistance and to United States bank loans that are contained in the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991, as amended (“CBW Act”).  22 U.S.C. §5605(b)(2)(A)-(B).  E.O. 13883 also provides authority pursuant to the International Emergency Economic Powers Act to the Secretary of the Treasury to take certain actions to implement the sanctions related to bank loans.

674. What action did the U.S. government take under the CBW Act on August 2, 2019?
Answer

Following the chemical weapons attack in Salisbury, United Kingdom, the Department of State, acting under the CBW Act pursuant to authority delegated to the Secretary of State, made a determination on August 6, 2018 that the Government of the Russian Federation had used chemical weapons in violation of international law or had used lethal chemical weapons against its own nationals. Effective as of August 27, 2018, the United States imposed a first round of sanctions against Russia.  On November 6, 2018, the Department of State determined that the Government of the Russian Federation had failed to meet the conditions described in the CBW Act to avoid the imposition of a second round of sanctions, including failing to provide reliable assurances that it would not engage in future chemical weapons attacks.  On August 2, 2019, the Department of State selected three additional sanctions to impose on Russia pursuant to the CBW Act, specifically, the sanctions related to U.S. bank loans, opposition to multilateral development bank assistance, and further export restrictions administered by the Department of Commerce.

675. How does OFAC implement sanctions related to U.S. bank loans imposed on Russia pursuant to the CBW Act?
Answer

Pursuant to E.O. 13883, 31 C.F.R. § 544.802, and the CBW Act, on August 2, 2019, OFAC issued a Russia-Related Directive (the “CBW Act Directive”), which prohibits U.S. banks from participating in the primary market for non-ruble denominated bonds issued by the Russian sovereign and also prohibits U.S. banks from lending non-ruble denominated funds to the Russian sovereign.  The prohibitions under the CBW Act Directive do not apply to bonds or loans denominated in rubles.  The prohibitions in the CBW Act Directive only apply to “U.S. banks,” as that term is defined in the CBW Act Directive and consistent with section 4(c) of E.O. 13883 and consistent with the definition of U.S. financial institution at 31 C.F.R. § 544.311.  The CBW Act Directive includes a definition of the term “Russian sovereign.”  The CBW Act Directive is effective as of August 26, 2019.

Independent of the CBW Act Directive, OFAC has imposed additional prohibitions with respect to bonds and loans related to certain Government of the Russian Federation entities pursuant to Directive 1 under E.O. of April 15, 2021.  Please see FAQ 888 for more information.

676. What do the CBW Act Directive terms “U.S. bank” and “Russian sovereign” mean?
Answer

The CBW Act Directive defines the term “U.S. banks.”  This definition is consistent with section 4(c) of E.O. 13883, and with the definition of U.S. financial institution at 31 C.F.R. § 544.311.  The CBW Act Directive defines the term “Russian sovereign” as any ministry, agency, or sovereign fund of the Russian Federation, including the Central Bank of the Russian Federation, the National Wealth Fund, and the Ministry of Finance of the Russian Federation.   This term does not include state-owned enterprises of the Russian Federation.

Treasury also issued 3 related press releases – I will put those in a separate post.

Links:

OFAC Notice

Executive Order

Directive

New Frequently Asked Questions – 886, 887, 888, 889, 890, 891

Updated Frequently Asked Questions – 673, 674, 675, 676

Categories: Chemical weapons sanctions Cyber sanctions Election Intereference Sanctions Executive Orders Frequently Asked Questions (FAQ) Guidance OFAC Updates Russia sanctions Sanctions Lists

eric9to5

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