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It pays to read… two new Executive Order 14071 Determinations

These did not appear with today’s OFAC release, but were mentioned in the press release from Treasury…

Treasury is also taking additional action to cut off Russia’s access to a key service from U.S. companies. Today, OFAC issued a determination pursuant to E.O. 14071 prohibiting the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of quantum computing services to any person located in the Russian Federation. This prohibition will take effect beginning at 12:01 a.m. eastern daylight time on October 15, 2022.  In conjunction with this determination, OFAC is issuing new guidance. This action complements additional actions taken today by the Department of Commerce, which imposed additional export controls to Russia and Belarus on quantum computing hardware, software, and technology, among other things. In addition, the Department of State imposed further sanctions on Russian companies supporting its quantum computing capabilities, which help support Russia’s war machine. Together these actions by the U.S. government will further degrade Russia’s ability to reconstitute its military with the advanced technology support it has previously relied on from the United States.

In parallel with this action, OFAC has identified the quantum computing sector of the Russian Federation economy pursuant to E.O. 14024. This determination allows for sanctions to be imposed on any individual or entity determined to operate or have operated in this sector of the Russian Federation economy and, thereby, expands the United States’ ability to swiftly impose additional economic costs on Russia for its war of choice in Ukraine. This action builds on previous determinations providing for sanctions against those that operate or have operated in the accounting, trust and corporate formation, management consulting, aerospace, marine, electronics, financial services, technology, and defense and related materiel sectors of the Russian Federation economy.

Treasury Department Press Release of September 15, 2022

Here are the determinations: section 1(a)(i):

and section 1(a)(ii):

Links:

EO 14071 Determinations – Section 1(a)(i), Section 1(a)(ii)

Categories: E.O. 14071 Determinations OFAC Updates Russian Harmful Foreign Activities Sanctions

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