[Federal Register Volume 85, Number 241 (Tuesday, December 15, 2020)]
[Notices]
[Pages 81261-81262]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27517]


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DEPARTMENT OF STATE

[Public Notice: 11206]


Notice of Department of State Sanctions Actions Pursuant to 
Executive Order 13846 of August 6, 2018, Reimposing Certain Sanctions 
With Respect to Iran

SUMMARY: The Secretary of State imposed sanctions on six entities and 
five individuals pursuant to E.O. 13846, Reimposing Certain Sanctions 
with Respect to Iran; the Secretary of State subsequently terminated 
those sanctions imposed on one of the entities and one of the 
individuals.

DATES: The Secretary of State's determination and selection of certain 
sanctions to be imposed upon the six entities and five individuals 
identified in the SUPPLEMENTARY INFORMATION section was effective as of 
September 25, 2019. The Secretary of State's subsequent termination of 
sanctions with respect to one of the entities and one of the 
individuals, further identified in the SUPPLEMENTARY INFORMATION 
section, was effective January 31, 2020.

FOR FURTHER INFORMATION CONTACT: Taylor Ruggles, Director, Office of 
Economic Sanctions Policy and Implementation, Bureau of Economic and 
Business Affairs, Department of State, Washington, DC 20520, tel.: 
(202) 647-7677, email: <a href="/cdn-cgi/l/email-protection#287a5d4f4f444d5b7c7e685b5c495c4d064f475e"><span class="__cf_email__" data-cfemail="2e7c5b4949424b5d7a786e5d5a4f5a4b00494158">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: Pursuant to Section 3(a) of E.O. 13846, the 
Secretary of State, in consultation with the Secretary of the Treasury, 
the Secretary of Commerce, the Secretary of Homeland Security, and the 
United States Trade Representative, and with other agencies and 
officials as appropriate, is authorized to impose on a person any of 
the sanctions described in section 4 or 5 of E.O. 13846 upon 
determining that the person met the relevant criteria set forth in 
sections 3(a)(i)-3(a)(vi) of E.O. 13846.
    The Secretary of State determined on September 25, 2019, pursuant 
to Section 3(a)(ii) of E.O. 13846, that each of China Concord Petroleum 
Co., Limited, Kunlun Shipping Company Limited, Pegasus 88 Limited, and 
COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co., Ltd., 
knowingly, on or after November 5, 2018, engaged in a significant 
transaction for the purchase, acquisition, sale, transport, or 
marketing of petroleum or petroleum products from Iran. Additionally, 
the Secretary of State determined pursuant to Section 3(a)(v) of E.O. 
13846, that Kunlun Holding Company Ltd owned or controlled China 
Concord Petroleum Co., Limited and Kunlun Shipping

[[Page 81262]]

Company Limited and had knowledge that China Concord Petroleum Co., 
Limited and Kunlun Shipping Company Limited engaged in the activities 
referred to above; and that COSCO Shipping Tanker (Dalian) Co., Ltd. 
owned or controlled COSCO Shipping Tanker (Dalian) Seaman & Ship 
Management Co., Ltd. and had knowledge that COSCO Shipping Tanker 
(Dalian) Seaman & Ship Management Co., Ltd. engaged in the activities 
referred to above.
    Pursuant to Section 5(a) of E.O. 13846, the Secretary of State 
selected the following sanctions to be imposed upon each of China 
Concord Petroleum Co., Limited, Kunlun Shipping Company Limited, 
Pegasus 88 Limited, COSCO Shipping Tanker (Dalian) Seaman & Ship 
Management Co., Ltd., Kunlun Holding Company Ltd., and COSCO Shipping 
Tanker (Dalian) Co., Ltd.:
    <bullet> Prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which the 
entities have any interest;
    <bullet> Prohibit 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 
entities;
    <bullet> Block all property and interests in property 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 of the entities, and provide that such property 
and interests in property may not be transferred, paid, exported, 
withdrawn, or otherwise dealt in;
    <bullet> Prohibit any United States person from investing in or 
purchasing significant amounts of equity or debt instruments of the 
entities;
    <bullet> Restrict or prohibit imports of goods, technology, or 
services, directly or indirectly, into the United States from the 
entities; and
    <bullet> Impose on the principal executive officer or officers, or 
persons performing similar functions and with similar authorities, of 
the entities the sanctions described in sections 5(a)(ii)-5(a)(iv) and 
5(a)(vi) of E.O. 13846, as selected by the Secretary of State.
    Pursuant to Sections 4(e) and 5(a) of E.O. 13846, on September 25, 
2019, the Secretary of State selected the following sanctions to be 
imposed upon Bin Xu, Director of China Concord Petroleum Co., Limited 
and Kunlun Holding Company Ltd.; Yi Li, Director of Kunlun Shipping 
Company Limited; Luqian Shen, Director of Pegasus 88 Limited; Yu Hua 
Mao, Director of Kunlun Shipping Company Limited; and Yazhou Xu, 
Director of COSCO Shipping Tanker (Dalian) Co., Ltd.; each of whom was 
determined to be (i) a corporate officer or principal of the 
aforementioned entities and (ii) a principal executive officer of the 
aforementioned entities, or performing similar functions with similar 
authorities as a principal executive officer:
    <bullet> Prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which Bin Xu, 
Yi Li, Luqian Shen, Yu Hua Mao, and Yazhou Xu have any interest;
    <bullet> Prohibit 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 Bin Xu, 
Yi Li, Luqian Shen, Yu Hua Mao, and Yazhou Xu;
    <bullet> Block all property and interests in property 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 of Bin Xu, Yi Li, Luqian Shen, Yu Hua Mao, and 
Yazhou Xu, and provide that such property and interests in property may 
not be transferred, paid, exported, withdrawn, or otherwise dealt in; 
and
    <bullet> Restrict or prohibit imports of goods, technology, or 
services, directly or indirectly, into the United States from Bin Xu, 
Yi Li, Luqian Shen, Yu Hua Mao, and Yazhou Xu.
    Where the Secretary of State elects the sanction under Section 4(e) 
of E.O. 13846, the Secretary of State shall deny a visa to, and the 
Secretary of Homeland Security shall exclude from the United States, 
any alien that the Secretary of State determines is a corporate officer 
or principal of, or a shareholder with a controlling interest in, a 
sanctioned person subject to this action.
    Subsequently, the Secretary of State determined on January 31, 2020 
that the sanctions imposed with respect to the following persons on 
September 25, 2019 pursuant to Executive Order 13846 (noted above) were 
terminated as of January 31, 2020: COSCO Shipping Tanker (Dalian) Co. 
Ltd. and Yazhou Xu.

Peter D. Haas,
Principal Deputy Assistant Secretary, Bureau of Economic and Business 
Affairs, Department of State.
[FR Doc. 2020-27517 Filed 12-14-20; 8:45 am]
BILLING CODE 4710-07-P


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