[Federal Register Volume 87, Number 86 (Wednesday, May 4, 2022)]
[Notices]
[Pages 26385-26386]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09564]


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DEPARTMENT OF STATE

[Public Notice 11668]


Notice of Department of State Sanctions Actions Pursuant to the 
Countering America's Adversaries Through Sanctions Act (CAATSA) and the 
Protecting Europe's Energy Security Act (PEESA), as amended

SUMMARY: The Secretary of State has imposed sanctions on one entity and 
identified one vessel as blocked property pursuant to the Countering 
America's Adversaries Through Sanctions Act (CAATSA) and the Protecting 
Europe's Energy Security Act (PEESA), as amended.

DATES: The Secretary of State's determination and selection of certain 
sanctions to be imposed upon the one entity and one vessel identified 
in the SUPPLEMENTARY INFORMATION section pursuant to CAATSA were 
effective on January 19, 2021 and the Secretary of State's 
determination and imposition of sanctions to be imposed upon the one 
entity and one vessel identified in the SUPPLEMENTARY INFORMATION 
section pursuant to PEESA were effective on February 22, 2021.

FOR FURTHER INFORMATION CONTACT: Anthony Musa, <a href="/cdn-cgi/l/email-protection#9bf6eee8e8faffdbe8effaeffeb5fcf4ed"><span class="__cf_email__" data-cfemail="452830363624210536312431206b222a33">[email protected]</span></a>, Phone: 
(202) 647-1925.

SUPPLEMENTARY INFORMATION: Pursuant to Section 232 of Countering 
America's Adversaries Through Sanctions Act (CAATSA), as delegated, 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 the President of the 
Export-Import Bank, the Chairman of the Board of Governors of the 
Federal Reserve System, and other agencies and officials as 
appropriate, is authorized to impose on a person any of the sanctions 
described in Section 232 of Countering America's Adversaries Through 
Sanctions Act (CAATSA) upon determining that the person met any 
criteria set forth in sections 232(a)(1)-232(c) of Countering America's 
Adversaries Through Sanctions Act (CAATSA).
    Pursuant to Section 7503(a)(1)(A) of PEESA, as amended, the 
Secretary of State, in consultation with the Secretary of the Treasury, 
shall submit every 90 days a report to the appropriate congressional 
committees that identifies vessels that engaged in pipe-laying or pipe-
laying activities at depths of 100 feet or more below sea level for the 
construction of the Nord Stream 2 pipeline project, the Turkstream 
pipeline project, or any project that is a successor to either such 
project. Pursuant to Section 7503(a)(1)(B) of PEESA, as amended, the 
Secretary of State, in consultation with the Secretary of the Treasury 
shall also include in the report foreign persons that the Secretary of 
State, in consultation with the Secretary of the Treasury, determines 
have knowingly sold, leased, or provided, or facilitated selling, 
leasing, or providing, those vessels for the construction of such a 
project. Pursuant to Section 7503(c) of PEESA, as delegated, the 
Secretary of the Treasury, in consultation with the Secretary of State, 
shall exercise all powers granted to the President by the International 
Emergency Economic Powers Act to the

[[Page 26386]]

extent necessary to block and prohibit all transactions in all property 
and interests in property of any person identified under subsection 
(a)(1)(B) of PEESA if such property and interests in property are in 
the United States, come within the United States, or are or come within 
the possession or control of a United States person.
    The Secretary of State has determined, pursuant to Section 
232(a)(1) of Countering America's Adversaries Through Sanctions Act 
(CAATSA), that KVT-RUS, has knowingly, on or after July 15, 2020, made 
an investment described in subsection (b), or sold, leased, or provided 
to the Russian Federation, for the construction of Russian energy 
export pipelines, goods, services, technology, information, or support 
described in subsection (c), any of which has a fair market value of 
$1,000,000 or more, or that during a 12 month period, have an aggregate 
fair market value of $5,000,000 or more.
    The Secretary of State has additionally determined, pursuant to 
Section 7503(a)(1)(B)(i) of Protecting Europe's Energy Security Act 
(PEESA), as amended, that KVT-RUS, has knowingly, on or after January 
1, 2021, sold, leased, or provided, or facilitated selling, leasing, or 
providing, a vessel that engaged in pipe-laying or pipe-laying 
activities at depths of 100 feet or more below sea level for the 
construction of the Nord Stream 2 pipeline project.
    Pursuant to sections 232(a)(1) and 235 of Countering America's 
Adversaries Through Sanctions Act (CAATSA) and E.O. 13849, the 
Secretary of State has selected the following sanctions to be imposed 
upon KVT-RUS:
    <bullet> Order the United States Government not to issue any 
specific license and not to grant any other specific permission or 
authority to export any goods or technology to KVT-RUS (section 
235(a)(2));
    <bullet> Prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which KVT-RUS 
has any interest (section 235(a)(7));
    <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 KVT-RUS 
(section 235(a)(8));
    <bullet> Prohibit any person from acquiring, holding, withholding, 
using, transferring, withdrawing, transporting, importing, or exporting 
any property that is subject to the jurisdiction of the United States 
and with respect to which KVT-RUS has any interest (section 
235(a)(9)(A); dealing in or exercising any right, power, or privilege 
with respect to such property (section 235(a)(9)(B)); or conducting any 
transaction involving such property (section 235(a)(9)(C));
    <bullet> Prohibit any United States person from investing in or 
purchasing significant amounts of equity or debt instruments of KVT-RUS 
(section 235(a)(10);
    <bullet> Block all property and interests in property of KVT-RUS 
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 provide that such property and 
interests in property may not be transferred, paid, exported, 
withdrawn, or otherwise dealt in (E.O. 13849 Section 1(a)(iv)).
    Pursuant to Section 7503(c) of PEESA, as amended, Sections 
232(a)(1) and 235 of CAATSA, and E.O. 13849, KVT-RUS has been added to 
the Specially Designated Nationals and Blocked Persons List.
    All property and interests in property of KVT-RUS subject to U.S. 
jurisdiction are blocked.
    The following vessels subject to U.S. jurisdiction are blocked:

Fortuna (IMO 8674156)

Whitney Baird,
Principal Deputy Assistant Secretary of State, Bureau of Economic and 
Business Affairs, Department of State. Bureau of Economic and Business 
Affairs, Department of State.
[FR Doc. 2022-09564 Filed 5-3-22; 8:45 am]
BILLING CODE 4710-AE-P


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