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Russia Gl8i

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64 views2 pages

Russia Gl8i

Uploaded by

Julien Bauer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF THE TREASURY

WASHINGTON, D.C.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations


31 CFR part 587

GENERAL LICENSE NO. 8I

Authorizing Transactions Related to Energy

(a) Except as provided in paragraph (c) of this general license, all transactions prohibited
by Executive Order (E.O.) 14024 involving one or more of the following entities that are related
to energy are authorized, through 12:01 a.m. eastern daylight time, November 1, 2024:

(1) State Corporation Bank for Development and Foreign Economic Affairs
Vnesheconombank;

(2) Public Joint Stock Company Bank Financial Corporation Otkritie;

(3) Sovcombank Open Joint Stock Company;

(4) Public Joint Stock Company Sberbank of Russia;

(5) VTB Bank Public Joint Stock Company;

(6) Joint Stock Company Alfa-Bank;

(7) Public Joint Stock Company Rosbank;

(8) Bank Zenit Public Joint Stock Company;

(9) Bank Saint-Petersburg Public Joint Stock Company;

(10) Any entity in which one or more of the above persons own, directly or indirectly,
individually or in the aggregate, a 50 percent or greater interest; or

(11) the Central Bank of the Russian Federation.

(b) For the purposes of this general license, the term “related to energy” means the
extraction, production, refinement, liquefaction, gasification, regasification, conversion,
enrichment, fabrication, transport, or purchase of petroleum, including crude oil, lease
condensates, unfinished oils, natural gas liquids, petroleum products, natural gas, or other
products capable of producing energy, such as coal, wood, or agricultural products used to
manufacture biofuels, or uranium in any form, as well as the development, production,
generation, transmission, or exchange of power, through any means, including nuclear, thermal,
and renewable energy sources.

(c) This general license does not authorize:

(1) Any transactions prohibited by Directive 1A under E.O. 14024, Prohibitions Related
to Certain Sovereign Debt of the Russian Federation;

(2) The opening or maintaining of a correspondent account or payable-through account


for or on behalf of any entity subject to Directive 2 under E.O. 14024, Prohibitions Related to
Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain
Foreign Financial Institutions;

(3) Any debit to an account on the books of a U.S. financial institution of the Central
Bank of the Russian Federation; or

(4) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person
blocked pursuant to the RuHSR other than the blocked persons described in paragraph (a) of this
general license, unless separately authorized.

(d) Effective April 29, 2024, General License No. 8H, dated October 25, 2023, is
replaced and superseded in its entirety by this General License No. 8I.

Note to General License No. 8I. This authorization is valid until November 1, 2024,
unless renewed.

Digitally signed by Bradley T. Smith


Bradley T. Smith Date: 2024.04.29 12:17:22 -04'00'
___________________________
Bradley T. Smith
Director
Office of Foreign Assets Control

Dated: April 29, 2024

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