US imposes new sanctions on 37 individuals, entities to constrain Russia's energy revenue
“The Department of State is designating 37 entities involved in expanding Russia’s energy production and future export capacity and identifying two related vessels as blocked property,” according to a statement published by the Office of the Spokesperson of the US State Department on the day.
The United States on Thursday (14 September) night imposed sanctions on 37 individuals and entities in response to Russia's unprovoked war against Ukraine.
"The Department of State is designating 37 entities involved in expanding Russia's energy production and future export capacity and identifying two related vessels as blocked property," according to a statement published by the Office of the Spokesperson of the US State Department on the day.
"These designations include entities and individuals involved in the development of key energy projects and associated infrastructure, including Russia's Arctic LNG 2 liquified natural gas project, as well as entities involved in the procurement of materials and advanced technology for future energy projects for which Russia has historically relied on foreign service companies' expertise and technology," it added.
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The statement said, "All targets are being designated pursuant to Executive Order (EO) 14024, which authorises sanctions with respect to specified harmful foreign activities of the Government of the Russian Federation.
"As a result of today's action, and in accordance with EO 14024, all property and interests in property of the designated persons described above that are in the United States or in possession or control of US persons are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC)," reads the fact sheet.
"Additionally, all individuals or entities that have ownership, either directly or indirectly, 50% or more by one or more blocked persons are also blocked."
The statement continues, "All transactions by US persons or within (or transiting) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorised by a general or specific license issued by OFAC or exempt.
"These prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any blocked person and the receipt of any contribution or provision of funds, goods, or services from any such person."
The sanctioned entities and individuals includes JSC Eenergies, a Russian architecture company providing architecture services to support the development of the Arctic LNG 2 project; Nova Energies Limited Liability Company; Arctic Energies: Green Energy Solutions, etc.
