Sec. 203. Imposition of additional sanctions on persons complicit in or responsible for significant corruption in the Russian Federation
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Congress finds the following: On March 20, 2014, the Department of the Treasury designated four individuals and one financial institution for acting for or on behalf of or materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, a senior official of the Government of the Russian Federation. Widespread corruption at senior levels of the Government of the Russian Federation, in combination with the suppression of political freedoms and the concentration of enormous wealth in the hands of individuals exercising extensive influence over government policy, has contributed to the establishment of an authoritarian system that does not respect the rights of the Russian people.
The President, acting through the Secretary of the Treasury and in consultation with the Secretary of State (or their designees), is authorized to impose sanctions described in paragraph (1)(A) of section 202(c) in accordance with the provisions of such section against a foreign person if the foreign person is a senior foreign political figure or a close associate of such senior foreign political figure with respect to whom the President, acting through the Secretary of the Treasury and in consultation with the Secretary of State (or their designees), determines meets one or more of the criteria described in subsection (c).
The Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries) is authorized to impose sanctions described in paragraph (1)(B) of section 202(c) in accordance with the provisions of such section against an alien if the alien is a senior foreign political figure or a close associate of such senior foreign political figure with respect to whom the Secretary of State or the Secretary of Homeland Security (or a designee of one of such Secretaries) knows, or has reason to believe, meets one or more of the criteria described in subsection (c).
The criteria described in this subsection are the following: The foreign person or alien is responsible for, or complicit in, or responsible for ordering, controlling, or otherwise directing, acts of significant corruption in the Russian Federation, including the expropriation of private or public assets for personal gain, corruption related to government contracts or the extraction of natural resources, bribery, or the facilitation or transfer of the proceeds of corruption to foreign jurisdictions.
The foreign person or alien has materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, an act described in paragraph (1). The waiver provisions of subsection
(d)of section 202 shall apply with respect to this section and any sanction imposed by this section to the same extent and in the same manner as such waiver provisions apply to section 202 and any sanction imposed by such section. In this section, the terms foreign person and alien have the meanings given such terms in section 202(f).