Sec. 207. Sanctions with respect to the development and production of petroleum and natural gas resources in the Russian Federation
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/bill/115/s/94/is/section-207·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The President shall impose 5 or more of the sanctions described in section 213 with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of this Act— makes an investment described in paragraph
(2)of $20,000,000 or more; or makes a combination of investments described in paragraph
(2)in a 12-month period if each such investment is of not less than $5,000,000 and such investments equal or exceed $20,000,000 in the aggregate. An investment described in this paragraph is an investment that directly and significantly contributes to the enhancement of the ability of the Russian Federation to develop petroleum or natural gas resources. The President shall impose 5 or more of the sanctions described in section 213 with respect to a person if the President determines that the person knowingly, on or after the date of the enactment of this Act, sells, leases, or provides to the Russian Federation goods, services, technology, information, or support described in paragraph (2)— 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. Goods, services, technology, information, or support described in this paragraph are goods, services, technology, information, or support that could directly and significantly facilitate the maintenance or expansion of the production of petroleum products or natural gas in the Russian Federation, including any direct and significant assistance with respect to the construction, modernization, or repair of petroleum refineries and natural gas infrastructure.