§ 589.204. Prohibited transactions with respect to the defense and related materiel sector of the Russian Federation economy (Directive 3).
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/us/cfr/t31/s§ 589.204·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All transactions in, provision of financing for, and other dealings in new debt of longer than 30 days maturity of persons determined to be subject to this section, their property, or their interests in property by a U.S. person or within in the United States are prohibited. Note 1 to § 589.204: The names of persons subject to this section are published in the Federal Register and incorporated into OFAC's Sectoral Sanctions Identifications List (SSI List) with the descriptive text "Executive Order 13662 Directive Determination---Subject to Directive 3.
" Certain transactions with persons subject to this section may result in the imposition of secondary sanctions, and therefore such persons' entries on the SSI List will also include the descriptive prefix text "Secondary sanctions risk:", followed by information about the applicable secondary sanctions authority. The SSI List is accessible via the Ukraine-/Russia-Related Sanctions page on OFAC's website: www.treas.gov/ofac. See § 589.411 concerning entities that may not be listed on the SSI List but whose property and interests in property are nevertheless subject to the prohibitions of this section.
Note 2 to § 589.204: Section 216 of CAATSA (22 U.S.C. 9511) requires Congressional review prior to the termination of sanctions imposed pursuant to E.O. 13662. Section 222 of CAATSA (22 U.S.C. 9522) describes the Congressional notification required prior to the termination of sanctions imposed pursuant to E.O. 13662.
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§ 589.204
Prohibited transactions with respect to the defense and related materiel sector of the Russian Federation economy (Directive 3).
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