OFAC Implementation of Certain Sanctions Imposed on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT Pursuant to Executive Order 13622 of July 30, 2012, 53110-53111 [2014-21217]

Download as PDF 53110 Federal Register / Vol. 79, No. 172 / Friday, September 5, 2014 / Notices transactions or dealings involving that entity, as described in Section 1(b) of E.O. 13608. On June 3, 2013, the President issued Executive Order 13645 (‘‘Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect to Iran’’) (‘‘E.O. 13645’’). Section 2 of E.O. 13645 blocks, with certain exceptions, all property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person, including any foreign branch, of persons determined by the Secretary of the Treasury, in consultation with the Secretary of State, to satisfy any of the criteria set forth in subsection (a)(i) or (a)(ii) of section 2. On December 12, 2013, the Director of OFAC, acting pursuant to delegated authority, designated the entity listed below 1 as a person whose property and interests in property are blocked pursuant to section 2 of E.O. 13645. Entity [FR Doc. 2014–21220 Filed 9–4–14; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control OFAC Implementation of Certain Sanctions Imposed on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT Pursuant to Executive Order 13622 of July 30, 2012 Office of Foreign Assets Control, Treasury. ACTION: Notice. 1 In addition, on December 12, 2013, the Director of OFAC designated individual VITALY SOKOLENKO and entities MID OIL ASIA PTE. LTD., SINGA TANKERS PTE. LTD., and SIQIRIYA MARITIME CORP. pursuant to section 2 of E.O. 13645. Separate notices detailing OFAC’s actions with respect to this individual and these entities are being published in today’s Federal Register. 14:29 Sep 04, 2014 Jkt 232001 The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is providing notice of actions taken by OFAC to implement certain of the sanctions imposed on two entities by the Secretary of State pursuant to Executive Order 13622 of July 30, 2012, ‘‘Authorizing Additional Sanctions With Respect to Iran.’’ DATES: OFAC’s actions described in this notice to implement the sanctions on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT were effective May 31, 2013. FOR FURTHER INFORMATION CONTACT: Assistant Director for Sanctions Compliance and Evaluation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: The Director of OFAC has: (a) Blocked all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, including any overseas branch, of the entity listed above; (b) prohibited any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the entity listed above; (c) prohibited U.S. financial institutions from making loans or providing credits totaling more than $10,000,000 over a 12-month period to the entity listed above; (d) prohibited any transactions in foreign exchange that are subject to the jurisdiction of the United States and which involve any interest of the entity listed above; and (e) prohibited all transactions or dealings involving the entity listed above in or related to any goods, rmajette on DSK2TPTVN1PROD with NOTICES Dated: July 18, 2014. Barbara C. Hammerle, Acting Director, Office of Foreign Assets Control. AGENCY: 1. FERLAND COMPANY LIMITED (a.k.a. FERLAND CO. LTD), 29 A Anna Komnini St., PO Box 2303, Nicosia, Cyprus; 5/7 Sabaneyev Most., Odessa, Ukraine [EO13645] [ISA] [FSE–IR]. VerDate Mar<15>2010 services, or technology (i) in or intended for the United States, or (ii) provided by or to United States persons, wherever located. Ferland Company Limited has been added to both OFAC’s List of Specially Designated Nationals and Blocked Persons and OFAC’s List of Foreign Sanctions Evaders with the identifying tags ‘‘EO13645’’, ‘‘ISA’’, and ‘‘FSE–IR.’’ Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (www.treasury.gov/ofac) or via facsimile through a 24-hour fax-on demand service tel.: (202) 622–0077. Background On July 30, 2012, the President issued Executive Order 13622, ‘‘Authorizing Additional Sanctions With Respect to Iran’’ (‘‘E.O. 13622’’), under the authority of, inter alia, the International PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 Emergency Economic Powers Act (50 U.S.C. 1601 et seq.). Section 2(a)(ii) of E.O. 13622 authorizes the Secretary of State to impose sanctions on a person he determines has knowingly engaged, on or after the effective date of E.O. 13622, in a significant transaction for the purchase or acquisition of petrochemical products from Iran.1 Section 4 of E.O. 13622 requires the Secretary of the Treasury to implement certain of the sanctions imposed by the Secretary of State pursuant to section 2 of E.O. 13622. The Secretary of the Treasury is responsible for implementing the following sanctions set forth in section 4 of E.O. 13622 and imposed by the Secretary of State pursuant to section 2 of E.O. 13622: (i) With respect to section 4(a)(i) of E.O. 13622, to prohibit any U.S. financial institution from making loans or providing credits to a person sanctioned under section 2 of E.O. 13622; (ii) with respect to section 4(a)(ii) of E.O. 13622, to prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which a person sanctioned under section 2 of E.O. 13622 has any interest; (iii) with respect to section 4(a)(iii) of E.O. 13622, to prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involved any interest of a person sanctioned under section 2 of E.O. 13622; (iv) with respect to section 4(a)(iv) of E.O. 13622, to block all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, including any foreign branch, of a person sanctioned under section 2 of E.O. 13622, and to provide that such property and interests in property may not be transferred, paid, exported, withdrawn, or otherwise dealt in; and (v) with respect to section 4(a)(v) of E.O. 13622, to restrict or prohibit imports of goods, technology, or services, directly or indirectly, into the United States from a person sanctioned under section 2 of E.O. 13622. 1 Section 16 of Executive Order 13645 of June 3, 2013, ‘‘Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Freedom and Counter-Proliferation Act of 2012 and Additional Sanctions With Respect To Iran’’ (‘‘E.O. 13645’’) amended section 2 of E.O. 13622 to clarify that the scope of sanctionable activity included significant transactions for the ‘‘sale, transport, or marketing’’ of petroleum, petroleum products, and petrochemicals. The Secretary of State’s action with respect to the persons identified in this notice was undertaken prior to the issuance of E.O. 13645. E:\FR\FM\05SEN1.SGM 05SEN1 Federal Register / Vol. 79, No. 172 / Friday, September 5, 2014 / Notices The Secretary of State has imposed sanctions on two entities pursuant to section 2 of E.O 13622. See 78 FR 35351 (June 12, 2013), which provides the names of the two entities subject to sanctions, as well as a complete list of the sanctions imposed on each entity. Accordingly, the Director of OFAC, acting pursuant to delegated authority, has taken the actions described below to implement certain sanctions imposed by the Secretary of State pursuant to section 2 of Executive Order 13622 with respect to the following persons: 1. JAM PETROCHEMICAL COMPANY, Pars Special Economic Zone, Assaluyeh, Boushehr Province, Iran [EO13622]. 2. NIKSIMA FOOD AND BEVERAGE JLT, Dubai, United Arab Emirates [EO13622]. The Director of OFAC has: (a) Blocked all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, including any overseas branch, of the two entities listed above; (b) prohibited any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involve any interest of the two entities listed above; and (c) prohibited any transactions in foreign exchange that are subject to the jurisdiction of the United States and involve any interest of the two entities listed above. Both entities have been added to OFAC’s List of Specially Designated Nationals and Blocked Persons with the identifying tag ‘‘EO13622.’’ Dated: August 8, 2014. Barbara C. Hammerle, Acting Director, Office of Foreign Assets Control. [FR Doc. 2014–21217 Filed 9–4–14; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control OFAC Implementation of Certain Sanctions Imposed on Two Persons by the Secretary of State Pursuant to the Iran Sanctions Act of 1996, as Amended Office of Foreign Assets Control, Treasury. ACTION: Notice. rmajette on DSK2TPTVN1PROD with NOTICES AGENCY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is providing notice of actions taken by OFAC to implement certain of the sanctions imposed on two persons SUMMARY: VerDate Mar<15>2010 14:29 Sep 04, 2014 Jkt 232001 by the Secretary of State pursuant to the Iran Sanctions Act of 1996 (Pub. L. 104– 172) (50 U.S.C. 1701 note), as amended (‘‘ISA’’). DATES: OFAC’s actions described in this Notice to implement certain ISA sanctions on DIMITRIS CAMBIS and IMPIRE SHIPPING COMPANY were effective March 14, 2013. FOR FURTHER INFORMATION CONTACT: Assistant Director for Sanctions Compliance and Evaluation, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2490. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (www.treasury.gov/ofac) or via facsimile through a 24-hour fax-on demand service tel.: (202) 622–0077. Background The Iran Sanctions Act of 1996 (Pub. L. 104–172) (50 U.S.C. 1701 note), as amended (‘‘ISA’’), requires the Secretary of State, pursuant to authority delegated by the President, to impose or waive sanctions on persons determined to have engaged in certain investment or other activity in connection with Iran’s petroleum or petrochemical sectors. Specifically, section 5(a)(8) of ISA requires the imposition of sanctions on certain persons that conceal the Iranian origin of crude oil and refined petroleum products. Executive Order 13628 of October 9, 2012, ‘‘Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Threat Reduction and Syria Human Rights Act of 2012 and Additional Sanctions With Respect to Iran’’ (‘‘E.O. 13628’’), requires the Secretary of the Treasury, pursuant to authority under the International Emergency Economic Powers Act (50 U.S.C. 1701–1706), to implement certain sanctions set forth in section 6 of ISA when those sanctions are selected and imposed by the Secretary of State pursuant to ISA. The Secretary of the Treasury is responsible for implementing the following sanctions described in section 6(a) of ISA: (i) With respect to section 6(a)(3) of ISA, to prohibit any U.S. financial institution from making loans or providing credits to a person sanctioned under ISA; (ii) with respect to section 6(a)(6) of ISA, to prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which a person sanctioned under ISA has any interest; (iii) with respect to section 6(a)(7) of ISA, to PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 53111 prohibit any transfers of credit or payments between financial institutions or by, through, or to any financial institution, to the extent that such transfers or payments are subject to the jurisdiction of the United States and involved any interest of a person sanctioned under ISA; (iv) with respect to section 6(a)(8) of ISA, to block all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, including any foreign branch, of a person sanctioned under ISA, and to provide that such property and interests in property may not be transferred, paid, exported, withdrawn, or otherwise dealt in; (v) with respect to section 6(a)(9) of ISA, to prohibit any United States person from investing in or purchasing significant amounts of equity or debt instruments of a person sanctioned under ISA; (vi) with respect to section 6(a)(11) of ISA, to impose on the principal executive officer or officers, or persons performing similar functions and with similar authorities, of a person sanctioned under ISA the sanctions described in (i) through (v) above and (vii) below, as selected by the Secretary of State; and (vii) with respect to section 6(a)(12) of ISA, to restrict or prohibit imports of goods, technology, or services, directly or indirectly, into the United States from a person sanctioned under ISA. The Secretary of State has imposed sanctions on the persons listed below pursuant to section 5(a)(8) of ISA.1 See 78 FR 21183 (April 9, 2013), which provides the name of the individual and entity subject to sanctions, as well as a complete list of the sanctions imposed. Accordingly, the Director of OFAC, acting pursuant to delegated authority, has taken action under E.O. 13628 to implement certain sanctions imposed by the Secretary of State pursuant to subsections 6(a)(6)–(8) of ISA with respect to the following individual: 1. CAMBIS, Dimitris (a.k.a. KAMPIS, Dimitrios Alexandros; a.k.a. ‘‘KLIMT, Gustav’’); DOB 14 Oct 1963 (individual) [IRAN] [ISA] In addition, the Director of OFAC, acting pursuant to delegated authority, has taken action under E.O. 13628 to 1 Separately, on March 14, 2013, the Director of OFAC identified Dimitris Cambis and Impire Shipping Company, among other persons, as meeting the definition of ‘‘the Government of Iran’’ pursuant to Executive Order 13599 of February 5, 2012, ‘‘Blocking Property of the Government of Iran and Iranian Financial Institutions. See 78 FR 19075. As a result, the property and interests in property of these persons are blocked and they appear on OFAC’s List of Specially Designated Nationals and Blocked Persons with the identifying tag ‘‘IRAN.’’ E:\FR\FM\05SEN1.SGM 05SEN1

Agencies

[Federal Register Volume 79, Number 172 (Friday, September 5, 2014)]
[Notices]
[Pages 53110-53111]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-21217]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


OFAC Implementation of Certain Sanctions Imposed on JAM 
PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE JLT Pursuant to 
Executive Order 13622 of July 30, 2012

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is providing notice of actions taken by OFAC to implement 
certain of the sanctions imposed on two entities by the Secretary of 
State pursuant to Executive Order 13622 of July 30, 2012, ``Authorizing 
Additional Sanctions With Respect to Iran.''

DATES: OFAC's actions described in this notice to implement the 
sanctions on JAM PETROCHEMICAL COMPANY and NIKSIMA FOOD AND BEVERAGE 
JLT were effective May 31, 2013.

FOR FURTHER INFORMATION CONTACT: Assistant Director for Sanctions 
Compliance and Evaluation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac) or via facsimile 
through a 24-hour fax-on demand service tel.: (202) 622-0077.

Background

    On July 30, 2012, the President issued Executive Order 13622, 
``Authorizing Additional Sanctions With Respect to Iran'' (``E.O. 
13622''), under the authority of, inter alia, the International 
Emergency Economic Powers Act (50 U.S.C. 1601 et seq.). Section 
2(a)(ii) of E.O. 13622 authorizes the Secretary of State to impose 
sanctions on a person he determines has knowingly engaged, on or after 
the effective date of E.O. 13622, in a significant transaction for the 
purchase or acquisition of petrochemical products from Iran.\1\ Section 
4 of E.O. 13622 requires the Secretary of the Treasury to implement 
certain of the sanctions imposed by the Secretary of State pursuant to 
section 2 of E.O. 13622.
---------------------------------------------------------------------------

    \1\ Section 16 of Executive Order 13645 of June 3, 2013, 
``Authorizing the Implementation of Certain Sanctions Set Forth in 
the Iran Freedom and Counter-Proliferation Act of 2012 and 
Additional Sanctions With Respect To Iran'' (``E.O. 13645'') amended 
section 2 of E.O. 13622 to clarify that the scope of sanctionable 
activity included significant transactions for the ``sale, 
transport, or marketing'' of petroleum, petroleum products, and 
petrochemicals. The Secretary of State's action with respect to the 
persons identified in this notice was undertaken prior to the 
issuance of E.O. 13645.
---------------------------------------------------------------------------

    The Secretary of the Treasury is responsible for implementing the 
following sanctions set forth in section 4 of E.O. 13622 and imposed by 
the Secretary of State pursuant to section 2 of E.O. 13622: (i) With 
respect to section 4(a)(i) of E.O. 13622, to prohibit any U.S. 
financial institution from making loans or providing credits to a 
person sanctioned under section 2 of E.O. 13622; (ii) with respect to 
section 4(a)(ii) of E.O. 13622, to prohibit any transactions in foreign 
exchange that are subject to the jurisdiction of the United States and 
in which a person sanctioned under section 2 of E.O. 13622 has any 
interest; (iii) with respect to section 4(a)(iii) of E.O. 13622, to 
prohibit any transfers of credit or payments between financial 
institutions or by, through, or to any financial institution, to the 
extent that such transfers or payments are subject to the jurisdiction 
of the United States and involved any interest of a person sanctioned 
under section 2 of E.O. 13622; (iv) with respect to section 4(a)(iv) of 
E.O. 13622, to block all property and interests in property that are in 
the United States, that come within the United States, or that are or 
come within the possession or control of any United States person, 
including any foreign branch, of a person sanctioned under section 2 of 
E.O. 13622, and to provide that such property and interests in property 
may not be transferred, paid, exported, withdrawn, or otherwise dealt 
in; and (v) with respect to section 4(a)(v) of E.O. 13622, to restrict 
or prohibit imports of goods, technology, or services, directly or 
indirectly, into the United States from a person sanctioned under 
section 2 of E.O. 13622.

[[Page 53111]]

    The Secretary of State has imposed sanctions on two entities 
pursuant to section 2 of E.O 13622. See 78 FR 35351 (June 12, 2013), 
which provides the names of the two entities subject to sanctions, as 
well as a complete list of the sanctions imposed on each entity. 
Accordingly, the Director of OFAC, acting pursuant to delegated 
authority, has taken the actions described below to implement certain 
sanctions imposed by the Secretary of State pursuant to section 2 of 
Executive Order 13622 with respect to the following persons:

1. JAM PETROCHEMICAL COMPANY, Pars Special Economic Zone, Assaluyeh, 
Boushehr Province, Iran [EO13622].
2. NIKSIMA FOOD AND BEVERAGE JLT, Dubai, United Arab Emirates 
[EO13622].

    The Director of OFAC has: (a) Blocked all property and interests in 
property that are in the United States, that come within the United 
States, or that are or come within the possession or control of any 
United States person, including any overseas branch, of the two 
entities listed above; (b) prohibited any transfers of credit or 
payments between financial institutions or by, through, or to any 
financial institution, to the extent that such transfers or payments 
are subject to the jurisdiction of the United States and involve any 
interest of the two entities listed above; and (c) prohibited any 
transactions in foreign exchange that are subject to the jurisdiction 
of the United States and involve any interest of the two entities 
listed above. Both entities have been added to OFAC's List of Specially 
Designated Nationals and Blocked Persons with the identifying tag 
``EO13622.''

    Dated: August 8, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-21217 Filed 9-4-14; 8:45 am]
BILLING CODE 4810-AL-P

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