Notice of OFAC Sanctions Action, 8090 [2025-01578]
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8090
Federal Register / Vol. 90, No. 14 / Thursday, January 23, 2025 / Notices
ddrumheller on DSK120RN23PROD with NOTICES1
effect: raising China’s shipbuilding
market share from less than 5 percent of
global tonnage in 1999, to over 50
percent in 2023; increasing China’s
ownership of the commercial world
fleet to over 19 percent as of January
2024; and controlling production of 95
percent of shipping containers and 86
percent of the world’s supply of
intermodal chassis, among other
components and products.
IV. Determination on the Acts, Policies,
or Practices Under Investigation
Based on the information obtained
during the investigation, as reflected in
the public report on the investigation,
and taking account of public comments,
as well as the advice of the Section 301
Committee and advisory committees,
the U.S. Trade Representative has made
the following determination under
sections 301(b) and 304(a) of the Trade
Act (19 U.S.C. 2411(b) and 2414(a)):
China’s targeting of the maritime,
logistics, and shipbuilding sectors for
dominance is unreasonable and burdens
or restricts U.S. commerce, and thus is
actionable under section 301(b) of the
Trade Act.
In particular, China’s targeting of the
maritime, logistics, and shipbuilding
sectors for dominance is unreasonable
because: it displaces foreign firms,
deprives market-oriented businesses
and their workers of commercial
opportunities, and lessens competition;
and it creates dependencies on China,
increasing risk and reducing supply
chain resilience. China’s targeting for
dominance also is unreasonable because
of China’s extraordinary control over its
economic actors and these sectors.
Furthermore, China’s targeting of the
maritime, logistics, and shipbuilding
sectors for dominance burdens or
restricts U.S. commerce by:
undercutting business opportunities for
and investments in the U.S. maritime,
logistics, and shipbuilding sectors;
restricting competition and choice;
creating economic security risks from
dependence and vulnerabilities in
sectors critical to the functioning of the
U.S. economy; and undermining supply
chain resilience.
These findings provide a basis for
finding that responsive action is
appropriate to obtain the elimination of
the acts, policies, or practices covered in
the investigation.
V. Further Proceedings
Sections 301(b) and 304(a)(1)(B) of the
Trade Act provide that if the U.S. Trade
Representative determines that an act,
policy, or practice of a foreign country
is unreasonable or discriminatory and
burdens or restricts United States
VerDate Sep<11>2014
17:45 Jan 22, 2025
Jkt 265001
commerce, the U.S. Trade
Representative shall determine what
action, if any, to take under section
301(b). These matters will be addressed
in subsequent proceedings.
DEPARTMENT OF THE TREASURY
determined to impose blocking
sanctions pursuant to section 11(b)(ii) of
E.O. 14024, as amended by E.O. 14114
on the person identified below, and
therefore all of the person’s 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, are
blocked, and such property and
interests in property may not be
transferred, paid, exported, withdrawn,
or otherwise dealt in.
Office of Foreign Assets Control
Entity
Juan Millan,
Acting General Counsel, Office of the United
States Trade Representative.
[FR Doc. 2025–01540 Filed 1–22–25; 8:45 am]
BILLING CODE 3290–F4–P
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
(SDN List) based on OFAC’s
determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of this
person is blocked, and U.S. persons are
generally prohibited from engaging in
transactions with them.
DATES: This action was issued on
January 15, 2025. See SUPPLEMENTARY
INFORMATION section for relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, 202–622–2420; Assistant
Director for Sanctions Compliance, 202–
622–2490 or https://ofac.treasury.gov/
contact-ofac.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
Notice of OFAC Actions
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Sfmt 4703
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
On January 15, 2025, OFAC
determined that the person identified
below meets one or more of the criteria
for the imposition of sanctions set forth
in section 11(a) of Executive Order
14024 of April 15, 2021, ‘‘Blocking
Property With Respect To Specified
Harmful Foreign Activities of the
Government of the Russian Federation,’’
(E.O. 14024), as amended by Executive
Order 14114 of December 22, 2023,
‘‘Taking Additional Steps With Respect
to the Russian Federation’s Harmful
Activities’’ (E.O. 14114). OFAC has
Frm 00085
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2025–01578 Filed 1–22–25; 8:45 am]
The SDN List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website: https://ofac.treasury.gov.
PO 00000
1. OJSC KEREMET BANK, 40/4 Togolok
Moldo str, Bishkek 720001, Kyrgyzstan;
SWIFT/BIC RINBKG22; website https://
keremetbank.kg; Secondary sanctions risk:
See Section 11 of Executive Order 14024.;
BIK (RU) 136001; Target Type Financial
Institution; Tax ID No. 02012201010017
(Kyrgyzstan); Global Intermediary
Identification Number
NNNQ6K.99999.SL417 [RUSSIA–EO14024].
Designated pursuant to section 11(a)(ii) of
Executive Order 14024 of April 15, 2021,
‘‘Blocking Property With Respect To
Specified Harmful Foreign Activities of the
Government of the Russian Federation,’’ 86
FR 20249, 3 CFR, 2021 Comp., p. 542 (Apr.
15, 2021) (E.O. 14024) as amended by
Executive Order 14114 of December 22, 2023,
‘‘Taking Additional Steps With Respect to
the Russian Federation’s Harmful Activities,’’
88 FR 89271, 3 CFR, 2023 Comp., p. 721
(Dec. 22, 2023) (E.O. 14114) for having
conducted or facilitated any significant
transaction or transactions, or provided any
service, involving Russia’s military-industrial
base, including the sale, supply, or transfer,
directly or indirectly, to the Russian
Federation of any item or class of items as
may be determined by the Secretary of the
Treasury, in consultation with the Secretary
of State and the Secretary of Commerce.
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
(SDN List) based on OFAC’s
determination that one or more
SUMMARY:
E:\FR\FM\23JAN1.SGM
23JAN1
Agencies
[Federal Register Volume 90, Number 14 (Thursday, January 23, 2025)]
[Notices]
[Page 8090]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01578]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Action
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing the names of one or more persons that have
been placed on OFAC's Specially Designated Nationals and Blocked
Persons List (SDN List) based on OFAC's determination that one or more
applicable legal criteria were satisfied. All property and interests in
property subject to U.S. jurisdiction of this person is blocked, and
U.S. persons are generally prohibited from engaging in transactions
with them.
DATES: This action was issued on January 15, 2025. See SUPPLEMENTARY
INFORMATION section for relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Associate Director for Global
Targeting, 202-622-2420; Assistant Director for Sanctions Compliance,
202-622-2490 or https://ofac.treasury.gov/contact-ofac.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The SDN List and additional information concerning OFAC sanctions
programs are available on OFAC's website: https://ofac.treasury.gov.
Notice of OFAC Actions
On January 15, 2025, OFAC determined that the person identified
below meets one or more of the criteria for the imposition of sanctions
set forth in section 11(a) of Executive Order 14024 of April 15, 2021,
``Blocking Property With Respect To Specified Harmful Foreign
Activities of the Government of the Russian Federation,'' (E.O. 14024),
as amended by Executive Order 14114 of December 22, 2023, ``Taking
Additional Steps With Respect to the Russian Federation's Harmful
Activities'' (E.O. 14114). OFAC has determined to impose blocking
sanctions pursuant to section 11(b)(ii) of E.O. 14024, as amended by
E.O. 14114 on the person identified below, and therefore all of the
person's 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, are blocked, and such property and interests in property may
not be transferred, paid, exported, withdrawn, or otherwise dealt in.
Entity
1. OJSC KEREMET BANK, 40/4 Togolok Moldo str, Bishkek 720001,
Kyrgyzstan; SWIFT/BIC RINBKG22; website https://keremetbank.kg;
Secondary sanctions risk: See Section 11 of Executive Order 14024.;
BIK (RU) 136001; Target Type Financial Institution; Tax ID No.
02012201010017 (Kyrgyzstan); Global Intermediary Identification
Number NNNQ6K.99999.SL417 [RUSSIA-EO14024].
Designated pursuant to section 11(a)(ii) of Executive Order
14024 of April 15, 2021, ``Blocking Property With Respect To
Specified Harmful Foreign Activities of the Government of the
Russian Federation,'' 86 FR 20249, 3 CFR, 2021 Comp., p. 542 (Apr.
15, 2021) (E.O. 14024) as amended by Executive Order 14114 of
December 22, 2023, ``Taking Additional Steps With Respect to the
Russian Federation's Harmful Activities,'' 88 FR 89271, 3 CFR, 2023
Comp., p. 721 (Dec. 22, 2023) (E.O. 14114) for having conducted or
facilitated any significant transaction or transactions, or provided
any service, involving Russia's military-industrial base, including
the sale, supply, or transfer, directly or indirectly, to the
Russian Federation of any item or class of items as may be
determined by the Secretary of the Treasury, in consultation with
the Secretary of State and the Secretary of Commerce.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2025-01578 Filed 1-22-25; 8:45 am]
BILLING CODE 4810-AL-P