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OFFICE OF FOREIGN ASSETS CONTROL
DETERMINATION PURSUANT TO SECTION 1(a)(ii) OF EXECUTIVE ORDER 14071
Prohibitions on Certain Services for the Acquisition of Aluminum, Copper, or Nickel of Russian Federation Origin
Pursuant to sections 1(a)(ii), 1(b), and 5 of Executive Order (E.O.) 14071 of April 6, 2022 (“Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression”) and 31 CFR § 587.802, and in consultation with the Department of State, I hereby determine that the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to the following categories of services: warranting services for aluminum, copper, or nickel of Russian Federation origin on a global metal exchange; and services to acquire aluminum, copper, or nickel of Russian Federation origin as part of physical settlement of a derivative contract (collectively, “Covered Metals Acquisition Services”).
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1) On 4-12-24, OFAC issued two determinations related to “aluminum, copper, and nickel of Russian Federation origin,” i.e. the 4-12-24 Import Determination and the 4-12-24 Services Determination (this). For consolidated comment on the two, see Consolidated Comment on the 4-12-23 Aluminum, Copper, and Nickel-Related Service and Import Prohibitions (System Ed. Note).