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[REPEALED AND/OR SUPERSEDED]
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§ 586.204 Prohibited new investment within Serbia.
Except as otherwise provided in regulations, orders, directives, or licenses that may hereafter be issued pursuant to this order, all new investment in the territory of the Republic of Serbia by United States persons, and the approval or other facilitation by United States persons of other persons’ new investment in the territory of the Republic of Serbia, are prohibited.
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§ 586.312 New investment.
The term new investment means the acquisition of debt or equity interests in, a commitment or contribution of funds or other assets to, or a loan or other extension of credit to, a public or private undertaking, entity, or project, including the Government of the Republic of Serbia, other than donations of funds to charitable organizations for purely humanitarian purposes.
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§ 586.408 Exempt financial transactions within the...
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1) In re: 586.409
This provision interpreted 586.204 of the now-repealed FRY (S&M) Kosovo Sanctions Regulations. 586.204 provided as follows:
§ 586.204 Prohibited new investment within Serbia.
Except as otherwise provided in regulations, orders, directives, or licenses that may hereafter be issued pursuant to this order, all new investment in the territory of the Republic of Serbia by United States persons, and the approval or other facilitation by United States persons of other persons’ new investment in the territory of the Republic of Serbia, are prohibited.
This is a combination of the sort of "new investment" prohibition seen in modern sanctions regulations with a built in "facilitation" prohibition for a sanctions program that did not otherwise contain a separate facilitation prohibition. The interpretive provision remains notable for a few reasons.
First, it makes a statement concerning "facilitation" in...