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921. What is the purpose of Executive Order (E.O.) of August 20, 2021, “Blocking Property with Respect to Certain Russian Energy Export Pipelines”?
The Protecting Europe’s Energy Security Act of 2019, 22 U.S.C. 9526 note, as amended (PEESA), requires the imposition of sanctions with respect to the provision of vessels engaged in specified activities for the construction of certain Russian energy export pipelines, including the Nord Stream 2 pipeline project, the TurkStream pipeline project, or any project that is a successor to either such project. E.O. of August 20, 2021, issued under the International Emergency Economic Powers Act (IEEPA), authorizes the Secretary of the Treasury and the Secretary of State to further implement those sanctions and directs agencies of the United States government to take all appropriate measures within their authority to ensure the full implementation of those sanctions.
Among other things, E.O. of August 20,...
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1) See comments to PEESA General License Number 1A and FAQ # 895, concerning the prior applicability of the "import exception" to dealings with persons blocked solely pursuant to PEESA.