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OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR part 587
Protecting Europe’s Energy Security Act of 2019 22 U.S.C. 9526 note, as Amended
GENERAL LICENSE NO. 1B
Authorizing Certain Activities Involving Federal State Budgetary Institution Marine Rescue Service
(a) Except as provided in paragraph (b) of this general license, all transactions and activities prohibited by Executive Order (E.O.) 14039, E.O. 14024, or the Protecting Europe’s Energy Security Act of 2019, 22 U.S.C. 9526 note, as amended (PEESA), involving Federal State Budgetary Institution Marine Rescue Service (MRS), or any entity in which MRS owns, directly or indirectly, a 50 percent or greater interest, that are not related to the construction of the Nord Stream 2 pipeline project, the TurkStream pipeline project, or any project that is a...
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1) Read in conjunction with FAQ # 894.
2) The phrase “related to the construction of the Nord Stream 2 pipeline project, the TurkStream pipeline project” may result in some tricky interpretive situations. “Related to” is always difficult to pin down, but it should be assumed that, at a minimum, that would include all activity that is within the scope of “sanctionable” conduct under PEESA.
3) This GL was amended on August 20, 2021, to account for the issuance of EO 14039 (Executive Order on Blocking Property with Respect to Certain Russian Energy Export Pipelines). Prior to August 20, 2021, the "Federal State Budgetary Institution Marine Rescue Service" (MRS) was a non-SDN, blocked pursuant to PEESA. See...