Determination Pursuant to Section 1(a)(i) of Executive Order 14024 (Effective May 8, 2022)

Date issued: May. 08 2022

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TURBOFAC Commentary (202 words)

Notes:

1) Refer to section 3(b) of the comments to EO 14024 and, more generally, General Note on "Sectoral Sanctions" and Determinations Made Pursuant to EOs Providing for the Blocking of Persons Determined to "Operate In" a Certain Sector. Note that as of 2-25-23 OFAC has not used this designation criterion in a way that would merit inclusion in the Research System as a "quasi-secondary sanctions" enforcement action (refer to Introductory Note Common to all Derivative Designation Notices Included in the Research System).

2) Separately, but concurrent with this designation, the Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (Effective May 8, 2022) determined "that the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to the following categories of services: accounting, trust and corporate formation, and management consulting". That determination has the...