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§ 589.325 Metals and mining sector of the Russian Federation economy.
The term metals and mining sector of the Russian Federation economy includes any act, process, or industry of extracting, at the surface or underground, ores, coal, precious stones, or any other minerals or geological materials in the Russian Federation, or any act of procuring, processing, manufacturing, or refining such geological materials, or transporting them to, from, or within the Russian Federation.
1) This definitional provision was implemented into the URSR in 5-2-2022, and is novel in the sense that the substance does not reproduce prior-issued guidance. The provision is relevant for the purposes of OFAC's designations and SSI List additions under EO 13661 and EO 13662 (i.e. the provisions therein that allow for the imposition of sanctions on persons "operating in" certain sectors of the Russian economy).