[Federal Register Volume 84, Number 158 (Thursday, August 15, 2019)]
[Notices]
[Pages 41802-41803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17538]


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DEPARTMENT OF STATE

[Public Notice: 10836]


Notice of Department of State Sanctions Actions Pursuant to 
Executive Order 13846 of August 6, 2018

SUMMARY: The Secretary of State has determined, in consultation with 
the heads of relevant agencies, that the Chinese entity Zhuhai Zhenrong 
Company Limited (Zhuhai Zhenrong), has knowingly, on or after November 
5, 2018, engaged in a significant transaction for the purchase, 
acquisition, sale, transport, or marketing of petroleum or petroleum 
products from Iran. The Secretary of State has selected certain 
sanctions to be imposed upon Zhuhai Zhenrong and Youmin Li, Zhuhai 
Zhenrong's Executive Director and General Manager, who has been 
determined to be (i) a corporate officer or principal of Zhuhai 
Zhenrong and (ii) a principal executive officer of Zhuhai Zhenrong, or 
to perform similar functions with similar authorities as such an 
officer.

DATES: The Secretary of State's determination that Zhuhai Zhenrong has 
knowingly, on or after November 5, 2018, engaged in a significant 
transaction for the purchase, acquisition, sale, transport, or 
marketing of petroleum or petroleum products from Iran, and the 
Secretary of State's selection of certain sanctions to be imposed upon 
Zhuhai Zhenrong and Youmin Li, are effective on September 16, 2019.

FOR FURTHER INFORMATION CONTACT: Taylor Ruggles, Director, Office of 
Economic Sanctions Policy and Implementation, Bureau of Economic and 
Business Affairs, Department of State, Washington, DC 20520, tel.: 
(202) 647-7677, email: [email protected].

SUPPLEMENTARY INFORMATION: 
    Background: Pursuant to section 3(a)(ii) of E.O. 13846, the 
Secretary of State has selected the following sanctions to be imposed 
upon Zhuhai Zhenrong:
     Prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which Zhuhai 
Zhenrong has any interest;

[[Page 41803]]

     Prohibit any transfers of credit or payments between 
financial institutions or by, through, or to any financial institution, 
to the extent that such transfers or payments are subject to the 
jurisdiction of the United States and involve any interest of Zhuhai 
Zhenrong;
     Block all property and interests in property that are in 
the United States, that hereafter come within the United States, or 
that are or hereafter come within the possession or control of any 
United States person of Zhuhai Zhenrong, and provide that such property 
and interests in property may not be transferred, paid, exported, 
withdrawn, or otherwise dealt in;
     Prohibit any United States person from investing in or 
purchasing significant amounts of equity or debt instruments of Zhuhai 
Zhenrong;
     Restrict or prohibit imports of goods, technology, or 
services, directly or indirectly, into the United States from Zhuhai 
Zhenrong; and
     Impose on the principal executive officer or officers, or 
persons performing similar functions and with similar authorities, of 
Zhuhai Zhenrong the sanctions described in sections 5(a)(i)-5(a)(iv) 
and 5(a)(vi) of E.O. 13846, as selected by the Secretary of State (as 
described below).
    Pursuant to sections 4(e) and 5(a)(vii) of E.O. 13846, the 
Secretary of State has selected the following sanctions to be imposed 
upon Youmin Li, Zhuhai Zhenrong's Executive Director and General 
Manager, who has been determined to be (i) a corporate officer or 
principal of Zhuhai Zhenrong and (ii) a principal executive officer of 
Zhuhai Zhenrong, or to perform similar functions with similar 
authorities as such an officer:
     The Secretary of State shall deny a visa to, and the 
Secretary of Homeland Security shall exclude from the United States, 
Youmin Li;
     Prohibit any transactions in foreign exchange that are 
subject to the jurisdiction of the United States and in which Youmin Li 
has any interest;
     Prohibit any transfers of credit or payments between 
financial institutions or by, through, or to any financial institution, 
to the extent that such transfers or payments are subject to the 
jurisdiction of the United States and involve any interest of Youmin 
Li;
     Block all property and interests in property that are in 
the United States, that hereafter come within the United States, or 
that are or hereafter come within the possession or control of any 
United States person of Youmin Li, and provide that such property and 
interests in property may not be transferred, paid, exported, 
withdrawn, or otherwise dealt in; and
     Restrict or prohibit imports of goods, technology, or 
services, directly or indirectly, into the United States from Youmin 
Li.

Manisha Singh,
Assistant Secretary, Bureau of Economic and Business Affairs, 
Department of State.
[FR Doc. 2019-17538 Filed 8-14-19; 8:45 am]
 BILLING CODE 4710-AE-P