[Federal Register Volume 86, Number 46 (Thursday, March 11, 2021)]
[Notices]
[Pages 13956-13958]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05051]


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DEPARTMENT OF STATE

[Public Notice 11363]


Notice of Department of State Sanctions Action Pursuant to the 
Iran Freedom and Counter-Proliferation Act of 2012 (IFCA)

AGENCY: Department of State.

ACTION: Notice of sanctions action.

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SUMMARY: On October 19, 2020, Secretary of State Michael R. Pompeo 
determined that each of Reach Holding Group (Shanghai) Company Ltd., 
Reach Shipping Lines, Delight Shipping Co., Ltd., Gracious Shipping Co. 
Ltd., Noble Shipping Co. Ltd., and Supreme Shipping Co. Ltd. met the 
criteria for sanctions set forth in section 1244(d)(1)(A) of the Iran 
Freedom and Counter-Proliferation Act of 2012 (IFCA), and selected 
sanctions described in section 6(a) of the Iran Sanctions Act of 1996 
(ISA) to be imposed with respect to these persons.
    On the same date, Secretary Pompeo also determined that Eric Chen 
is a principal executive officer, or person performing similar 
functions and with similar authorities, of Reach Holding Group 
(Shanghai) Company Ltd. and Reach Shipping Lines, and that Daniel Y. He 
is a principal executive officer, or person performing similar 
functions and with similar authorities, of Reach Holding Group 
(Shanghai) Company Ltd. for the purposes of section 6(a)(11) of ISA, 
and selected sanctions described in section 6(a) of ISA to be imposed 
with respect to these persons.

DATES: The Secretary of State's determinations and selection of certain 
sanctions to be imposed upon the entities and individuals identified in 
the SUPPLEMENTARY INFORMATION section were effective on October 19, 
2020.

[[Page 13957]]


FOR FURTHER INFORMATION CONTACT: Office of Counterproliferation 
Initiatives, Bureau of International Security and Nonproliferation, 
Department of State, Washington, DC 20520, tel.: 202-736-7065, or [email protected].

SUPPLEMENTARY INFORMATION: Pursuant to section 1244(d)(1)(A) of IFCA 
and Presidential Memorandum of June 3, 2013 (``Delegation of Certain 
Functions and Authorities Under the Iran Freedom and Counter-
Proliferation Act of 2012''), the Secretary of State, in consultation 
with the Secretaries of the Treasury and Commerce and the United States 
Trade Representative, and with the Secretary of Homeland Security, the 
President of the Export-Import Bank of the United States, and the 
Chairman of the Board of Governors of the Federal Reserve System and 
other agencies as appropriate, shall impose five or more of the 
sanctions described in section 6(a) of ISA with respect to a person if 
the Secretary of State determines that the person knowingly, on or 
after the date that is 180 days after the enactment of IFCA, sells, 
supplies, or transfers to or from Iran goods or services described in 
section 1244(d)(3) of IFCA, subject to certain exceptions. Goods or 
services described in section 1244(d)(3) of IFCA are significant goods 
or services used in connection with the energy, shipping, or 
shipbuilding sectors of Iran, including the National Iranian Oil 
Company, the National Iranian Tanker Company, and the Islamic Republic 
of Iran Shipping Lines.
    On October 19, 2020, the Secretary of State determined that each of 
Reach Holding Group (Shanghai) Company Ltd., Reach Shipping Lines, 
Delight Shipping Co., Ltd., Gracious Shipping Co. Ltd., Noble Shipping 
Co. Ltd. and Supreme Shipping Co. Ltd. met the criteria for the 
imposition of sanctions pursuant to section 1244(d)(1)(A) of IFCA.
    The Secretary of State approved the imposition of the following 
sanctions under sections 6(a)(3), (6), (7), (8), (9) and (11) of ISA 
with respect to Reach Holding Group (Shanghai) Company Ltd. and Reach 
Shipping Lines:
     The United States Government may prohibit any United 
States financial institution from making loans or providing credits to 
any sanctioned person totaling more than $10,000,000 in any 12-month 
period unless such person is engaged in activities to relieve human 
suffering and the loans or credits are provided for such activities.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any transactions in foreign exchange 
that are subject to the jurisdiction of the United States and in which 
the sanctioned person has any interest.
     The President may, pursuant to such regulations as the 
President may prescribe, 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 
the sanctioned person.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any person from acquiring, holding, 
withholding, using, transferring, withdrawing, transporting, importing, 
or exporting any property that is subject to the jurisdiction of the 
United States and with respect to which the sanctioned person has any 
interest; dealing in or exercising any right, power, or privilege with 
respect to such property; or conducting any transaction involving such 
property.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any United States person from 
investing in or purchasing significant amounts of equity or debt 
instruments of a sanctioned person.
     The President may impose on the principal executive 
officer or officers of any sanctioned person, or on persons performing 
similar functions and with similar authorities as such officer or 
officers, any of the sanctions under section 6(a) of ISA.
    In addition, the Secretary of State approved the imposition of the 
following sanctions under sections 6(a)(3), (6), (7), (8), and (9) of 
ISA with respect to Delight Shipping Co., Ltd., Gracious Shipping Co. 
Ltd., Noble Shipping Co. Ltd. and Supreme Shipping Co. Ltd.:
     The United States Government may prohibit any United 
States financial institution from making loans or providing credits to 
any sanctioned person totaling more than $10,000,000 in any 12-month 
period unless such person is engaged in activities to relieve human 
suffering and the loans or credits are provided for such activities.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any transactions in foreign exchange 
that are subject to the jurisdiction of the United States and in which 
the sanctioned person has any interest.
     The President may, pursuant to such regulations as the 
President may prescribe, 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 
the sanctioned person.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any person from acquiring, holding, 
withholding, using, transferring, withdrawing, transporting, importing, 
or exporting any property that is subject to the jurisdiction of the 
United States and with respect to which the sanctioned person has any 
interest; dealing in or exercising any right, power, or privilege with 
respect to such property; or conducting any transaction involving such 
property.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any United States person from 
investing in or purchasing significant amounts of equity or debt 
instruments of a sanctioned person.
    In addition, the Secretary of State determined that Eric Chen is a 
principal executive officer, or person performing similar functions and 
with similar authorities, of Reach Holding Group (Shanghai) Company 
Ltd. and Reach Shipping Lines, and that Daniel Y. He is a principal 
executive officer, or person performing similar functions and with 
similar authorities, of Reach Holding Group (Shanghai) Company Ltd. for 
the purposes of section 6(a)(11) of ISA, and approved the imposition of 
the following sanctions under sections 6(a)(3), (6), (7), (8), and (9) 
of ISA with respect to Eric Chen and Daniel Y. He:
     The United States Government may prohibit any United 
States financial institution from making loans or providing credits to 
any sanctioned person totaling more than $10,000,000 in any 12-month 
period unless such person is engaged in activities to relieve human 
suffering and the loans or credits are provided for such activities.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any transactions in foreign exchange 
that are subject to the jurisdiction of the United States and in which 
the sanctioned person has any interest.
     The President may, pursuant to such regulations as the 
President may prescribe, 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 
the sanctioned person.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any person from

[[Page 13958]]

acquiring, holding, withholding, using, transferring, withdrawing, 
transporting, importing, or exporting any property that is subject to 
the jurisdiction of the United States and with respect to which the 
sanctioned person has any interest; dealing in or exercising any right, 
power, or privilege with respect to such property; or conducting any 
transaction involving such property.
     The President may, pursuant to such regulations as the 
President may prescribe, prohibit any United States person from 
investing in or purchasing significant amounts of equity or debt 
instruments of a sanctioned person.
    In addition, pursuant to section 6(a)(10) of ISA, the President may 
direct the Secretary of State to deny a visa to, and the Secretary of 
Homeland Security to exclude from the United States, any alien that the 
President determines is a corporate officer or principal of, or a 
shareholder with a controlling interest in, a sanctioned person subject 
to this action.

Zachary A. Parker,
Director, Office of Directives Management.
[FR Doc. 2021-05051 Filed 3-10-21; 8:45 am]
BILLING CODE 4710-27-P