• DETERMINATION PURSUANT TO SECTION 1(a)(ii) OF EXECUTIVE ORDER 14071
Prohibition on Petroleum Services
Pursuant to sections 1(a)(ii), 1(b), and 5 of Executive Order (E.O.) 14071 of April 6, 2022 (“Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression”) and 31 CFR § 587.802, and in consultation with the Department of State, I hereby determine that the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to the following category of services: petroleum services.
As a result, the following activities are prohibited, except to the extent provided by law, or unless licensed or otherwise authorized by the Office of Foreign Assets Control:
The exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of petroleum services to any person located in the Russian Federation. This determination excludes the following:
(1) any petroleum services related to isotopes derived from petroleum manufacturing that are used for medical, agricultural, or environmental purposes, such as Carbon-13;
(2) certain covered services related to the maritime transport of crude oil and petroleum products of Russian Federation origin, provided that such crude oil or petroleum products are purchased at or below the relevant determined price caps, as specified in:
- the Determination Pursuant to Sections 1(a)(ii), 1(b), and 5 of Executive Order 14071, Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin;
- the Determination Pursuant to Sections 1(a)(ii), 1(b), and 5 of Executive Order 14071, Prohibitions on Certain Services as They Relate to the Maritime Transport of Petroleum Products of Russian Federation Origin;
- the Determination Pursuant to Sections 1(a)(ii), 1(b), and 5 of Executive Order 14071, Price Cap on Crude Oil of Russian Federation Origin;
- and the Determination Pursuant to Sections 1(a)(ii), 1(b), and 5 of Executive Order 14071, Price Cap on Petroleum Products of Russian Federation Origin;
(3) any service in connection with the wind down or divestiture of an entity located in the Russian Federation that is not owned or controlled, directly or indirectly, by a Russian person.
This determination shall take effect beginning at 12:01 a.m. eastern standard time on February 27, 2025.
Executive Order 14071 Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression
Regime
OFAC country specific
Target State
Russia
Official Information
The Russian Harmful Foreign Activities Sanctions program may represent the implementation of multiple legal authorities. Some of these authorities are in the form of executive orders issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are published in the Code of Federal Regulations (CFR). Modifications to these regulations are posted in the Federal Register.
