Sergey Nazarov is being designated for materially assisting, sponsoring, or providing financial, material, or technological support for, or goods and services in support of, the DPR and LPR. He is the chairman of the Interagency Commission for Humanitarian Assistance in the Donbass Republics (the “Interagency Commission”), which is nominally dedicated to providing humanitarian assistance to the Donetsk and Luhansk regions but in actuality also oversees projects in the transportation, trade, energy, tax, and financial sectors. The Russian government, through Nazarov and the Interagency Commission, has exercised economic control in the Donetsk and Luhansk regions. In addition to his activities in Donetsk and Luhansk, Nazarov has also worked to encourage international investment in Crimea. Nazarov, the Deputy Minister of Economic Development of the Russian Federation, is also being designated pursuant to E.O. 13661 as an official of the Government of the Russian Federation.
Executive Order 13660 of March 6, 2014 Blocking Property of Certain Persons Contributing to the Situation in Ukraine
Regime
OFAC country specific
Target State
Russia
Measures
Blocking Property, Suspending Entry
Official Information
E.O. 13660. On March 6, 2014, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701et seq.) (IEEPA), issued E.O. 13660. In E.O. 13660, the President determined that the actions and policies of persons, including persons who have asserted governmental authority in the Crimean region without the authorization of the Government of Ukraine, that undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, constitute an unusual and extraordinary threat to the national security and foreign policy of the United States, and declared a national emergency to deal with that threat.
Section 1(a) of E.O. 13660 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any U.S. person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, be responsible for or complicit in actions or policies that undermine democratic processes or institutions in Ukraine or threaten the peace, security, stability, sovereignty, or territorial integrity of Ukraine.
