MRIYA RESORT & SPA

9, Generala Ostryakova Street, Opolznevoye Village, Yalta, 298685, Crimea, Ukraine

The Mriya Resort and Spa is being designated for operating in the Crimea region of Ukraine and because it is owned or controlled by, directly or indirectly, Limited Liability Company Garant-SV, an entity that operates in the Crimea region of Ukraine. The Mriya Resort and Spa is a major private investment project and five-star luxury hotel complex located on the South Shore of Crimea in the city of Yalta. The Mriya Resort and Spa is the venue for the Yalta International Economic Forum (YIEF), which is an annual business event held in the so-called “Republic of Crimea” that is the main Russian platform for showcasing investment opportunities in Crimea. Russia’s largest bank, Sberbank, invested about $300 million into the construction and development of the project. Mriya Resort and Spa is owned by Liability Company Garant-SV, an entity that is ultimately owned by Sberbank. OFAC added Sberbank to the Sectoral Sanctions Identification List on September 12, 2014, identifying it as subject to the debt and equity financing restrictions in Directive 1. Limited Liability Company Garant-SV is the direct owner of the Mriya Resort and Spa in Yalta, Crimea, and is being designated because it operates in the Crimea region of Ukraine.

US

https://home.treasury.gov/news/press-releases/sm543

2018-11-08

US

Executive Order 13685 of December 19, 2014 Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to the Crimea Region of Ukraine

OFAC country specific

Russia

Trade sanctions

E.O. 13685. On December 19, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13685 (“Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to the Crimea Region of Ukraine”). In E.O. 13685, the President took additional steps to address the Russian occupation of the Crimea region of Ukraine, and with respect to the national emergency declared in E.O. 13660 and expanded by E.O.s 13661 and 13662. Section 1(a) of E.O. 13685 prohibits, among other things, new investment in the Crimea region of Ukraine by a United States person, and the importation into, or exportation from, the United States, directly or indirectly, of any goods, services, or technology from or to the Crimea region of Ukraine. Section 2(a) of E.O. 13685 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 United States person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to meet certain criteria.

SDN