SUPPLEMENTARY INFORMATION:

Pursuant to Section 3(a) of E.O. 13846, the Secretary of State, in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, and with the President of the Export-Import Bank, the Chairman of the Board of Governors of the Federal Reserve System, and other agencies and officials as appropriate, is authorized to impose on a person any of the sanctions described in section 4 or 5 of E.O. 13846 upon determining that the person met any criteria set forth in sections 3(a)(i)—3(a)(vi) of E.O. 13846.

The Secretary of State has determined, pursuant to Section 3(a)(ii) of E.O. 13846, that Vietnam Gas and Chemicals Transportation Corporation has knowingly, on or after November 5, 2018, engaged in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum products from Iran.

Pursuant to Section 5(a) of E.O. 13846, the Secretary of State has selected the following sanctions to be imposed upon Vietnam Gas and Chemicals Transportation Corporation:

• Prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which the entities have 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 the entities;
• 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of the entities, and provide that such property and interests in property may not be transferred, paid, exported, withdrawn, or otherwise dealt in;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 the entities;
• Restrict or prohibit imports of goods, technology, or services, directly or indirectly, into the United States from the entities; and
• Impose on the principal executive officer or officers, or persons performing similar functions and with similar authorities, of the entities the sanctions described in sections 5(a)(i)-5(a)(iv) and 5(a)(vi) ofE.O. 13846, as selected by the Secretary of State.

Pursuant to Sections 4(e) and 5(a) of E.O. 13846, the Secretary of State has selected the following sanctions to be imposed upon, Vo Ngoc Phung, who has been determined to be (i) a corporate officer or principal of the aforementioned entities and (ii) a principal executive officer of the aforementioned entities, or perform similar functions with similar authorities as a principal executive officer:

• Prohibit any transactions in foreign exchange that are subject to the jurisdiction of the United States and in which, Vo Ngoc Phung, 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, Vo Ngoc Phung;
• 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, Vo Ngoc Phung; 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 Vo Ngoc Phung.

Additionally, pursuant to Section 4(e) of E.O. 13846, the Secretary of State shall deny a visa to, and the Secretary of Homeland Security shall exclude from the United States, any alien that the Secretary of State determines is a corporate officer or principal of, or a shareholder with a controlling interest ( printed page 5310) in, a sanctioned person subject to this action.

86 FR 5309