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Notice of OFAC Sanctions Action

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the removal of an entity currently on OFAC's Sectoral Sanctions Identifications List ...

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Department of the Treasury

Office of Foreign Assets Control

AGENCY:

Office of Foreign Assets Control, Treasury.

ACTION:

Notice.

SUMMARY:

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the removal of an entity currently on OFAC's Sectoral Sanctions Identifications List (SSI List) based on OFAC's determination that one or more applicable legal criteria were satisfied.

DATES:

This action was issued on October 30, 2024. See SUPPLEMENTARY INFORMATION for relevant dates.

FOR FURTHER INFORMATION CONTACT:

OFAC: Associate Director for Global Targeting, 202-622-2420 or https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

The SSI List and additional information concerning OFAC sanctions programs are available on OFAC's website: https://ofac.treasury.gov.

Notice of OFAC Action

On October 30, 2024, OFAC removed from the SSI List the entity listed below, who was subject to the prohibitions of Directive 1 imposed pursuant to E.O. 13662.

Entity

1. PROMINVESTBANK (a.k.a. COMMERCIAL INDUSTRIAL AND INVESTMENT BANK PUBLIC JOINT STOCK COMPANY; a.k.a. JOINT STOCK COMMERCIAL INDUSTRIAL AND INVESTMENT BANK PUBLIC JOINT STOCK COMPANY; a.k.a. PSC PROMINVESTBANK; a.k.a. PUBLIC STOCK COMPANY JOINT STOCK COMMERCIAL INDUSTRIAL AND INVESTMENT BANK), 12, Shevchenko lane, Kyiv 01001, Ukraine; SWIFT/BIC UPIBUAUX; website pib.ua; Executive Order 13662 Directive Determination—Subject to Directive 1; Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209; Organization Established Date 26 Aug 1992; Target Type Financial Institution; Registration Number 00039002 (Ukraine); All offices worldwide; for more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives. [UKRAINE-EO13662] (Linked To: STATE CORPORATION BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS VNESHECONOMBANK).

Lisa M. Palluconi,

Acting Director, Office of Foreign Assets Control.

[FR Doc. 2024-26666 Filed 11-14-24; 8:45 am]

BILLING CODE 4810-AL-P

Legal Citation

Federal Register Citation

Use this for formal legal and research references to the published document.

89 FR 90394

Web Citation

Suggested Web Citation

Use this when citing the archival web version of the document.

“Notice of OFAC Sanctions Action,” thefederalregister.org (November 15, 2024), https://thefederalregister.org/documents/2024-26666/notice-of-ofac-sanctions-action.