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Current as of January 01, 2024 | Updated by Findlaw Staff
(a)In general
The President, in coordination with allies of the United States, may impose five or more of the sanctions described in section 9529 of this title with respect to a person if the President determines that the person knowingly, on or after August 2, 2017, makes an investment described in subsection (b) or sells, leases, or provides to the Russian Federation, for the construction of Russian energy export pipelines, goods, services, technology, information, or support described in subsection (c)--
(1) any of which has a fair market value of $1,000,000 or more; or
(2) that, during a 12-month period, have an aggregate fair market value of $5,000,000 or more.
(b)Investment described
An investment described in this subsection is an investment that directly and significantly contributes to the enhancement of the ability of the Russian Federation to construct energy export pipelines.
(c)Goods, services, technology, information, or support described
Goods, services, technology, information, or support described in this subsection are goods, services, technology, information, or support that could directly and significantly facilitate the maintenance or expansion of the construction, modernization, or repair of energy export pipelines by the Russian Federation.
Cite this article: FindLaw.com - 22 U.S.C. § 9526 - U.S. Code - Unannotated Title 22. Foreign Relations and Intercourse § 9526. Sanctions with respect to the development of pipelines in the Russian Federation - last updated January 01, 2024 | https://codes.findlaw.com/us/title-22-foreign-relations-and-intercourse/22-usc-sect-9526/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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