22 USC 9526 – Sanctions with respect to the development of pipelines in the Russian Federation
(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
Terms Used In 22 USC 9526
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
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.