Sanctionable activity by foreign financial institutions on behalf of Russian persons included
on the SDN List. The Secretary of the Treasury, in consultation with the Secretary of State, may
determine that a foreign financial institution has, on or after September 1, 2017, knowingly facilitated a
significant financial transaction on behalf of any Russian person included on OFAC's SDN List
pursuant to UFSA, E.O. 13660, E.O. 13661, E.O. 13662, or any other Executive order addressing the
crisis in Ukraine.
(d) Imposition of sanctions on foreign financial institutions. Upon determining that a foreign