Targets major companies operating in specified sectors of the Russian economy, including financial services, energy, and defence and related materiel. Listed persons are not blocked; instead, sectoral directives prohibit US persons from dealing in their new debt beyond specified maturities and, for financial-sector entities, their new equity. A further directive bars supplying goods, services, or technology in support of deepwater, Arctic offshore, or shale oil projects involving listed energy companies. The applicable restrictions vary according to the directive under which a person is listed.
