{"data":{"id":"us/31-cfr-589.412","jurisdiction":"us","citation":"31 CFR 589.412","heading":"Projects owned, or to which a majority of voting rights are held, by one or more persons subject to § 589.205.","body":"The prohibitions in § 589.205(b) apply to projects owned 33 percent or more, or to projects in which a majority of voting interests are held, individually or in the aggregate, by one or more persons subject to § 589.205, their property, or their interests in property, including entities owned 50 percent or more by one or more persons subject to § 589.205.\nExample 1 to § 589.412:\nIf two entities that are each subject to § 589.205 each hold a 20 percent ownership interest in Project X, or together own a majority of the voting interests in Project X, then the prohibition in § 589.205(b) applies to Project X.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY","PART 589—UKRAINE-/RUSSIA-RELATED SANCTIONS REGULATIONS","Subpart D—Interpretations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"a762d45eb89725608a55ee5a67a14501abea09aaac09ddd2833cbad5355a0696","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-589.411","next":"us/31-cfr-589.413"},"notice":"GroundRules: Original legal text. Not legal advice."}