Lunar Property Sales To Russian Entities Banned By US Sanctions

US Treasury Department Seal (Image)

Based upon sanctions announced today by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and in order to fully comply with the provisions of the Space Resource Exploration and Utilization Act of 2015, Luna Society International (LSI) has frozen all current holdings and will discontinue registering property claims on the Moon for all Russian entities designated in the sanctions, effective immediately.

According to LSI records, three entities designated by name or otherwise affiliated with persons or entities listed in the sanctions currently hold claims to properties on the Moon:

  • EuroSibEnergo
  • Gazprom Burenie, OOO
  • Renova Group

All holdings by these entities or their designated agents and/or assignees are immediately frozen in compliance with the sanctions. Additionally, non-U.S. persons could face sanctions for knowingly facilitating significant transactions for or on behalf of the individuals or entities blocked today.

Luna Society International is a private United States commercial space resource utilization entity which is held by persons other than a Federal, State, local, or foreign government and is duly organized under the laws of the United States and subject to the subject matter and personal jurisdiction of the courts of the United States, in compliance with Subtitle V of Title 51, United States Code, as defined in § 51301(4).

 Full press release from the United States Department of Treasury

 

1 Comment

  1. Please note that Lunar land claims and property ownership by unaffiliated Russian citizens are not prohibited by these sanctions, and have continued without restriction. All purchases by any entity (individual or business) are subject to review by the International Lunar Lands Registry and the U.S. Department of the Treasury’s Office of Foreign Assets Control.

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