No. If a person is listed on OFAC’s Non-SDN Menu-Based Sanctions List (NS-MBS List) as subject to only a combination of the sanctions described in section 235(a)(1-8) and (10-11) of CAATSA, as implemented by Executive Order (E.O.) 13849, these non-blocking sanctions do not apply to an entity owned 50 percent or more, individually or in the aggregate, directly or indirectly, by such sanctioned person or persons, unless OFAC separately lists the owned entity on the NS-MBS List as subject to the same sanctions.
However, section 235(a)(9) of CAATSA, as implemented by section 1(a)(iv) of E.O. 13849, blocks the property and interests in property of the sanctioned person, and a person subject to that sanction will be added to OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List). The property and interests in property of persons on the SDN List are blocked, and any entity owned 50 percent or more, individually or in the aggregate, directly or indirectly, by blocked persons is itself blocked, as described in OFAC’s 50 Percent Rule.
Individuals sanctioned under section 235(a)(12) of CAATSA (Sanctions on Principal Executive Officers), as implemented by section 1(a)(vi) of E.O. 13849, may be subject to any of the sanctions described in section 235(a). To the extent that the sanctions selected are solely non-blocking sanctions, such person will be listed on the NS-MBS List. Conversely, if the sanctioned individual is subject to the sanction described in section 235(a)(9), the individual is blocked and placed on the SDN List, and the 50 Percent Rule applies.