![US Lifts Sanctions From Czech Nuclear Firm After Acquisition From Russia's OMZ - Treasury](https://photo-cdn.urdupoint.com/media/2023/05/_2/740x404/pic_1683915289.jpg)
- Home
- World
- News
- US Lifts Sanctions From Czech Nuclear Firm After Acquisition From Russia's OMZ - Treasury
US Lifts Sanctions From Czech Nuclear Firm After Acquisition From Russia's OMZ - Treasury
Umer Jamshaid Published May 12, 2023 | 11:14 PM
![US Lifts Sanctions From Czech Nuclear Firm After Acquisition From Russia's OMZ - Treasury](https://photo-cdn.urdupoint.com/media/2023/05/_2/740x404/pic_1683915289.jpg)
The United States removed Skoda JS, a Czech nuclear servicing and engineering company, from its sanctions list after it was fully acquired by Czech conglomerate CEZ Group from Russian heavy industry and manufacturing group OMZ in November, the US Office of Foreign Assets Control (OFAC) announced on Friday
WASHINGTON (UrduPoint News / Sputnik - 12th May, 2023) The United States removed Skoda JS, a Czech nuclear servicing and engineering company, from its sanctions list after it was fully acquired by Czech conglomerate CEZ Group from Russian heavy industry and manufacturing group OMZ in November, the US Office of Foreign Assets Control (OFAC) announced on Friday.
"The following deletion has been made to OFAC's Sectoral Sanctions Identifications List: SKODA JS A.S., Orlik 266, Plzen - mesto PSC 316 06, Plzen, Czech Republic; Executive Order 13662 Directive Determination - Subject to Directive 1; Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations," OFAC said.
Skoda JS became part of OMZ in 2004 and was indirectly owned by Gazprombank, which controls OMZ.
CEZ Group began acquiring Skoda JS from OMZ in March 2022 in light of Russia's special military operation in Ukraine and completed the process in late November.
Following the imposition of sanctions by the United States on Gazprombank in connection with the special operation in Ukraine, Skoda JS also fell under restrictions that could significantly affect deliveries of key supplies to Czech nuclear plants, operated by CEZ.
In March, a CEZ spokesman said that the Czech Republic intends to replace Russian nuclear fuel used at the Dukovany nuclear power plant (NPP) with the one produced and supplied by US company Westinghouse starting from 2024, following a similar decision with regard to the Temelin NPP.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From World
-
Biden talks Gaza ceasefire efforts with king of Jordan
5 hours ago -
Sinaloa Cartel co-founder pleads not guilty after stunning US capture
5 hours ago -
Panama says Venezuela blocked ex-presidents going to observe polls
5 hours ago -
Ethiopia mourns victims of landslide tragedy
6 hours ago -
Khan Yunis fighting displaces 180,000 Gazans in four days: UN
6 hours ago -
Trump slams rivals as he meets Netanyahu in Florida
6 hours ago
-
Obama & his wife, Michelle, officially endorse US VP Kamala Harris for president
6 hours ago -
Rain, cooling slow huge blaze in Canada's Jasper park
6 hours ago -
Airbus and Boeing supremacy secure despite turbulence
6 hours ago -
S.African police detain 95 Libyans at suspected military camp
6 hours ago -
'Slapping therapist' guilty over UK diabetic woman's death
7 hours ago -
Panama says Venezuela blocked flight of ex-presidents going to observe polls
7 hours ago