Publication of Ukraine-Related Web General License 15 and Subsequent Iterations, 40310-40316 [2021-15669]
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Federal Register / Vol. 86, No. 142 / Wednesday, July 28, 2021 / Rules and Regulations
EDGAR Release 21.2 also introduces
additional changes in EDGAR that do
not require corresponding amendments
to the Filer Manual. See the ‘‘Updates’’
section of Volume II of the EDGAR Filer
Manual, Volume II: ‘‘EDGAR Filing.’’
IV. Amendments to Rule 301 of
Regulation S–T
Along with the adoption of the
updated Filer Manual, we are amending
Rule 301 of Regulation S–T to provide
for the incorporation by reference into
the Code of Federal Regulations of the
current revisions. This incorporation by
reference was approved by the Director
of the Federal Register in accordance
with 5 U.S.C. 552(a) and 1 CFR part 51.
The updated EDGAR Filer Manual is
available at https://www.sec.gov/edgar/
filer-information/current-edgar-filermanual. Typically, the EDGAR Filer
Manual is also available for website
viewing and printing in the
Commission’s Public Reference Room,
100 F Street NE, Washington, DC 20549,
on official business days between the
hours of 10 a.m. and 3 p.m. Due to
pandemic conditions, however, access
to the Commission’s Public Reference
Room is not permitted at this time.
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V. Administrative Law Matters
Securities Act of 1933,13 Sections 3, 12,
13, 14, 15, 15B, 23, and 35A of the
Securities Exchange Act of 1934,14
Section 319 of the Trust Indenture Act
of 1939,15 and Sections 8, 30, 31, and 38
of the Investment Company Act of
1940.16
List of Subjects in 17 CFR Part 232
Incorporation by reference, Reporting
and recordkeeping requirements,
Securities.
Text of the Amendments
In accordance with the foregoing, title
17, chapter II of the Code of Federal
Regulations is amended as follows:
PART 232 REGULATION S–T—
GENERAL RULES AND REGULATIONS
FOR ELECTRONIC FILINGS
1. The authority citation for part 232
continues to read, in part, as follows:
Authority: 15 U.S.C. 77c, 77f, 77g, 77h, 77j,
77s(a), 77z–3, 77sss(a), 78c(b), 78l, 78m, 78n,
78o(d), 78w(a), 78ll, 80a–6(c), 80a–8, 80a–29,
80a–30, 80a–37, 7201 et seq.; and 18 U.S.C.
1350, unless otherwise noted.
2. Section 232.301 is revised to read
as follows:
■
§ 232.301
EDGAR Filer Manual.
13 15
U.S.C. 77f, 77g, 77h, 77j, and 77s(a).
14 15 U.S.C. 78c, 78l, 78m, 78n, 78o, 78o–4, 78w,
and 78ll.
15 15 U.S.C. 77 sss.
16 15 U.S.C. 80a–8, 80a–29, 80a–30, and 80a–37.
U.S.C. 553(b)(A).
U.S.C. 601–612.
11 5 U.S.C. 804(3)(C).
12 5 U.S.C. 553(d)(3).
10 5
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By the Commission.
Dated: June 21, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021–15317 Filed 7–27–21; 8:45 am]
BILLING CODE 8011–01–P
■
Filers must prepare electronic filings
Because the Filer Manual, and form
in the manner prescribed by the EDGAR
and rule amendments, relate solely to
Filer Manual, promulgated by the
agency procedures or practice and do
Commission, which sets forth the
not substantially alter the rights and
technical formatting requirements for
obligations of non-agency parties,
electronic submissions. The
publication for notice and comment is
requirements for becoming an EDGAR
not required under the Administrative
Filer and updating company data are set
Procedure Act (‘‘APA’’).9 It follows that
forth in the updated EDGAR Filer
the amendments do not require analysis Manual, Volume I: ‘‘General
under requirements of the Regulatory
Information,’’ Version 38 (June 2021).
Flexibility Act 10 or a report to Congress The requirements for filing on EDGAR
under the Small Business Regulatory
are set forth in the updated EDGAR Filer
Fairness Act.11
Manual, Volume II: ‘‘EDGAR Filing,’’
The effective date for the updated
Version 58 (June 2021). All of these
Filer Manual and related rule
provisions have been incorporated by
amendments is July 28, 2021. In
reference into the Code of Federal
accordance with the APA,12 we find that Regulations, which action was approved
there is good cause to establish an
by the Director of the Federal Register
effective date less than 30 days after
in accordance with 5 U.S.C. 552(a) and
publication of these rules. The
1 CFR part 51. You must comply with
Commission believes that establishing
these requirements in order for
an effective date less than 30 days after
documents to be timely received and
publication of these rules is necessary to accepted. The EDGAR Filer Manual is
coordinate the effectiveness of the
available at https://www.sec.gov/edgar/
updated Filer Manual with the related
filer-information/current-edgar-filersystem upgrades.
manual. Typically, the EDGAR Filer
Manual is also available for website
VI. Statutory Basis
viewing and printing in the
We are adopting the amendments to
Commission’s Public Reference Room,
Regulation S–T under the authority in
100 F Street NE, Washington, DC 20549,
Sections 6, 7, 8, 10, and 19(a) of the
95
on official business days between the
hours of 10 a.m. and 3 p.m. Due to
pandemic conditions, however, access
to the Commission’s Public Reference
Room is not permitted at this time. You
can also inspect the document at the
National Archives and Records
Administration (NARA). For
information on the availability of this
material at NARA, email fedreg.legal@
nara.gov, or go to: https://
www.archives.gov/federal-register/cfr/
ibr-locations.html.
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 589
Publication of Ukraine-Related Web
General License 15 and Subsequent
Iterations
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing 11
Ukraine-related web general licenses
(GLs) in the Federal Register: GL 15, GL
15A, GL 15B, GL 15C, GL 15D, GL 15E,
GL 15F, GL 15G, GL 15H, and GL 15I,
each of which is now expired and was
previously issued on OFAC’s website, as
well as GL 15J, which was also
previously issued on OFAC’s website
and expires on January 26, 2022.
DATES: GL 15J was issued on December
23, 2020 and expires on January 26,
2022. See SUPPLEMENTARY INFORMATION
of this rule for additional relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUMMARY:
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treasury.gov/ofac.
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Federal Register / Vol. 86, No. 142 / Wednesday, July 28, 2021 / Rules and Regulations
Background
On March 6, 2014, the President,
invoking the authority of, inter alia, the
International Emergency Economic
Powers Act (50 U.S.C. 1701–1706)
(IEEPA), issued Executive Order (E.O.)
13660, ‘‘Blocking Property of Certain
Persons Contributing to the Situation in
Ukraine’’ (79 FR 13493, March 10,
2014). In E.O. 13660, the President
determined that the actions and policies
of persons including persons who have
asserted governmental authority in the
Crimean region without the
authorization of the Government of
Ukraine that undermine democratic
processes and institutions in Ukraine;
threaten its peace, security, stability,
sovereignty, and territorial integrity; and
contribute to the misappropriation of its
assets, constitute an unusual and
extraordinary threat to the national
security and foreign policy of the United
States, and declared a national
emergency to deal with that threat.
The President subsequently issued
E.O. 13661 of March 16, 2014,
‘‘Blocking Property of Additional
Persons Contributing to the Situation in
Ukraine’’ (79 FR 15535, March 19,
2014), and E.O. 13662 of March 20,
2014, ‘‘Blocking Property of Additional
Persons Contributing to the Situation in
Ukraine’’ (79 FR 16169, March 20,
2014), pursuant to the national
emergency declared in E.O. 13660. E.O.
13661 and E.O. 13662 expanded the
scope of the national emergency
declared in E.O. 13660. On May 8, 2014,
OFAC published the Ukraine Related
Sanctions Regulations, 31 CFR part 589
(the ‘‘Regulations’’), to implement E.O.
13660, E.O. 13661, and E.O. 13662 (79
FR 26365, May 8, 2014). The President
has issued additional Executive orders
pursuant to the national emergency
declared in E.O. 13660, and expanded
in E.O. 13661 and E.O. 13662, which are
not discussed in this publication as they
are not relevant to the web GLs being
published.
OFAC, in consultation with the
Department of State, issued GL 15 on
May 22, 2018, pursuant to the
Regulations, to authorize certain
transactions and activities with GAZ
Group, or entities in which GAZ Group
owned, directly or indirectly, a 50
percent or greater interest, that were
otherwise prohibited by the Regulations.
Subject to certain conditions, GL 15
authorized certain transactions and
activities that were ordinarily incident
and necessary to the maintenance or
wind down of operations, contracts, or
other agreements, including the
importation of goods, services, or
technology into the United States,
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involving GAZ Group or any other
entity in which GAZ Group owned,
directly or indirectly, a 50 percent or
greater interest and that were in effect
prior to April 6, 2018. Subsequently,
OFAC issued 10 further iterations of GL
15, which extended the authorization,
and in later iterations, broadened the
scope of the GL.
On October 19, 2018, OFAC issued GL
15A, which replaced and superseded GL
15; on November 9, 2018, OFAC issued
GL 15B, which replaced and superseded
GL 15A; on December 7, 2018, OFAC
issued GL 15C, which replaced and
superseded GL 15B; on December 20,
2018, OFAC issued GL 15D, which
replaced and superseded GL 15C; on
March 6, 2019, OFAC issued GL 15E,
which replaced and superseded GL 15D;
on June 26, 2019, OFAC issued GL 15F,
which replaced and superseded GL 15E;
on November 1, 2019, OFAC issued GL
15G, which replaced and superseded GL
15F; on March 20, 2020, OFAC issued
GL 15H, which replaced and superseded
GL 15G; on July 16, 2020, OFAC issued
GL 15I, which replaced and superseded
15H; and on December 23, 2020, OFAC
issued GL 15J, which replaced and
superseded GL 15I. GL 15J expires on
January 26, 2022. The texts of following
11 Ukraine-related GLs are provided
below: GLs 15, 15A, 15B, 15C, 15D, 15E,
15F, 15G, 15H, 15I, and 15J.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15
Authorizing Certain Activities
Necessary To Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
daylight time, October 23, 2018.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
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activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
Andrea Gacki,
Acting Director, Office of Foreign Assets
Control.
Dated: May 22, 2018.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15A
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
standard time, December 12, 2018.
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(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective October 19, 2018, General
License No. 15, dated May 22, 2018, is
replaced and superseded in its entirety
by this General License No. 15A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: October 19, 2018.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
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General License No. 15B
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
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agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
standard time, January 7, 2019.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective November 9, 2018,
General License No. 15A, dated October
19, 2018, is replaced and superseded in
its entirety by this General License No.
15B.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: November 9, 2018.
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OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15C
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
standard time, January 21, 2019.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
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or via email to OFACReport@
treasury.gov.
(e) Effective December 7, 2018,
General License No. 15B, dated
November 9, 2018, is replaced and
superseded in its entirety by this
General License No. 15C.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: December 7, 2018.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
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General License No. 15D
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
standard time, March 7, 2019.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
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detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective December 20, 2018,
General License No. 15C, dated
December 7, 2018, is replaced and
superseded in its entirety by this
General License No. 15D.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: December 20, 2018.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15E
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to the maintenance or wind
down of operations, contracts, or other
agreements, including the importation
of goods, services, or technology into
the United States, involving GAZ Group
or any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest and that were
in effect prior to April 6, 2018, are
authorized through 12:01 a.m. eastern
daylight time, July 6, 2019.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for maintenance or wind-down
activities authorized by this general
license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
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40313
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective March 6, 2019, General
License No. 15D, dated December 20,
2018, is replaced and superseded in its
entirety by this General License No.
15E.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 6, 2019.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15F
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group, or Certain
Automotive Safety Activities
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to (1) the maintenance or
wind down of operations, contracts, or
other agreements, including the
importation of goods, services, or
technology into the United States,
involving GAZ Group or any other
entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest and that were in effect
prior to April 6, 2018, or (2) the
installation of Electronic Stability
Program systems consistent with
applicable automotive safety regulatory
requirements in vehicles produced by
GAZ Group or any other entity in which
GAZ Group owns, directly or indirectly,
a 50 percent or greater interest, are
authorized through 12:01 a.m. eastern
standard time, November 8, 2019.
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(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for the activities authorized by this
general license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective June 26, 2019, General
License No. 15E, dated March 6, 2019,
is replaced and superseded in its
entirety by this General License No.
15F.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: June 26, 2019.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
khammond on DSKJM1Z7X2PROD with RULES
General License No. 15G
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group, and
Certain Automotive Safety and
Environmental Activities
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
VerDate Sep<11>2014
16:30 Jul 27, 2021
Jkt 253001
necessary to (1) the maintenance or
wind down of operations, contracts, or
other agreements, including the
importation of goods, services, or
technology into the United States,
involving GAZ Group or any other
entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest and that were in effect
prior to April 6, 2018, (2) research and
development regarding, and the related
purchase, manufacture, and installation
of, Electronic Stability Program systems
and other advanced driver-assistance
systems, or components thereof,
consistent with applicable automotive
safety regulatory requirements, in
vehicles produced by GAZ Group or any
other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest, or (3) research and
development regarding, and the related
purchase, manufacture, and installation
of, components necessary to implement
Euro 5⁄6 emissions standards in vehicles
produced by GAZ Group or any other
entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest, are authorized through
12:01 a.m. eastern daylight time, March
31, 2020.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for the activities authorized by this
general license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
PO 00000
Frm 00016
Fmt 4700
Sfmt 4700
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective November 1, 2019,
General License No. 15F, dated June 26,
2019, is replaced and superseded in its
entirety by this General License No.
15G.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: November 1, 2019.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15H
Authorizing Certain Activities
Necessary to Maintenance or Wind
Down of Operations or Existing
Contracts With GAZ Group, and
Certain Automotive Safety and
Environmental Activities
(a) Except as provided in paragraphs
(b) and (c) of this general license, all
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589,
that are ordinarily incident and
necessary to (1) the maintenance or
wind down of operations, contracts, or
other agreements, including the
importation of goods, services, or
technology into the United States,
involving GAZ Group or any other
entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest and that were in effect
prior to April 6, 2018, (2) research and
development regarding, and the related
purchase, manufacture, and installation
of, Electronic Stability Program systems
and other advanced driver-assistance
systems, or components thereof,
consistent with applicable automotive
safety regulatory requirements, in
vehicles produced by GAZ Group or any
other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest, (3) research and
development regarding, and the related
purchase, manufacture, and installation
of, components necessary to implement
Euro 5⁄6 emissions standards in vehicles
produced by GAZ Group or any other
entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest, or (4) the installation of
occupant safety systems (including
steering wheels, airbags, and seat belts)
consistent with applicable automotive
safety regulatory requirements in
vehicles produced by GAZ Group or any
other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or
greater interest, are authorized through
E:\FR\FM\28JYR1.SGM
28JYR1
Federal Register / Vol. 86, No. 142 / Wednesday, July 28, 2021 / Rules and Regulations
12:01 a.m. eastern daylight time, July
22, 2020.
(b) All funds in accounts of blocked
persons identified in paragraph (a) that
were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain
blocked, except that such funds may be
used for the activities authorized by this
general license.
(c) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraph (a) of this
general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(d) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a comprehensive,
detailed report of each transaction,
including the names and addresses of
parties involved, the type and scope of
activities conducted, and the dates on
which the activities occurred, with the
Office of Foreign Assets Control, Office
of Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220,
or via email to OFACReport@
treasury.gov.
(e) Effective March 20, 2020, General
License No. 15G, dated November 1,
2019, is replaced and superseded in its
entirety by this General License No.
15H.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 20, 2020.
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
khammond on DSKJM1Z7X2PROD with RULES
General License No. 15I
Authorizing Certain Activities
Involving GAZ Group
(a) Except as provided in paragraphs
(c) and (d) of this general license,
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589
(URSR), that are ordinarily incident and
necessary to the manufacture and sale of
existing and new models of vehicles,
VerDate Sep<11>2014
16:30 Jul 27, 2021
Jkt 253001
components, and spare parts, including
automobiles, light commercial vehicles,
trucks, buses, engines/powertrains,
produced by GAZ Group, or any entity
in which GAZ Group owns, directly or
indirectly, a 50 percent or greater
interest, are authorized through 12:01
a.m. eastern standard time, January 22,
2021, including:
• Research, design, development,
production, modification, upgrade,
certification, distribution, and
marketing;
• Provision or receipt of services,
including warranty, maintenance,
logistics, storage, shipping, insurance,
security, brokerage, legal, banking and
financial (including financing and
renegotiation of debt), technical and
engineering, advertising, and customer
services;
• Entry into joint ventures, contract
manufacturing agreements, supplier
contracts, and other new contracts
associated with activities authorized by
paragraph (a);
• Payment and receipt of dividends
and other funds owed by or to GAZ
Group relating to activities authorized
by paragraph (a);
• The conduct of financial
transactions associated with activities
authorized by paragraph (a); and
• Activities necessary for compliance
with paragraph (f)(1)(i), including
financial auditing services.
(b) Except as provided in paragraphs
(c) and (d) of this general license, all
transactions and activities otherwise
prohibited by the URSR that are
ordinarily incident and necessary to the
maintenance or wind down of
operations, contracts, or other
agreements involving GAZ Group, or
any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest, and that were
in effect prior to April 6, 2018,
including the importation of goods,
services, or technology into the United
States, are authorized through 12:01
a.m. eastern standard time, January 22,
2021.
(c) All funds in accounts of blocked
persons identified in paragraphs (a) and
(b) that were blocked as of 12:01 a.m.
eastern daylight time, May 22, 2018,
remain blocked, except that such funds
may be used for the activities authorized
by this general license.
(d) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
PO 00000
Frm 00017
Fmt 4700
Sfmt 4700
40315
or dealings with any blocked person
other than the blocked persons
described in paragraphs (a) and (b) of
this general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(e) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a detailed report
of each transaction, including the names
and addresses of parties involved, the
type and scope of activities conducted,
and the dates on which the activities
occurred, via email to OFACReport@
treasury.gov (preferred) or mail to Office
of Foreign Assets Control, Office of
Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220.
(f)(1) GAZ Group is required to
provide the following information to
OFAC:
(i) Audited financial statements and
board meeting minutes for GAZ Group,
reports of composition and changes to
GAZ Group’s Board of Directors, lists of
any new joint ventures entered into by
GAZ Group and any joint ventures
under development by GAZ Group in
which GAZ Group is a participant, and
financing agreements entered into by
GAZ Group valued at or exceeding $5
million U.S. dollars. This information
must be reported within five days of the
close of each calendar quarter.
(ii) Certification that GAZ Group is
not acting for or on behalf of Mr. Oleg
Deripaska or any other person included
on OFAC’s list of Specially Designated
Nationals and Blocked Persons, and that
control over the actions, policies, and
decisions of the company rests with
GAZ Group’s Board of Directors and
shareholders. This information must be
reported within five days of the close of
each calendar month.
(2) Information reported under
paragraph (f)(1) of this general license
must reference General License 15I and
be sent via email to OFACReport@
treasury.gov (preferred) or mail to Office
of Foreign Assets Control, Office of
Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220.
(g) Effective July 16, 2020, General
License No. 15H, dated March 20, 2020,
is replaced and superseded in its
entirety by this General License No. 15I.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: July 16, 2020.
E:\FR\FM\28JYR1.SGM
28JYR1
40316
Federal Register / Vol. 86, No. 142 / Wednesday, July 28, 2021 / Rules and Regulations
OFFICE OF FOREIGN ASSETS
CONTROL
Ukraine Related Sanctions Regulations
31 CFR Part 589
General License No. 15I
khammond on DSKJM1Z7X2PROD with RULES
Authorizing Certain Activities
Involving GAZ Group
(a) Except as provided in paragraphs
(c) and (d) of this general license,
transactions and activities otherwise
prohibited by the Ukraine Related
Sanctions Regulations, 31 CFR part 589
(URSR), that are ordinarily incident and
necessary to the manufacture and sale of
existing and new models of vehicles,
components, and spare parts, including
automobiles, light commercial vehicles,
trucks, buses, engines/powertrains,
produced by GAZ Group, or any entity
in which GAZ Group owns, directly or
indirectly, a 50 percent or greater
interest, are authorized through 12:01
a.m. eastern standard time, January 26,
2022, including:
• Research, design, development,
production, modification, upgrade,
certification, distribution, and
marketing;
• Provision or receipt of services,
including warranty, maintenance,
logistics, storage, shipping, insurance,
security, brokerage, legal, banking and
financial (including financing and
renegotiation of debt), technical and
engineering, advertising, and customer
services;
• Entry into joint ventures, contract
manufacturing agreements, supplier
contracts, and other new contracts
associated with activities authorized by
paragraph (a);
• Payment and receipt of dividends
and other funds owed by or to GAZ
Group relating to activities authorized
by paragraph (a);
• The conduct of financial
transactions associated with activities
authorized by paragraph (a); and
• Activities necessary for compliance
with paragraph (f)(1)(i), including
financial auditing services.
(b) Except as provided in paragraphs
(c) and (d) of this general license, all
transactions and activities otherwise
prohibited by the URSR that are
ordinarily incident and necessary to the
maintenance or wind down of
operations, contracts, or other
agreements involving GAZ Group, or
any other entity in which GAZ Group
owns, directly or indirectly, a 50
percent or greater interest, and that were
in effect prior to April 6, 2018,
including the importation of goods,
services, or technology into the United
States, are authorized through 12:01
VerDate Sep<11>2014
16:30 Jul 27, 2021
Jkt 253001
a.m. eastern standard time, January 26,
2022.
(c) All funds in accounts of blocked
persons identified in paragraphs (a) and
(b) that were blocked as of 12:01 a.m.
eastern daylight time, May 22, 2018,
remain blocked, except that such funds
may be used for the activities authorized
by this general license.
(d) This general license does not
authorize:
(1) The divestiture or transfer of debt,
equity, or other holdings in, to, or for
the benefit of the blocked persons
described above;
(2) Any transactions or dealings
otherwise prohibited by any other part
of 31 CFR chapter V, or any transactions
or dealings with any blocked person
other than the blocked persons
described in paragraphs (a) and (b) of
this general license; or
(3) The unblocking of any property
blocked pursuant to any part of 31 CFR
chapter V, except as authorized by
paragraphs (a) or (b).
(e) U.S. persons participating in
transactions authorized by this general
license are required, within 10 business
days after the expiration date of this
general license, to file a detailed report
of each transaction, including the names
and addresses of parties involved, the
type and scope of activities conducted,
and the dates on which the activities
occurred, via email to OFACReport@
treasury.gov (preferred) or mail to Office
of Foreign Assets Control, Office of
Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220.
(f)(1) GAZ Group is required to
provide the following information to
OFAC:
(i) Audited financial statements and
board meeting minutes for GAZ Group,
reports of composition and changes to
GAZ Group’s Board of Directors, lists of
any new joint ventures entered into by
GAZ Group and any joint ventures
under development by GAZ Group in
which GAZ Group is a participant, and
financing agreements entered into by
GAZ Group valued at or exceeding $5
million U.S. dollars. This information
must be reported within five days of the
close of each calendar quarter.
(ii) Certification that GAZ Group is
not acting for or on behalf of Mr. Oleg
Deripaska or any other person included
on OFAC’s list of Specially Designated
Nationals and Blocked Persons, and that
control over the actions, policies, and
decisions of the company rests with
GAZ Group’s Board of Directors and
shareholders. This information must be
reported within five days of the close of
each calendar month.
PO 00000
Frm 00018
Fmt 4700
Sfmt 4700
(2) Information reported under
paragraph (f)(1) of this general license
must reference General License 15J and
be sent via email to OFACReport@
treasury.gov (preferred) or mail to Office
of Foreign Assets Control, Office of
Compliance and Enforcement, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman’s
Bank Building, Washington, DC 20220.
(g) Effective December 23, 2020,
General License No. 15I, dated July 16,
2020, is replaced and superseded in its
entirety by this General License No. 15J.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets
Control.
Dated: December 23, 2020.
Dated: July 19, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2021–15669 Filed 7–27–21; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 589
Publication of Ukraine-Related Web
General License 13 and Subsequent
Iterations
Office of Foreign Assets
Control, Treasury.
AGENCY:
Publication of web general
licenses.
ACTION:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing 17
Ukraine-related web general licenses
(GLs) in the Federal Register: GL 13, GL
13A, GL 13B, GL 13C, GL 13D, GL 13E,
GL 13F, GL 13G, GL 13H, GL 13I, GL
13J, GL 13K, GL 13L, GL 13M, GL 13N,
and GL 13O, each of which is now
expired, and was previously issued on
OFAC’s website, as well as GL 13P,
which was also previously issued on
OFAC’s website.
SUMMARY:
GL 13P was issued on December
23, 2020 and expires on January 26,
2022. See SUPPLEMENTARY INFORMATION
of this rule for additional relevant dates.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for Sanctions
Compliance & Evaluation, 202–622–
2490.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\28JYR1.SGM
28JYR1
]]>Agencies
[Federal Register Volume 86, Number 142 (Wednesday, July 28, 2021)]
[Rules and Regulations]
[Pages 40310-40316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-15669]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 589
Publication of Ukraine-Related Web General License 15 and
Subsequent Iterations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing 11 Ukraine-related web general licenses
(GLs) in the Federal Register: GL 15, GL 15A, GL 15B, GL 15C, GL 15D,
GL 15E, GL 15F, GL 15G, GL 15H, and GL 15I, each of which is now
expired and was previously issued on OFAC's website, as well as GL 15J,
which was also previously issued on OFAC's website and expires on
January 26, 2022.
DATES: GL 15J was issued on December 23, 2020 and expires on January
26, 2022. See SUPPLEMENTARY INFORMATION of this rule for additional
relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: www.treasury.gov/ofac.
[[Page 40311]]
Background
On March 6, 2014, the President, invoking the authority of, inter
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
1706) (IEEPA), issued Executive Order (E.O.) 13660, ``Blocking Property
of Certain Persons Contributing to the Situation in Ukraine'' (79 FR
13493, March 10, 2014). In E.O. 13660, the President determined that
the actions and policies of persons including persons who have asserted
governmental authority in the Crimean region without the authorization
of the Government of Ukraine that undermine democratic processes and
institutions in Ukraine; threaten its peace, security, stability,
sovereignty, and territorial integrity; and contribute to the
misappropriation of its assets, constitute an unusual and extraordinary
threat to the national security and foreign policy of the United
States, and declared a national emergency to deal with that threat.
The President subsequently issued E.O. 13661 of March 16, 2014,
``Blocking Property of Additional Persons Contributing to the Situation
in Ukraine'' (79 FR 15535, March 19, 2014), and E.O. 13662 of March 20,
2014, ``Blocking Property of Additional Persons Contributing to the
Situation in Ukraine'' (79 FR 16169, March 20, 2014), pursuant to the
national emergency declared in E.O. 13660. E.O. 13661 and E.O. 13662
expanded the scope of the national emergency declared in E.O. 13660. On
May 8, 2014, OFAC published the Ukraine Related Sanctions Regulations,
31 CFR part 589 (the ``Regulations''), to implement E.O. 13660, E.O.
13661, and E.O. 13662 (79 FR 26365, May 8, 2014). The President has
issued additional Executive orders pursuant to the national emergency
declared in E.O. 13660, and expanded in E.O. 13661 and E.O. 13662,
which are not discussed in this publication as they are not relevant to
the web GLs being published.
OFAC, in consultation with the Department of State, issued GL 15 on
May 22, 2018, pursuant to the Regulations, to authorize certain
transactions and activities with GAZ Group, or entities in which GAZ
Group owned, directly or indirectly, a 50 percent or greater interest,
that were otherwise prohibited by the Regulations. Subject to certain
conditions, GL 15 authorized certain transactions and activities that
were ordinarily incident and necessary to the maintenance or wind down
of operations, contracts, or other agreements, including the
importation of goods, services, or technology into the United States,
involving GAZ Group or any other entity in which GAZ Group owned,
directly or indirectly, a 50 percent or greater interest and that were
in effect prior to April 6, 2018. Subsequently, OFAC issued 10 further
iterations of GL 15, which extended the authorization, and in later
iterations, broadened the scope of the GL.
On October 19, 2018, OFAC issued GL 15A, which replaced and
superseded GL 15; on November 9, 2018, OFAC issued GL 15B, which
replaced and superseded GL 15A; on December 7, 2018, OFAC issued GL
15C, which replaced and superseded GL 15B; on December 20, 2018, OFAC
issued GL 15D, which replaced and superseded GL 15C; on March 6, 2019,
OFAC issued GL 15E, which replaced and superseded GL 15D; on June 26,
2019, OFAC issued GL 15F, which replaced and superseded GL 15E; on
November 1, 2019, OFAC issued GL 15G, which replaced and superseded GL
15F; on March 20, 2020, OFAC issued GL 15H, which replaced and
superseded GL 15G; on July 16, 2020, OFAC issued GL 15I, which replaced
and superseded 15H; and on December 23, 2020, OFAC issued GL 15J, which
replaced and superseded GL 15I. GL 15J expires on January 26, 2022. The
texts of following 11 Ukraine-related GLs are provided below: GLs 15,
15A, 15B, 15C, 15D, 15E, 15F, 15G, 15H, 15I, and 15J.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15
Authorizing Certain Activities Necessary To Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
daylight time, October 23, 2018.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
Andrea Gacki,
Acting Director, Office of Foreign Assets Control.
Dated: May 22, 2018.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15A
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
standard time, December 12, 2018.
[[Page 40312]]
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective October 19, 2018, General License No. 15, dated May
22, 2018, is replaced and superseded in its entirety by this General
License No. 15A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: October 19, 2018.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15B
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
standard time, January 7, 2019.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective November 9, 2018, General License No. 15A, dated
October 19, 2018, is replaced and superseded in its entirety by this
General License No. 15B.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: November 9, 2018.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15C
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
standard time, January 21, 2019.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220,
[[Page 40313]]
or via email to [email protected].
(e) Effective December 7, 2018, General License No. 15B, dated
November 9, 2018, is replaced and superseded in its entirety by this
General License No. 15C.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: December 7, 2018.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15D
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
standard time, March 7, 2019.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective December 20, 2018, General License No. 15C, dated
December 7, 2018, is replaced and superseded in its entirety by this
General License No. 15D.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: December 20, 2018.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15E
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to the maintenance or wind down of
operations, contracts, or other agreements, including the importation
of goods, services, or technology into the United States, involving GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest and that were in effect
prior to April 6, 2018, are authorized through 12:01 a.m. eastern
daylight time, July 6, 2019.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
maintenance or wind-down activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective March 6, 2019, General License No. 15D, dated
December 20, 2018, is replaced and superseded in its entirety by this
General License No. 15E.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 6, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15F
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group, or Certain Automotive
Safety Activities
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to (1) the maintenance or wind down
of operations, contracts, or other agreements, including the
importation of goods, services, or technology into the United States,
involving GAZ Group or any other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or greater interest and that were
in effect prior to April 6, 2018, or (2) the installation of Electronic
Stability Program systems consistent with applicable automotive safety
regulatory requirements in vehicles produced by GAZ Group or any other
entity in which GAZ Group owns, directly or indirectly, a 50 percent or
greater interest, are authorized through 12:01 a.m. eastern standard
time, November 8, 2019.
[[Page 40314]]
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
the activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective June 26, 2019, General License No. 15E, dated March
6, 2019, is replaced and superseded in its entirety by this General
License No. 15F.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: June 26, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15G
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group, and Certain Automotive
Safety and Environmental Activities
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to (1) the maintenance or wind down
of operations, contracts, or other agreements, including the
importation of goods, services, or technology into the United States,
involving GAZ Group or any other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or greater interest and that were
in effect prior to April 6, 2018, (2) research and development
regarding, and the related purchase, manufacture, and installation of,
Electronic Stability Program systems and other advanced driver-
assistance systems, or components thereof, consistent with applicable
automotive safety regulatory requirements, in vehicles produced by GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest, or (3) research and
development regarding, and the related purchase, manufacture, and
installation of, components necessary to implement Euro \5/6\ emissions
standards in vehicles produced by GAZ Group or any other entity in
which GAZ Group owns, directly or indirectly, a 50 percent or greater
interest, are authorized through 12:01 a.m. eastern daylight time,
March 31, 2020.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
the activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective November 1, 2019, General License No. 15F, dated June
26, 2019, is replaced and superseded in its entirety by this General
License No. 15G.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: November 1, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15H
Authorizing Certain Activities Necessary to Maintenance or Wind Down of
Operations or Existing Contracts With GAZ Group, and Certain Automotive
Safety and Environmental Activities
(a) Except as provided in paragraphs (b) and (c) of this general
license, all transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589, that are
ordinarily incident and necessary to (1) the maintenance or wind down
of operations, contracts, or other agreements, including the
importation of goods, services, or technology into the United States,
involving GAZ Group or any other entity in which GAZ Group owns,
directly or indirectly, a 50 percent or greater interest and that were
in effect prior to April 6, 2018, (2) research and development
regarding, and the related purchase, manufacture, and installation of,
Electronic Stability Program systems and other advanced driver-
assistance systems, or components thereof, consistent with applicable
automotive safety regulatory requirements, in vehicles produced by GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest, (3) research and
development regarding, and the related purchase, manufacture, and
installation of, components necessary to implement Euro \5/6\ emissions
standards in vehicles produced by GAZ Group or any other entity in
which GAZ Group owns, directly or indirectly, a 50 percent or greater
interest, or (4) the installation of occupant safety systems (including
steering wheels, airbags, and seat belts) consistent with applicable
automotive safety regulatory requirements in vehicles produced by GAZ
Group or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
[[Page 40315]]
12:01 a.m. eastern daylight time, July 22, 2020.
(b) All funds in accounts of blocked persons identified in
paragraph (a) that were blocked as of 12:01 a.m. eastern daylight time,
May 22, 2018, remain blocked, except that such funds may be used for
the activities authorized by this general license.
(c) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraph
(a) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(d) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to [email protected].
(e) Effective March 20, 2020, General License No. 15G, dated
November 1, 2019, is replaced and superseded in its entirety by this
General License No. 15H.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 20, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15I
Authorizing Certain Activities Involving GAZ Group
(a) Except as provided in paragraphs (c) and (d) of this general
license, transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589 (URSR), that are
ordinarily incident and necessary to the manufacture and sale of
existing and new models of vehicles, components, and spare parts,
including automobiles, light commercial vehicles, trucks, buses,
engines/powertrains, produced by GAZ Group, or any entity in which GAZ
Group owns, directly or indirectly, a 50 percent or greater interest,
are authorized through 12:01 a.m. eastern standard time, January 22,
2021, including:
Research, design, development, production, modification,
upgrade, certification, distribution, and marketing;
Provision or receipt of services, including warranty,
maintenance, logistics, storage, shipping, insurance, security,
brokerage, legal, banking and financial (including financing and
renegotiation of debt), technical and engineering, advertising, and
customer services;
Entry into joint ventures, contract manufacturing
agreements, supplier contracts, and other new contracts associated with
activities authorized by paragraph (a);
Payment and receipt of dividends and other funds owed by
or to GAZ Group relating to activities authorized by paragraph (a);
The conduct of financial transactions associated with
activities authorized by paragraph (a); and
Activities necessary for compliance with paragraph
(f)(1)(i), including financial auditing services.
(b) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities otherwise prohibited by the
URSR that are ordinarily incident and necessary to the maintenance or
wind down of operations, contracts, or other agreements involving GAZ
Group, or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest, and that were in effect
prior to April 6, 2018, including the importation of goods, services,
or technology into the United States, are authorized through 12:01 a.m.
eastern standard time, January 22, 2021.
(c) All funds in accounts of blocked persons identified in
paragraphs (a) and (b) that were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain blocked, except that such funds may
be used for the activities authorized by this general license.
(d) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraphs
(a) and (b) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(e) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a detailed report of
each transaction, including the names and addresses of parties
involved, the type and scope of activities conducted, and the dates on
which the activities occurred, via email to [email protected]
(preferred) or mail to Office of Foreign Assets Control, Office of
Compliance and Enforcement, U.S. Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman's Bank Building, Washington, DC 20220.
(f)(1) GAZ Group is required to provide the following information
to OFAC:
(i) Audited financial statements and board meeting minutes for GAZ
Group, reports of composition and changes to GAZ Group's Board of
Directors, lists of any new joint ventures entered into by GAZ Group
and any joint ventures under development by GAZ Group in which GAZ
Group is a participant, and financing agreements entered into by GAZ
Group valued at or exceeding $5 million U.S. dollars. This information
must be reported within five days of the close of each calendar
quarter.
(ii) Certification that GAZ Group is not acting for or on behalf of
Mr. Oleg Deripaska or any other person included on OFAC's list of
Specially Designated Nationals and Blocked Persons, and that control
over the actions, policies, and decisions of the company rests with GAZ
Group's Board of Directors and shareholders. This information must be
reported within five days of the close of each calendar month.
(2) Information reported under paragraph (f)(1) of this general
license must reference General License 15I and be sent via email to
[email protected] (preferred) or mail to Office of Foreign Assets
Control, Office of Compliance and Enforcement, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220.
(g) Effective July 16, 2020, General License No. 15H, dated March
20, 2020, is replaced and superseded in its entirety by this General
License No. 15I.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: July 16, 2020.
[[Page 40316]]
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
General License No. 15I
Authorizing Certain Activities Involving GAZ Group
(a) Except as provided in paragraphs (c) and (d) of this general
license, transactions and activities otherwise prohibited by the
Ukraine Related Sanctions Regulations, 31 CFR part 589 (URSR), that are
ordinarily incident and necessary to the manufacture and sale of
existing and new models of vehicles, components, and spare parts,
including automobiles, light commercial vehicles, trucks, buses,
engines/powertrains, produced by GAZ Group, or any entity in which GAZ
Group owns, directly or indirectly, a 50 percent or greater interest,
are authorized through 12:01 a.m. eastern standard time, January 26,
2022, including:
Research, design, development, production, modification,
upgrade, certification, distribution, and marketing;
Provision or receipt of services, including warranty,
maintenance, logistics, storage, shipping, insurance, security,
brokerage, legal, banking and financial (including financing and
renegotiation of debt), technical and engineering, advertising, and
customer services;
Entry into joint ventures, contract manufacturing
agreements, supplier contracts, and other new contracts associated with
activities authorized by paragraph (a);
Payment and receipt of dividends and other funds owed by
or to GAZ Group relating to activities authorized by paragraph (a);
The conduct of financial transactions associated with
activities authorized by paragraph (a); and
Activities necessary for compliance with paragraph
(f)(1)(i), including financial auditing services.
(b) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities otherwise prohibited by the
URSR that are ordinarily incident and necessary to the maintenance or
wind down of operations, contracts, or other agreements involving GAZ
Group, or any other entity in which GAZ Group owns, directly or
indirectly, a 50 percent or greater interest, and that were in effect
prior to April 6, 2018, including the importation of goods, services,
or technology into the United States, are authorized through 12:01 a.m.
eastern standard time, January 26, 2022.
(c) All funds in accounts of blocked persons identified in
paragraphs (a) and (b) that were blocked as of 12:01 a.m. eastern
daylight time, May 22, 2018, remain blocked, except that such funds may
be used for the activities authorized by this general license.
(d) This general license does not authorize:
(1) The divestiture or transfer of debt, equity, or other holdings
in, to, or for the benefit of the blocked persons described above;
(2) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the blocked persons described in paragraphs
(a) and (b) of this general license; or
(3) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(e) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a detailed report of
each transaction, including the names and addresses of parties
involved, the type and scope of activities conducted, and the dates on
which the activities occurred, via email to [email protected]
(preferred) or mail to Office of Foreign Assets Control, Office of
Compliance and Enforcement, U.S. Department of the Treasury, 1500
Pennsylvania Avenue NW, Freedman's Bank Building, Washington, DC 20220.
(f)(1) GAZ Group is required to provide the following information
to OFAC:
(i) Audited financial statements and board meeting minutes for GAZ
Group, reports of composition and changes to GAZ Group's Board of
Directors, lists of any new joint ventures entered into by GAZ Group
and any joint ventures under development by GAZ Group in which GAZ
Group is a participant, and financing agreements entered into by GAZ
Group valued at or exceeding $5 million U.S. dollars. This information
must be reported within five days of the close of each calendar
quarter.
(ii) Certification that GAZ Group is not acting for or on behalf of
Mr. Oleg Deripaska or any other person included on OFAC's list of
Specially Designated Nationals and Blocked Persons, and that control
over the actions, policies, and decisions of the company rests with GAZ
Group's Board of Directors and shareholders. This information must be
reported within five days of the close of each calendar month.
(2) Information reported under paragraph (f)(1) of this general
license must reference General License 15J and be sent via email to
[email protected] (preferred) or mail to Office of Foreign Assets
Control, Office of Compliance and Enforcement, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220.
(g) Effective December 23, 2020, General License No. 15I, dated
July 16, 2020, is replaced and superseded in its entirety by this
General License No. 15J.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: December 23, 2020.
Dated: July 19, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2021-15669 Filed 7-27-21; 8:45 am]
BILLING CODE 4810-AL-P
