Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 1, 1A, 2, 3, 4, 5, and 7, 55274-55276 [2022-19509]
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55274
Federal Register / Vol. 87, No. 174 / Friday, September 9, 2022 / Rules and Regulations
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses 1,
1A, 2, 3, 4, 5, and 7
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 seven
general licenses (GLs) issued in the
Russian Harmful Foreign Activities
Sanctions program: GLs 1, 1A, 2, 3, 4,
5, and 7, each of which was previously
made available on OFAC’s website.
DATES: GL1, issued on May 21, 2021,
was superseded by GL 1A, issued on
August 20, 2021. See SUPPLEMENTARY
INFORMATION 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.treas.gov/ofac.
jspears on DSK121TN23PROD with RULES
Background
On May 21, 2021, OFAC issued GL 1
to authorize certain activities prohibited
by the Protecting Europe’s Energy
Security Act of 2019, 22 U.S.C. 9526
note, as amended. On August 20, 2021,
OFAC issued GL 1A, which superseded
GL 1.
On February 22, 2022, OFAC issued
GL 2 and GL 3 to authorize certain
activities prohibited by Executive Order
(E.O.) 14024 of April 15, 2021,
‘‘Blocking Property With Respect To
Specified Harmful Foreign Activities of
the Government of the Russian
Federation’’ (86 FR 20249, April 19,
2022). GL 3 expired on March 24, 2022.
On February 23, 2022, OFAC issued GL
4 to authorize certain activities
prohibited by E.O. 14039 of August 20,
2021, ‘‘Blocking Property with Respect
to Certain Russian Energy Export
Pipelines’’ (86 FR 47205, August 24,
2021). GL 4 expired on March 2, 2022.
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OFFICE OF FOREIGN ASSETS
CONTROL
Protecting Europe’s Energy Security Act
of 2019 22 U.S.C. 9526 Note, as
Amended
SUMMARY:
VerDate Sep<11>2014
On February 24, 2022, OFAC issued
GLs 5 and 7, among others, to authorize
certain activities prohibited by E.O.
14024.
At the time of issuance, OFAC made
GLs 1, 1A, 2, 3, 4, 5, and 7 available on
its website (www.treas.gov/ofac). The
text of these GLs is provided below.
GENERAL LICENSE NO. 1
Authorizing Certain Activities
Involving Federal State Budgetary
Institution Marine Rescue Service
(a) Except as provided in paragraph
(b) of this general license, all
transactions and activities prohibited by
the Protecting Europe’s Energy Security
Act of 2019, 22 U.S.C. 9526 note, as
amended (PEESA), involving Federal
State Budgetary Institution Marine
Rescue Service (MRS), or any entity in
which MRS owns, directly or indirectly,
a 50 percent or greater interest, that are
not related to the construction of the
Nord Stream 2 pipeline project, the
TurkStream pipeline project, or any
project that is a successor to either such
project, are authorized.
(b) This general license does not
authorize:
(1) Any transactions or activities
involving any vessels identified on the
Office of Foreign Assets Control’s NonSDN Menu-Based Sanctions List (NS–
MBS List) as blocked property of MRS
or of any entity in which MRS owns,
directly or indirectly, a 50 percent or
greater interest; or
(2) Any transactions or activities
otherwise prohibited by PEESA, or
prohibited by any part of 31 CFR
chapter V, other statute, or Executive
order, or involving any blocked person
other than the blocked persons
identified in paragraph (a) of this
general license.
Bradley T. Smith,
Acting Director, Office of Foreign Assets
Control.
Dated: May 21, 2021.
PO 00000
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order of August 20, 2021
Blocking Property With Respect to
Certain Russian Energy Export
Pipelines
Protecting Europe’s Energy Security Act
of 2019 22 U.S.C. 9526 Note, as
Amended
GENERAL LICENSE NO. 1A
Authorizing Certain Activities
Involving Federal State Budgetary
Institution Marine Rescue Service
(a) Except as provided in paragraph
(b) of this general license, all
transactions and activities prohibited by
Executive Order (E.O.) of August 20,
2021 or the Protecting Europe’s Energy
Security Act of 2019, 22 U.S.C. 9526
note, as amended (PEESA), involving
Federal State Budgetary Institution
Marine Rescue Service (MRS), or any
entity in which MRS owns, directly or
indirectly, a 50 percent or greater
interest, that are not related to the
construction of the Nord Stream 2
pipeline project, the TurkStream
pipeline project, or any project that is a
successor to either such project, are
authorized.
(b) This general license does not
authorize:
(1) Any transactions or activities
involving any vessels identified on the
Office of Foreign Assets Control’s
Specially Designated Nationals and
Blocked Persons List (SDN List) as
blocked property of MRS, including
vessels identified as blocked property of
any entity in which MRS owns, directly
or indirectly, a 50 percent or greater
interest; or
(2) Any transactions or activities
otherwise prohibited by E.O. of August
20, 2021 or PEESA, or prohibited by any
part of 31 CFR chapter V, other statute,
or other Executive order, or involving
any blocked person other than the
blocked persons identified in paragraph
(a) of this general license.
(c) Effective August 20, 2021, General
License No. 1, dated May 21, 2021, is
replaced and superseded in its entirety
by this General License No. 1A.
Bradley T. Smith,
Acting Director, Office of Foreign Assets
Control.
Dated: August 20, 2021.
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Federal Register / Vol. 87, No. 174 / Friday, September 9, 2022 / Rules and Regulations
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 14024 of April 15,
2021
Blocking Property With Respect to
Specified Harmful Foreign Activities of
the Government of the Russian
Federation
GENERAL LICENSE NO. 2
Authorizing Certain Servicing
Transactions Involving State
Corporation Bank for Development and
Foreign Economic Affairs
Vnesheconombank
(a) Except as provided in paragraph
(b) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 involving State
Corporation Bank for Development and
Foreign Economic Affairs
Vnesheconombank (VEB), or any entity
in which VEB owns, directly or
indirectly, a 50 percent or greater
interest, that are ordinarily incident and
necessary to the servicing of bonds
issued before March 1, 2022 by the
Central Bank of the Russian Federation,
the National Wealth Fund of the
Russian Federation, or the Ministry of
Finance of the Russian Federation are
authorized.
(b) This general license does not
authorize:
(1) Any transactions prohibited by
Directive 1A under E.O. 14024,
Prohibitions Related to Certain
Sovereign Debt of the Russian
Federation; or
(2) Any transactions involving any
person blocked pursuant to E.O. 14024
other than the blocked persons
described in paragraph (a) of this
general license, unless separately
authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 22, 2022.
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 14024 of April 15,
2021
Blocking Property With Respect To
Specified Harmful Foreign Activities of
the Government of the Russian
Federation
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GENERAL LICENSE NO. 3
Authorizing the Wind Down of
Transactions Involving State
Corporation Bank for Development and
Foreign Economic Affairs
Vnesheconombank
(a) Except as provided in paragraph
(b) of this general license, all
transactions prohibited by Executive
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18:47 Sep 08, 2022
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Order (E.O.) 14024 that are ordinarily
incident and necessary to the wind
down of transactions involving State
Corporation Bank for Development and
Foreign Economic Affairs
Vnesheconombank (VEB), or any entity
in which VEB owns, directly or
indirectly, a 50 percent or greater
interest, are authorized through 12:01
a.m. eastern daylight time, March 24,
2022.
(b) This general license does not
authorize any transactions involving
any person blocked pursuant to E.O.
14024 other than the blocked persons
described in paragraph (a) of this
general license, unless separately
authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 22, 2022.
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 14039 of August 20,
2021
Blocking Property With Respect to
Certain Russian Energy Export
Pipelines
GENERAL LICENSE NO. 4
Authorizing the Wind Down of
Transactions Involving Nord Stream 2
AG
(a) Except as provided in paragraph
(b) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14039 that are ordinarily
incident and necessary to the wind
down of transactions involving Nord
Stream 2 AG, or any entity in which
Nord Stream 2 AG owns, directly or
indirectly, a 50 percent or greater
interest, are authorized through 12:01
a.m. eastern standard time, March 2,
2022.
(b) This general license does not
authorize any transactions involving
any person blocked pursuant to E.O.
14039 other than the blocked persons
described in paragraph (a) of this
general license, unless separately
authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 23, 2022.
PO 00000
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55275
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 14024 of April 15,
2021
Blocking Property With Respect To
Specified Harmful Foreign Activities of
the Government of the Russian
Federation
GENERAL LICENSE NO. 5
Official Business of Certain
International Organizations and
Entities
All transactions prohibited by
Executive Order (E.O.) 14024 that are for
the conduct of the official business of
the following entities by employees,
grantees, or contractors thereof are
authorized:
(a) The International Centre for
Settlement of Investment Disputes
(ICSID) and the Multilateral Investment
Guarantee Agency (MIGA);
(b) The African Development Bank
Group, the Asian Development Bank,
the European Bank for Reconstruction
and Development, and the InterAmerican Development Bank Group
(IDB Group), including any fund entity
administered or established by any of
the foregoing; and
(c) The International Committee of the
Red Cross and the International
Federation of Red Cross and Red
Crescent Societies.
Note to General License No. 5. See also
section 9 of E.O. 14024, which exempts
transactions that are for the conduct of the
official business of the United Nations
(including its specialized agencies, programs,
funds, and related organizations) by
employees, grantees, or contractors thereof.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2022.
OFFICE OF FOREIGN ASSETS
CONTROL
Executive Order 14024 of April 15,
2021
Blocking Property With Respect To
Specified Harmful Foreign Activities of
the Government of the Russian
Federation
GENERAL LICENSE NO. 7
Authorizing Overflight Payments,
Emergency Landings, and Air
Ambulance Services
(a) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 that are ordinarily
incident and necessary to the receipt of,
and payment of charges for, services
rendered in connection with overflights
of the Russian Federation or emergency
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Federal Register / Vol. 87, No. 174 / Friday, September 9, 2022 / Rules and Regulations
landings in the Russian Federation by
aircraft registered in the United States or
owned or controlled by, or chartered to,
U.S. persons are authorized.
(b) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by E.O. 14024
that are ordinarily incident and
necessary to provide air ambulance and
related medical services, including
medical evacuation, to individuals in
the Russian Federation are authorized.
(c) This general license does not
authorize the opening or maintaining of
a correspondent account or payablethrough account for or on behalf of any
entity subject to Directive 2 under E.O.
14024, Prohibitions Related to
Correspondent or Payable-Through
Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022–19509 Filed 9–8–22; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses 21,
21A, 22, 23, 24, 25, 26, 27, 28, 29, and
30
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing eleven
general licenses (GLs) issued in the
Russian Harmful Foreign Activities
Sanctions program: GLs 21, 21A, 22, 23,
24, 25, 26, 27, 28, 29, and 30, each of
which was previously made available
on OFAC’s website.
DATES: GL 21 was issued on April 6,
2022 and expired on June 7, 2022. See
SUPPLEMENTARY INFORMATION 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.
jspears on DSK121TN23PROD with RULES
VerDate Sep<11>2014
18:47 Sep 08, 2022
Jkt 256001
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treas.gov/ofac.
Background
OFAC issued each of these eleven GLs
to authorize certain activities prohibited
by the Russian Harmful Foreign
Activities Sanctions Regulations, 31
CFR part 587. On April 6, 2022, OFAC
issued GL 21, with an expiration date of
June 7, 2022. On April 7, 2022, OFAC
issued GL 21A, with an expiration date
of June 7, 2022, which superseded GL
21. On April 6, 2022, OFAC issued GL
22 with an expiration date of April 13,
2022, and GL 23 with an expiration date
of May 6, 2022. On April 7, 2022, OFAC
issued GL 24, with an expiration date of
May 7, 2022, and GL 25. On April 12,
2022, OFAC issued GL 26 with an
expiration date of July 12, 2022. On
April 19, 2022, OFAC issued GL 27. On
April 20, 2022, OFAC issued GL 28,
with an expiration date of October 20,
2022, and GL 29, with an expiration
date of May 20, 2022. On May 2, 2022,
OFAC issued GL 30, with an expiration
date of September 30, 2022.
At the time of issuance, OFAC made
GLs, 21, 21A, 22, 23, 24, 25, 26, 27, 28,
29, and 30 available on its website
(www.treas.gov/ofac). The text of these
GLs is provided below.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations 31 CFR Part 587
GENERAL LICENSE NO. 21
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of Web General
Licenses.
AGENCY:
SUMMARY:
SUPPLEMENTARY INFORMATION:
Authorizing the Wind Down of
Sberbank CIB USA, Inc.
(a) Except as provided in paragraph
(b) of this general license, U.S. persons
are authorized to engage in all
transactions ordinarily incident and
necessary to the wind down of Sberbank
CIB USA, Inc., or any entity in which
Sberbank CIB USA, Inc. owns, directly
or indirectly, a 50 percent or greater
interest, that are prohibited by the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR), including the processing and
payment of salaries, severance, and
expenses; payments to vendors and
landlords; and closing of accounts,
through 12:01 a.m. eastern daylight
time, June 7, 2022.
(b) This general license does not
authorize any transactions otherwise
prohibited by the RuHSR, including
transactions involving any person
blocked pursuant to the RuHSR other
PO 00000
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than the blocked persons described in
paragraph (a) of this general license,
unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: April 6, 2022.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations 31 CFR Part 587
GENERAL LICENSE NO. 21A
Authorizing the Wind Down of
Sberbank CIB USA, Inc. and Alrosa
USA, Inc.
(a) Except as provided in paragraph
(b) of this general license, U.S. persons
are authorized to engage in all
transactions ordinarily incident and
necessary to the wind down of Sberbank
CIB USA, Inc. or Alrosa USA, Inc.
(collectively, the ‘‘blocked entities’’), or
any entity in which the blocked entities
own, directly or indirectly, a 50 percent
or greater interest, that are prohibited by
the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR), including the processing and
payment of salaries, severance, and
expenses; payments to vendors and
landlords; and closing of accounts,
through 12:01 a.m. eastern daylight
time, June 7, 2022.
(b) This general license does not
authorize any transactions otherwise
prohibited by the RuHSR, including
transactions involving any person
blocked pursuant to the RuHSR other
than the blocked persons described in
paragraph (a) of this general license,
unless separately authorized.
(c) Effective April 7, 2022, General
License 21, dated April 6, 2022, is
replaced and superseded in its entirety
by this General License No. 21A.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets
Control.
Dated: April 7, 2022.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations 31 CFR Part 587
GENERAL LICENSE NO. 22
Authorizing the Wind Down of
Transactions Involving Public Joint
Stock Company Sberbank of Russia
(a) Except as provided in paragraph
(b) of this general license, all
transactions ordinarily incident and
necessary to the wind down of
transactions involving Public Joint
Stock Company Sberbank of Russia
(‘‘Sberbank’’) or any entity in which
Sberbank owns, directly or indirectly, a
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]]>Agencies
[Federal Register Volume 87, Number 174 (Friday, September 9, 2022)]
[Rules and Regulations]
[Pages 55274-55276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19509]
[[Page 55274]]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 1, 1A, 2, 3, 4, 5, and 7
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 seven general licenses (GLs) issued in the
Russian Harmful Foreign Activities Sanctions program: GLs 1, 1A, 2, 3,
4, 5, and 7, each of which was previously made available on OFAC's
website.
DATES: GL1, issued on May 21, 2021, was superseded by GL 1A, issued on
August 20, 2021. See SUPPLEMENTARY INFORMATION 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.treas.gov/ofac.
Background
On May 21, 2021, OFAC issued GL 1 to authorize certain activities
prohibited by the Protecting Europe's Energy Security Act of 2019, 22
U.S.C. 9526 note, as amended. On August 20, 2021, OFAC issued GL 1A,
which superseded GL 1.
On February 22, 2022, OFAC issued GL 2 and GL 3 to authorize
certain activities prohibited by Executive Order (E.O.) 14024 of April
15, 2021, ``Blocking Property With Respect To Specified Harmful Foreign
Activities of the Government of the Russian Federation'' (86 FR 20249,
April 19, 2022). GL 3 expired on March 24, 2022. On February 23, 2022,
OFAC issued GL 4 to authorize certain activities prohibited by E.O.
14039 of August 20, 2021, ``Blocking Property with Respect to Certain
Russian Energy Export Pipelines'' (86 FR 47205, August 24, 2021). GL 4
expired on March 2, 2022.
On February 24, 2022, OFAC issued GLs 5 and 7, among others, to
authorize certain activities prohibited by E.O. 14024.
At the time of issuance, OFAC made GLs 1, 1A, 2, 3, 4, 5, and 7
available on its website (www.treas.gov/ofac). The text of these GLs is
provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Protecting Europe's Energy Security Act of 2019 22 U.S.C. 9526 Note, as
Amended
GENERAL LICENSE NO. 1
Authorizing Certain Activities Involving Federal State Budgetary
Institution Marine Rescue Service
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by the Protecting Europe's
Energy Security Act of 2019, 22 U.S.C. 9526 note, as amended (PEESA),
involving Federal State Budgetary Institution Marine Rescue Service
(MRS), or any entity in which MRS owns, directly or indirectly, a 50
percent or greater interest, that are not related to the construction
of the Nord Stream 2 pipeline project, the TurkStream pipeline project,
or any project that is a successor to either such project, are
authorized.
(b) This general license does not authorize:
(1) Any transactions or activities involving any vessels identified
on the Office of Foreign Assets Control's Non-SDN Menu-Based Sanctions
List (NS-MBS List) as blocked property of MRS or of any entity in which
MRS owns, directly or indirectly, a 50 percent or greater interest; or
(2) Any transactions or activities otherwise prohibited by PEESA,
or prohibited by any part of 31 CFR chapter V, other statute, or
Executive order, or involving any blocked person other than the blocked
persons identified in paragraph (a) of this general license.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
Dated: May 21, 2021.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order of August 20, 2021
Blocking Property With Respect to Certain Russian Energy Export
Pipelines
Protecting Europe's Energy Security Act of 2019 22 U.S.C. 9526 Note, as
Amended
GENERAL LICENSE NO. 1A
Authorizing Certain Activities Involving Federal State Budgetary
Institution Marine Rescue Service
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by Executive Order (E.O.) of
August 20, 2021 or the Protecting Europe's Energy Security Act of 2019,
22 U.S.C. 9526 note, as amended (PEESA), involving Federal State
Budgetary Institution Marine Rescue Service (MRS), or any entity in
which MRS owns, directly or indirectly, a 50 percent or greater
interest, that are not related to the construction of the Nord Stream 2
pipeline project, the TurkStream pipeline project, or any project that
is a successor to either such project, are authorized.
(b) This general license does not authorize:
(1) Any transactions or activities involving any vessels identified
on the Office of Foreign Assets Control's Specially Designated
Nationals and Blocked Persons List (SDN List) as blocked property of
MRS, including vessels identified as blocked property of any entity in
which MRS owns, directly or indirectly, a 50 percent or greater
interest; or
(2) Any transactions or activities otherwise prohibited by E.O. of
August 20, 2021 or PEESA, or prohibited by any part of 31 CFR chapter
V, other statute, or other Executive order, or involving any blocked
person other than the blocked persons identified in paragraph (a) of
this general license.
(c) Effective August 20, 2021, General License No. 1, dated May 21,
2021, is replaced and superseded in its entirety by this General
License No. 1A.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
Dated: August 20, 2021.
[[Page 55275]]
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14024 of April 15, 2021
Blocking Property With Respect to Specified Harmful Foreign Activities
of the Government of the Russian Federation
GENERAL LICENSE NO. 2
Authorizing Certain Servicing Transactions Involving State Corporation
Bank for Development and Foreign Economic Affairs Vnesheconombank
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 involving
State Corporation Bank for Development and Foreign Economic Affairs
Vnesheconombank (VEB), or any entity in which VEB owns, directly or
indirectly, a 50 percent or greater interest, that are ordinarily
incident and necessary to the servicing of bonds issued before March 1,
2022 by the Central Bank of the Russian Federation, the National Wealth
Fund of the Russian Federation, or the Ministry of Finance of the
Russian Federation are authorized.
(b) This general license does not authorize:
(1) Any transactions prohibited by Directive 1A under E.O. 14024,
Prohibitions Related to Certain Sovereign Debt of the Russian
Federation; or
(2) Any transactions involving any person blocked pursuant to E.O.
14024 other than the blocked persons described in paragraph (a) of this
general license, unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 22, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14024 of April 15, 2021
Blocking Property With Respect To Specified Harmful Foreign Activities
of the Government of the Russian Federation
GENERAL LICENSE NO. 3
Authorizing the Wind Down of Transactions Involving State Corporation
Bank for Development and Foreign Economic Affairs Vnesheconombank
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the wind down of transactions
involving State Corporation Bank for Development and Foreign Economic
Affairs Vnesheconombank (VEB), or any entity in which VEB owns,
directly or indirectly, a 50 percent or greater interest, are
authorized through 12:01 a.m. eastern daylight time, March 24, 2022.
(b) This general license does not authorize any transactions
involving any person blocked pursuant to E.O. 14024 other than the
blocked persons described in paragraph (a) of this general license,
unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 22, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14039 of August 20, 2021
Blocking Property With Respect to Certain Russian Energy Export
Pipelines
GENERAL LICENSE NO. 4
Authorizing the Wind Down of Transactions Involving Nord Stream 2 AG
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14039 that are
ordinarily incident and necessary to the wind down of transactions
involving Nord Stream 2 AG, or any entity in which Nord Stream 2 AG
owns, directly or indirectly, a 50 percent or greater interest, are
authorized through 12:01 a.m. eastern standard time, March 2, 2022.
(b) This general license does not authorize any transactions
involving any person blocked pursuant to E.O. 14039 other than the
blocked persons described in paragraph (a) of this general license,
unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 23, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14024 of April 15, 2021
Blocking Property With Respect To Specified Harmful Foreign Activities
of the Government of the Russian Federation
GENERAL LICENSE NO. 5
Official Business of Certain International Organizations and Entities
All transactions prohibited by Executive Order (E.O.) 14024 that
are for the conduct of the official business of the following entities
by employees, grantees, or contractors thereof are authorized:
(a) The International Centre for Settlement of Investment Disputes
(ICSID) and the Multilateral Investment Guarantee Agency (MIGA);
(b) The African Development Bank Group, the Asian Development Bank,
the European Bank for Reconstruction and Development, and the Inter-
American Development Bank Group (IDB Group), including any fund entity
administered or established by any of the foregoing; and
(c) The International Committee of the Red Cross and the
International Federation of Red Cross and Red Crescent Societies.
Note to General License No. 5. See also section 9 of E.O. 14024,
which exempts transactions that are for the conduct of the official
business of the United Nations (including its specialized agencies,
programs, funds, and related organizations) by employees, grantees,
or contractors thereof.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 14024 of April 15, 2021
Blocking Property With Respect To Specified Harmful Foreign Activities
of the Government of the Russian Federation
GENERAL LICENSE NO. 7
Authorizing Overflight Payments, Emergency Landings, and Air Ambulance
Services
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the receipt of, and payment of
charges for, services rendered in connection with overflights of the
Russian Federation or emergency
[[Page 55276]]
landings in the Russian Federation by aircraft registered in the United
States or owned or controlled by, or chartered to, U.S. persons are
authorized.
(b) Except as provided in paragraph (c) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to provide air ambulance and related medical services,
including medical evacuation, to individuals in the Russian Federation
are authorized.
(c) This general license does not authorize the opening or
maintaining of a correspondent account or payable-through account for
or on behalf of any entity subject to Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-19509 Filed 9-8-22; 8:45 am]
BILLING CODE 4810-AL-P
