Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 54, 76930-76931 [2022-27226]

Download as PDF 76930 Federal Register / Vol. 87, No. 241 / Friday, December 16, 2022 / Rules and Regulations OFFICE OF FOREIGN ASSETS CONTROL applicable; a final order of the Commission; and final agency action. Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 Edward Simermeyer, Chairman. Jean Hovland, Vice Chair. GENERAL LICENSE NO. 13C [FR Doc. 2022–27034 Filed 12–15–22; 8:45 am] BILLING CODE 7565–01–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 587 Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 13C Office of Foreign Assets Control, Treasury. AGENCY: ACTION: Publication of web general license. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 13C, which was previously made available on OFAC’s website. SUMMARY: GL 13C was issued on November 21, 2022. See SUPPLEMENTARY INFORMATION 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. Authorizing Certain Administrative Transactions Prohibited by Directive 4 Under Executive Order 14024 (a) Except as provided in paragraph (b) of this general license, U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, are authorized to pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, or certifications, to the extent such transactions are prohibited by Directive 4 under Executive Order 14024, Prohibitions Related to Transactions Involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation, provided such transactions are ordinarily incident and necessary to the dayto-day operations in the Russian Federation of such U.S. persons or entities, through 12:01 a.m. eastern standard time, March 7, 2023. (b) This general license does not authorize: (1) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; or (2) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. (c) Effective November 21, 2022, General License No. 13B, dated September 8, 2022, is replaced and superseded in its entirety by this General License No. 13C. Andrea M. Gacki, Director, Office of Foreign Assets Control. Dated: November 21, 2022. Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2022–27238 Filed 12–15–22; 8:45 am] BILLING CODE P SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY Electronic Availability Office of Foreign Assets Control This document and additional information concerning OFAC are available on OFAC’s website: www.treas.gov/ofac. 31 CFR Part 587 Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 54 lotter on DSK11XQN23PROD with RULES1 Background On November 21, 2022, OFAC issued GL 13C to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. GL 13C was made available on OFAC’s website (www.treas.gov/ofac) when it was issued. The text of GL 13C is provided below. VerDate Sep<11>2014 17:07 Dec 15, 2022 Jkt 259001 Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to SUMMARY: PO 00000 Frm 00012 Fmt 4700 Sfmt 4700 the Russian Harmful Foreign Activities Sanctions Regulations: GL 54, which was previously made available on OFAC’s website. GL 54 was issued on November 18, 2022. See SUPPLEMENTARY INFORMATION 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: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: www.treas.gov/ofac. Background On November 18, 2022, OFAC issued GL 54 to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. At the time of issuance, OFAC made GL 54 available on its website (www.treas.gov/ ofac). The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 54 Authorizing Certain Transactions Involving VEON Ltd. Prohibited by Executive Order 14071 (a) Except as provided in paragraph (b) of this general license, all transactions ordinarily incident and necessary to the purchase or receipt of any debt or equity securities of VEON Ltd. that are prohibited by section 1(a)(i) of Executive Order (E.O.) 14071 are authorized, provided that the debt or equity securities were issued prior to June 6, 2022. Note to paragraph (a). Except as provided in paragraph (b) of this general license, all transactions ordinarily incident and necessary to facilitating, clearing, and settling of transactions authorized by paragraph (a) of this general license that are prohibited by section 1(a)(i) of E.O. 14071 are authorized. (b) This general license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. Andrea M. Gacki, Director, Office of Foreign Assets Control. E:\FR\FM\16DER1.SGM 16DER1 Federal Register / Vol. 87, No. 241 / Friday, December 16, 2022 / Rules and Regulations Dated: November 18, 2022. Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2022–27226 Filed 12–15–22; 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 Determination and Web General Licenses 55, 56, and 57 Office of Foreign Assets Control, Treasury. ACTION: Publication of determination and web general licenses. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a determination issued pursuant to an April 6, 2022 Executive order, which was previously made available on OFAC’s website. OFAC is also publishing three general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 55, 56, and 57, each of which was previously made available on OFAC’s website. DATES: The determination issued pursuant to section 1(a)(ii) of Executive Order 14071 was issued on November 21, 2022. See SUPPLEMENTARY INFORMATION for additional relevant dates. SUMMARY: 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. lotter on DSK11XQN23PROD with RULES1 Background On April 6, 2022, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), issued Executive Order (E.O.) 14071, ‘‘Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression’’ (87 FR 20999, April 8, 2022). Among other VerDate Sep<11>2014 17:07 Dec 15, 2022 Jkt 259001 prohibitions, section 1(a)(ii) of E.O. 14071 prohibits the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any category of services as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State, to any person located in the Russian Federation. On November 21, 2022, the Secretary of the Treasury, in consultation with the Secretary of State, issued a category of services determination pursuant to E.O. 14071, ‘‘Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin.’’ OFAC made this determination available on its website (www.treas.gov/ofac) on November 22, 2022. The determination takes effect at 12:01 a.m. eastern standard time on December 5, 2022. The text of this determination is provided below. Also on November 22, 2022, OFAC issued GLs 55, 56, and 57 to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. At the time of their issuance, OFAC made GLs 55, 56, and 57 available on its website (www.treas.gov/ofac). The text of these GLs is provided below. Determination Pursuant to Section (1)(a)(ii) of Executive Order 14071 Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin Pursuant to sections 1(a)(ii), 1(b), and 5 of Executive Order (E.O.) 14071 of April 6, 2022 (‘‘Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression’’), the Secretary of the Treasury, in consultation with the Secretary of State, hereby determines that the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to the following categories of services as they relate to the maritime transport of crude oil of Russian Federation origin (collectively, the ‘‘Covered Services’’): • Trading/commodities brokering; • Financing; • Shipping; • Insurance, including reinsurance and protection and indemnity; • Flagging; and • Customs brokering. As a result, the following activities are prohibited, except to the extent provided by law, or unless licensed or otherwise authorized by the Office of Foreign Assets Control: the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any of the Covered Services to any person located in the Russian Federation. Notwithstanding that prohibition, the Covered Services are hereby authorized when PO 00000 Frm 00013 Fmt 4700 Sfmt 4700 76931 the price of the crude oil of Russian Federation origin does not exceed the relevant price cap determined by the Secretary of the Treasury, in consultation with the Secretary of State. The prohibitions on Covered Services in this determination shall take effect beginning at 12:01 a.m. eastern standard time on December 5, 2022. This determination excludes Covered Services with respect to crude oil of Russian Federation origin when such crude oil is loaded onto a vessel at the port of loading prior to 12:01 a.m. eastern standard time on December 5, 2022, and unloaded at the port of destination prior to 12:01 a.m. eastern standard time on January 19, 2023. This determination does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. Janet L. Yellen, November 21, 2022. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 55 Authorizing Certain Services Related to Sakhalin-2 (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the determination of November 21, 2022 made pursuant to section 1(a)(ii) of Executive Order 14071 (‘‘Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin’’) related to the maritime transport of crude oil originating from the Sakhalin-2 project (‘‘Sakhalin-2 byproduct’’) are authorized through 12:01 a.m. eastern daylight time, September 30, 2023, provided that the Sakalin-2 byproduct is solely for importation into Japan. (b) This general license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. Andrea M. Gacki, Director, Office of Foreign Assets Control. Dated: November 22, 2022. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 56 Authorizing Certain Services With Respect to the European Union (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the determination of November 21, 2022 made pursuant to section 1(a)(ii) of Executive Order 14071 (‘‘Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin’’) related to the E:\FR\FM\16DER1.SGM 16DER1

Agencies

[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Rules and Regulations]
[Pages 76930-76931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27226]


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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 License 54

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Russian Harmful Foreign Activities Sanctions Regulations: GL 54, 
which was previously made available on OFAC's website.

DATES: GL 54 was issued on November 18, 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.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treas.gov/ofac.

Background

    On November 18, 2022, OFAC issued GL 54 to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587. At the time of 
issuance, OFAC made GL 54 available on its website (www.treas.gov/ofac). The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 54

Authorizing Certain Transactions Involving VEON Ltd. Prohibited by 
Executive Order 14071

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the purchase 
or receipt of any debt or equity securities of VEON Ltd. that are 
prohibited by section 1(a)(i) of Executive Order (E.O.) 14071 are 
authorized, provided that the debt or equity securities were issued 
prior to June 6, 2022.
    Note to paragraph (a). Except as provided in paragraph (b) of 
this general license, all transactions ordinarily incident and 
necessary to facilitating, clearing, and settling of transactions 
authorized by paragraph (a) of this general license that are 
prohibited by section 1(a)(i) of E.O. 14071 are authorized.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the Russian Harmful Foreign Activities 
Sanctions Regulations, 31 CFR part 587 (RuHSR), including 
transactions involving any person blocked pursuant to the RuHSR, 
unless separately authorized.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.


[[Page 76931]]


    Dated: November 18, 2022.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-27226 Filed 12-15-22; 8:45 am]
BILLING CODE 4810-AL-P
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