Publication of Russian Harmful Foreign Activities Sanctions Regulations Determination, 16887 [2023-05645]
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Federal Register / Vol. 88, No. 54 / Tuesday, March 21, 2023 / Rules and Regulations
amended by Pub. L. 109–144, 119 Stat. 2660,
Pub. L. 110–160, 121 Stat. 1839, Pub. L. 114–
1, 129 Stat. 3, and Pub. L. 116–94, 133 Stat.
2534 (15 U.S.C. 6701 note); Pub. L. 114–74,
129 Stat. 601, Title VII (28 U.S.C. 2461 note);
Pub. L. 116–94, Div. I, Title V, § 501, 133
Stat. 3026.
6. Amend § 50.83 by revising
paragraph (a) to read as follows:
■
§ 50.83 Adjustment of civil monetary
penalty amount.
(a) Inflation adjustment. Any penalty
under the Act and these regulations may
not exceed the greater of $1,643,738
and, in the case of any failure to pay,
charge, collect or remit amounts in
accordance with the Act or these
regulations, such amount in dispute.
*
*
*
*
*
Kayla Arslanian,
Executive Secretary.
[FR Doc. 2023–05769 Filed 3–20–23; 8:45 am]
BILLING CODE 4810–AK–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Determination
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Publication of a determination.
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing a sector
determination issued pursuant to an
April 15, 2021 Executive order. The
determination was previously issued on
OFAC’s website.
SUMMARY:
The Determination Pursuant to
Section 1(a)(i) of Executive Order 14024
was issued on February 24, 2023. See
SUPPLEMENTARY INFORMATION for
additional relevant dates.
DATES:
ddrumheller on DSK120RN23PROD with RULES1
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.
VerDate Sep<11>2014
16:41 Mar 20, 2023
Jkt 259001
Background
On April 15, 2021, 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.)
14024 (86 FR 20249, April 19, 2022).
Among other prohibitions, section
1(a)(i) of E.O. 14024 blocks, with certain
exceptions, all property and interests in
property that are in the United States,
that come within the United States, or
that are or come within the possession
or control of any U.S. person of any
person determined by the Secretary of
the Treasury, in consultation with the
Secretary of State, or by the Secretary of
State, in consultation with the Secretary
of the Treasury, to operate or have
operated in the technology sector or the
defense and related material sector of
the Russian Federation economy, or any
other sector of the Russian Federation
economy as may be determined by the
Secretary of the Treasury, in
consultation with the Secretary of State.
On February 24, 2023, pursuant to
delegated authority, the Director of
OFAC, in consultation with the
Department of State, determined that
the prohibitions in section 1(a)(i) of E.O.
14024 shall apply to the metals and
mining sector of the Russian Federation
economy.
The determination took effect on
February 24, 2023. The text of the
determination is below.
OFFICE OF FOREIGN ASSETS
CONTROL
Determination Pursuant to Section
1(a)(i) of Executive Order 14024
Metals and Mining Sector of the
Russian Federation Economy
Section 1(a)(i) of 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’’) imposes economic
sanctions on any person determined by
the Secretary of the Treasury, in
consultation with the Secretary of State,
or the Secretary of State, in consultation
with the Secretary of the Treasury, to
operate or have operated in such sectors
of the Russian Federation economy as
may be determined by the Secretary of
the Treasury, in consultation with the
Secretary of State.
To further address the unusual and
extraordinary threat to the national
security, foreign policy, and economy of
the United States described in E.O.
14024, and in consultation with the
Department of State and pursuant to 31
CFR 587.802, I hereby determine that
section 1(a)(i) of E.O. 14024 shall apply
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16887
to the metals and mining sector of the
Russian Federation economy. Any
person determined, pursuant to section
1(a)(i) of E.O. 14024, to operate or have
operated in this sector shall be subject
to sanctions pursuant to section 1(a)(i).
This determination shall take effect
on February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–05645 Filed 3–20–23; 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 8E,
58, and 59
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 three
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs
8E, 58, and 59, each of which was
previously made available on OFAC’s
website.
DATES: GLs 8E, 58, and 59 were issued
on December 15, 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:
SUMMARY:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website:
www.treas.gov/ofac.
Background
On December 15, 2022, OFAC issued
GLs 8E, 58, and 59 to authorize certain
transactions otherwise prohibited by the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587.
Each GL was made available on OFAC’s
E:\FR\FM\21MRR1.SGM
21MRR1
]]>Agencies
[Federal Register Volume 88, Number 54 (Tuesday, March 21, 2023)]
[Rules and Regulations]
[Page 16887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05645]
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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 Determination
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a determination.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a sector determination issued pursuant to
an April 15, 2021 Executive order. The determination was previously
issued on OFAC's website.
DATES: The Determination Pursuant to Section 1(a)(i) of Executive Order
14024 was issued on February 24, 2023. 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 April 15, 2021, 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.) 14024 (86 FR 20249,
April 19, 2022). Among other prohibitions, section 1(a)(i) of E.O.
14024 blocks, with certain exceptions, all property and interests in
property that are in the United States, that come within the United
States, or that are or come within the possession or control of any
U.S. person of any person determined by the Secretary of the Treasury,
in consultation with the Secretary of State, or by the Secretary of
State, in consultation with the Secretary of the Treasury, to operate
or have operated in the technology sector or the defense and related
material sector of the Russian Federation economy, or any other sector
of the Russian Federation economy as may be determined by the Secretary
of the Treasury, in consultation with the Secretary of State. On
February 24, 2023, pursuant to delegated authority, the Director of
OFAC, in consultation with the Department of State, determined that the
prohibitions in section 1(a)(i) of E.O. 14024 shall apply to the metals
and mining sector of the Russian Federation economy.
The determination took effect on February 24, 2023. The text of the
determination is below.
OFFICE OF FOREIGN ASSETS CONTROL
Determination Pursuant to Section 1(a)(i) of Executive Order 14024
Metals and Mining Sector of the Russian Federation Economy
Section 1(a)(i) of 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'') imposes
economic sanctions on any person determined by the Secretary of the
Treasury, in consultation with the Secretary of State, or the Secretary
of State, in consultation with the Secretary of the Treasury, to
operate or have operated in such sectors of the Russian Federation
economy as may be determined by the Secretary of the Treasury, in
consultation with the Secretary of State.
To further address the unusual and extraordinary threat to the
national security, foreign policy, and economy of the United States
described in E.O. 14024, and in consultation with the Department of
State and pursuant to 31 CFR 587.802, I hereby determine that section
1(a)(i) of E.O. 14024 shall apply to the metals and mining sector of
the Russian Federation economy. Any person determined, pursuant to
section 1(a)(i) of E.O. 14024, to operate or have operated in this
sector shall be subject to sanctions pursuant to section 1(a)(i).
This determination shall take effect on February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-05645 Filed 3-20-23; 8:45 am]
BILLING CODE 4810-AL-P
