Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 8F, 13D, 60, and 61, 16889-16891 [2023-05648]
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Federal Register / Vol. 88, No. 54 / Tuesday, March 21, 2023 / Rules and Regulations
ddrumheller on DSK120RN23PROD with RULES1
2022, are authorized through 12:01 a.m.
eastern daylight time, March 15, 2023.
(c) Except as provided in paragraph
(e) of this general license, all
transactions prohibited by E.O. 14024
that are ordinarily incident and
necessary to the wind down of
derivative contracts entered into prior to
4:00 p.m. eastern standard time,
December 15, 2022, that (i) include a
blocked person described in paragraph
(a) of this general license as a
counterparty or (ii) are linked to covered
debt or equity are authorized through
12:01 a.m. eastern daylight time, March
15, 2023, provided that any payments to
a blocked person are made into a
blocked account in accordance with the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR).
(d) Paragraph (a) of this general
license does not authorize:
(1) U.S. persons to sell, or to facilitate
the sale of, covered debt or equity to,
directly or indirectly, any person whose
property and interests in property are
blocked; or
(2) U.S. persons to purchase or invest
in, or to facilitate the purchase of or
investment in, directly or indirectly,
covered debt or equity, other than
purchases of or investments in covered
debt or equity ordinarily incident and
necessary to the divestment or transfer
of covered debt or equity as described
in paragraph (a) of this general license.
(e) This general license does not
authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(2) 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
(3) 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.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
DEPARTMENT OF THE TREASURY
OFFICE OF FOREIGN ASSETS
CONTROL
Office of Foreign Assets Control
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses 8F,
13D, 60, and 61
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 four
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs
8F, 13D, 60, and 61, each of which were
previously made available on OFAC’s
website.
SUMMARY:
GLs 8F, 13D, 60, and 61 were
issued on February 24, 2023. 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 February 24, 2023, OFAC issued
GLs 8F, 13D, 60, and 61 to authorize
certain transactions otherwise
prohibited by the Russian Harmful
Foreign Activities Sanctions
Regulations, 31 CFR part 587. GLs 8F
and 13D superseded GLs 8E and 13C,
respectively. Each GL was made
available on OFAC’s website
(www.treas.gov/ofac) when it was
issued. The text of these GLs is provided
below.
Dated: December 15, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–05649 Filed 3–20–23; 8:45 am]
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GENERAL LICENSE NO. 8F
Authorizing Transactions Related to
Energy
(a) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 involving one or
more of the following entities that are
related to energy are authorized,
through 12:01 a.m. eastern daylight
time, May 16, 2023:
(1) State Corporation Bank for
Development and Foreign Economic
Affairs Vnesheconombank;
(2) Public Joint Stock Company Bank
Financial Corporation Otkritie;
(3) Sovcombank Open Joint Stock
Company;
(4) Public Joint Stock Company
Sberbank of Russia;
(5) VTB Bank Public Joint Stock
Company;
(6) Joint Stock Company Alfa-Bank;
(7) Public Joint Stock Company
Rosbank;
(8) Bank Zenit Public Joint Stock
Company;
(9) Bank Saint-Petersburg Public Joint
Stock Company;
(10) Any entity in which one or more
of the above persons own, directly or
indirectly, individually or in the
aggregate, a 50 percent or greater
interest; or
(11) the Central Bank of the Russian
Federation.
(b) For the purposes of this general
license, the term ‘‘related to energy’’
means the extraction, production,
refinement, liquefaction, gasification,
regasification, conversion, enrichment,
fabrication, transport, or purchase of
petroleum, including crude oil, lease
condensates, unfinished oils, natural gas
liquids, petroleum products, natural gas,
or other products capable of producing
energy, such as coal, wood, or
agricultural products used to
manufacture biofuels, or uranium in any
form, as well as the development,
production, generation, transmission, or
exchange of power, through any means,
including nuclear, thermal, and
renewable energy sources.
(c) 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;
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Federal Register / Vol. 88, No. 54 / Tuesday, March 21, 2023 / Rules and Regulations
(2) 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;
(3) Any debit to an account on the
books of a U.S. financial institution of
the Central Bank of the Russian
Federation; or
(4) 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
other than the blocked persons
described in paragraph (a) of this
general license, unless separately
authorized.
(d) Effective February 24, 2023,
General License No. 8E, dated December
15, 2022, is replaced and superseded in
its entirety by this General License No.
8F.
Note to General License No. 8F. This
authorization is valid until May 16, 2023
unless renewed.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
ddrumheller on DSK120RN23PROD with RULES1
GENERAL LICENSE NO. 13D
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
day-to-day operations in the Russian
Federation of such U.S. persons or
entities, through 12:01 a.m. eastern
daylight time, June 6, 2023.
(b) This general license does not
authorize:
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Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 60
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
VerDate Sep<11>2014
(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 February 24, 2023,
General License No. 13C, dated
November 21, 2022, is replaced and
superseded in its entirety by this
General License No. 13D.
Authorizing the Wind Down and
Rejection of Transactions Involving
Certain Entities Blocked on February
24, 2023
(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 wind
down of transactions involving one or
more of the following blocked persons
(collectively, ‘‘the Blocked Entities’’) are
authorized through 12:01 a.m. eastern
daylight time, May 25, 2023, provided
that any payment to a Blocked Entity is
made into a blocked account in
accordance with the Russian Harmful
Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR):
(1) Bank Saint-Petersburg Public Joint
Stock Company;
(2) Bank Zenit Public Joint Stock
Company;
(3) Joint Stock Commercial Bank
Primorye;
(4) Public Joint Stock Company Bank
Uralsib;
(5) Joint Stock Company Commercial
Bank Lanta Bank;
(6) SDM-Bank Public Joint Stock
Company;
(7) Public Joint Stock Company Stock
Commercial Bank Metallurgical
Investment Bank;
(8) Public Joint Stock Company Ural
Bank for Reconstruction And
Development;
(9) Credit Bank of Moscow Public
Joint Stock Company; or
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(10) Any entity in which one or more
of the above persons own, directly or
indirectly, individually or in the
aggregate, a 50 percent or greater
interest.
(b) Except as provided in paragraph
(c) of this general license, U.S. persons
are authorized to reject, rather than
block, all transactions prohibited by
E.O. 14024 that are ordinarily incident
and necessary to the processing of funds
involving one or more of the Blocked
Entities as an originating, intermediary,
or beneficiary financial institution,
through 12:01 a.m. eastern daylight
time, May 25, 2023.
(c) This general license does not
authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(2) 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
(3) Any transactions otherwise
prohibited by the RuHSR, including
transactions involving any person
blocked pursuant to the RuHSR other
than the Blocked Entities described in
paragraph (a) of this general license,
unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 61
Authorizing Transactions Related to
Debt or Equity of, or Derivative
Contracts Involving, Certain Entities
Blocked on February 24, 2023
(a) Except as provided in paragraphs
(d) and (e) of this general license, all
transactions prohibited by Executive
Order (E.O.) 14024 that are ordinarily
incident and necessary to the
divestment or transfer, or the facilitation
of the divestment or transfer, of debt or
equity of the following blocked persons
(‘‘covered debt or equity’’) to a non-U.S.
person are authorized through 12:01
a.m. eastern daylight time, May 25,
2023:
(1) Bank Saint-Petersburg Public Joint
Stock Company;
(2) Bank Zenit Public Joint Stock
Company;
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Federal Register / Vol. 88, No. 54 / Tuesday, March 21, 2023 / Rules and Regulations
(3) Public Joint Stock Company Bank
Uralsib;
(4) Joint Stock Company Commercial
Bank Lanta Bank;
(5) SDM-Bank Public Joint Stock
Company;
(6) Public Joint Stock Company Stock
Commercial Bank Metallurgical
Investment Bank; or
(7) Any entity in which one or more
of the above persons own, directly or
indirectly, individually or in the
aggregate, a 50 percent or greater
interest.
(b) Except as provided in paragraph
(e) of this general license, all
transactions prohibited by E.O. 14024
that are ordinarily incident and
necessary to facilitating, clearing, and
settling trades of covered debt or equity
that were placed prior to 4:00 p.m.
eastern standard time, February 24,
2023, are authorized through 12:01 a.m.
eastern daylight time, May 25, 2023.
(c) Except as provided in paragraph
(e) of this general license, all
transactions prohibited by E.O. 14024
that are ordinarily incident and
necessary to the wind down of
derivative contracts entered into prior to
4:00 p.m. eastern standard time,
February 24, 2023, that (i) include a
blocked person described in paragraph
(a) of this general license as a
counterparty or (ii) are linked to covered
debt or equity are authorized through
12:01 a.m. eastern daylight time, May
25, 2023, provided that any payments to
a blocked person are made into a
blocked account in accordance with the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR).
(d) Paragraph (a) of this general
license does not authorize:
(1) U.S. persons to sell, or to facilitate
the sale of, covered debt or equity to,
directly or indirectly, any person whose
property and interests in property are
blocked; or
(2) U.S. persons to purchase or invest
in, or to facilitate the purchase of or
investment in, directly or indirectly,
covered debt or equity, other than
purchases of or investments in covered
debt or equity ordinarily incident and
necessary to the divestment or transfer
of covered debt or equity as described
in paragraph (a) of this general license.
(e) This general license does not
authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(2) Any debit to an account on the
books of a U.S. financial institution of
VerDate Sep<11>2014
16:41 Mar 20, 2023
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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(3) 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.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023–05648 Filed 3–20–23; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2022–0892]
RIN 1625–AA09
Drawbridge Operation Regulation:
Housatonic River, Stratford, CT
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
temporarily modifying the operating
schedule that governs the US 1 Bridge
across the Housatonic River, mile 3.5, at
Stratford, CT. This action is necessary to
allow for an unexpected delay in
construction material delivery related to
the COVID–19 pandemic. This
temporary final rule is necessary to
allow the bridge owner to complete the
remaining replacements and repairs.
DATES: This temporary final rule is
effective from March 21, 2023 through
12:01 a.m. on July 1, 2023.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov. Type the docket
number (USCG–2022–0892) in the
‘‘SEARCH’’ box and click ‘‘SEARCH’’. In
the Document Type column, select
‘‘Supporting & Related Material.’’
FOR FURTHER INFORMATION CONTACT: If
you have questions on this temporary
final rule, call or email Stephanie E.
Lopez, Coast Guard Bridge Management
Specialist; telephone (212) 514–4335,
email Stephanie.E.Lopez@uscg.mil.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Table of Abbreviations
CFR
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16891
DHS Department of Homeland Security
FR Federal Register
TFR Temporary Final Rule
OMB Office of Management and Budget
Pub. L. Public Law
§ Section
U.S.C. United States Code
II. Background Information and
Regulatory History
The Coast Guard is issuing this
temporary final rule without prior
notice and opportunity to comment
pursuant to authority under section 4(a)
of the Administrative Procedure Act
(APA) (5 U.S.C. 553(b)). This provision
authorizes an agency to issue a rule
without prior notice and opportunity to
comment when the agency for good
cause finds that those procedures are
‘‘impracticable, unnecessary, or contrary
to the public interest.’’ Under 5 U.S.C.
553(b), the Coast Guard finds that good
cause exists for not publishing a notice
of proposed rulemaking (NPRM) with
respect to this rule because it is
unnecessary.
On 19 April 2021, the Coast Guard
issued a General Deviation which
allowed the bridge owner to deviate
from the current operating schedule in
33 CFR 117.207(a) to repair the bridge.
This deviation letter can be found in
this Docket as supporting
documentation. Due to delays in
procuring materials, the project ran past
the approved deviation. The work
cannot stop and needs to continue in
order to bring the bridge back to normal
operation. Therefore, there is lack of
sufficient time to provide a reasonable
comment period and then consider
those comments before issuing the
modification.
Under 5 U.S.C. 553(d)(3), the Coast
Guard finds that good cause exists for
making it effective in less than 30 days
after publication in the Federal
Register. For reasons presented above,
delaying the effective date of this rule
would be impracticable and contrary to
the public interest given the need to
complete repairs to the bridge which are
already underway and preventing full
operation.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority in 33 U.S.C. 499. The
Coast Guard is modifying the operating
schedule that governs the US 1 Bridge
across the Housatonic River, mile 3.5,
Stratford, Connecticut. The US 1 Bridge
has a vertical clearance in the closed
position of 32 feet at mean high water.
The existing drawbridge regulation is
listed at 33 CFR 117.207(a). The
Connecticut Department of
Transportation, the bridge owner, has
requested this modification as
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[Federal Register Volume 88, Number 54 (Tuesday, March 21, 2023)]
[Rules and Regulations]
[Pages 16889-16891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05648]
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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 8F, 13D, 60, and 61
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 four general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 8F, 13D, 60, and 61, each of which were previously
made available on OFAC's website.
DATES: GLs 8F, 13D, 60, and 61 were 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 February 24, 2023, OFAC issued GLs 8F, 13D, 60, and 61 to
authorize certain transactions otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. GLs
8F and 13D superseded GLs 8E and 13C, respectively. Each GL was made
available on OFAC's website (www.treas.gov/ofac) when it was issued.
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. 8F
Authorizing Transactions Related to Energy
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 involving
one or more of the following entities that are related to energy are
authorized, through 12:01 a.m. eastern daylight time, May 16, 2023:
(1) State Corporation Bank for Development and Foreign Economic
Affairs Vnesheconombank;
(2) Public Joint Stock Company Bank Financial Corporation Otkritie;
(3) Sovcombank Open Joint Stock Company;
(4) Public Joint Stock Company Sberbank of Russia;
(5) VTB Bank Public Joint Stock Company;
(6) Joint Stock Company Alfa-Bank;
(7) Public Joint Stock Company Rosbank;
(8) Bank Zenit Public Joint Stock Company;
(9) Bank Saint-Petersburg Public Joint Stock Company;
(10) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest; or
(11) the Central Bank of the Russian Federation.
(b) For the purposes of this general license, the term ``related to
energy'' means the extraction, production, refinement, liquefaction,
gasification, regasification, conversion, enrichment, fabrication,
transport, or purchase of petroleum, including crude oil, lease
condensates, unfinished oils, natural gas liquids, petroleum products,
natural gas, or other products capable of producing energy, such as
coal, wood, or agricultural products used to manufacture biofuels, or
uranium in any form, as well as the development, production,
generation, transmission, or exchange of power, through any means,
including nuclear, thermal, and renewable energy sources.
(c) 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;
[[Page 16890]]
(2) 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;
(3) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation; or
(4) 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 other than the blocked persons described in paragraph (a) of this
general license, unless separately authorized.
(d) Effective February 24, 2023, General License No. 8E, dated
December 15, 2022, is replaced and superseded in its entirety by this
General License No. 8F.
Note to General License No. 8F. This authorization is valid
until May 16, 2023 unless renewed.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 13D
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 day-to-day operations in the
Russian Federation of such U.S. persons or entities, through 12:01 a.m.
eastern daylight time, June 6, 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 February 24, 2023, General License No. 13C, dated
November 21, 2022, is replaced and superseded in its entirety by this
General License No. 13D.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 60
Authorizing the Wind Down and Rejection of Transactions Involving
Certain Entities Blocked on February 24, 2023
(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 wind down of transactions
involving one or more of the following blocked persons (collectively,
``the Blocked Entities'') are authorized through 12:01 a.m. eastern
daylight time, May 25, 2023, provided that any payment to a Blocked
Entity is made into a blocked account in accordance with the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587
(RuHSR):
(1) Bank Saint-Petersburg Public Joint Stock Company;
(2) Bank Zenit Public Joint Stock Company;
(3) Joint Stock Commercial Bank Primorye;
(4) Public Joint Stock Company Bank Uralsib;
(5) Joint Stock Company Commercial Bank Lanta Bank;
(6) SDM-Bank Public Joint Stock Company;
(7) Public Joint Stock Company Stock Commercial Bank Metallurgical
Investment Bank;
(8) Public Joint Stock Company Ural Bank for Reconstruction And
Development;
(9) Credit Bank of Moscow Public Joint Stock Company; or
(10) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(b) Except as provided in paragraph (c) of this general license,
U.S. persons are authorized to reject, rather than block, all
transactions prohibited by E.O. 14024 that are ordinarily incident and
necessary to the processing of funds involving one or more of the
Blocked Entities as an originating, intermediary, or beneficiary
financial institution, through 12:01 a.m. eastern daylight time, May
25, 2023.
(c) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) 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
(3) Any transactions otherwise prohibited by the RuHSR, including
transactions involving any person blocked pursuant to the RuHSR other
than the Blocked Entities described in paragraph (a) of this general
license, unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 61
Authorizing Transactions Related to Debt or Equity of, or Derivative
Contracts Involving, Certain Entities Blocked on February 24, 2023
(a) Except as provided in paragraphs (d) and (e) of this general
license, all transactions prohibited by Executive Order (E.O.) 14024
that are ordinarily incident and necessary to the divestment or
transfer, or the facilitation of the divestment or transfer, of debt or
equity of the following blocked persons (``covered debt or equity'') to
a non-U.S. person are authorized through 12:01 a.m. eastern daylight
time, May 25, 2023:
(1) Bank Saint-Petersburg Public Joint Stock Company;
(2) Bank Zenit Public Joint Stock Company;
[[Page 16891]]
(3) Public Joint Stock Company Bank Uralsib;
(4) Joint Stock Company Commercial Bank Lanta Bank;
(5) SDM-Bank Public Joint Stock Company;
(6) Public Joint Stock Company Stock Commercial Bank Metallurgical
Investment Bank; or
(7) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(b) Except as provided in paragraph (e) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to facilitating, clearing, and settling trades of covered
debt or equity that were placed prior to 4:00 p.m. eastern standard
time, February 24, 2023, are authorized through 12:01 a.m. eastern
daylight time, May 25, 2023.
(c) Except as provided in paragraph (e) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to the wind down of derivative contracts entered into
prior to 4:00 p.m. eastern standard time, February 24, 2023, that (i)
include a blocked person described in paragraph (a) of this general
license as a counterparty or (ii) are linked to covered debt or equity
are authorized through 12:01 a.m. eastern daylight time, May 25, 2023,
provided that any payments to a blocked person are made into a blocked
account in accordance with the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587 (RuHSR).
(d) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, covered
debt or equity to, directly or indirectly, any person whose property
and interests in property are blocked; or
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, covered debt or
equity, other than purchases of or investments in covered debt or
equity ordinarily incident and necessary to the divestment or transfer
of covered debt or equity as described in paragraph (a) of this general
license.
(e) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) 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(3) 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.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: February 24, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-05648 Filed 3-20-23; 8:45 am]
BILLING CODE 4810-AL-P
