Notice of OFAC Sanctions Action, 89027-89028 [2023-28426]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices would expose the institution to openended liability. After-the-fact written notice must be filed within 30 days of becoming a member of a payment system that does not expose the institution to open-ended liabilities with certain representations. Both notices must include safety and soundness representations. 12 CFR 7.1026. • Derivatives activities—Thirty (30) days prior written notice is required before engaging in certain derivatives hedging activities, expanding the bank’s derivatives hedging activities to include a new category of underlying for derivatives transactions, engaging in certain customer-driven financial intermediation derivatives activities, and expanding the bank’s customerdriven financial intermediation derivatives activities to include a new category of underlyings specified in the regulation. 12 CFR 7.1030. • Corporate governance procedures— Other sources of guidance—A national bank shall designate in its bylaws the body of law selected for its corporate governance procedures. 12 CFR 7.2000(b). • State corporate governance— Requests for OCC’s staff position on ability of a national bank to engage in a particular State corporate governance procedure must include name, citations, discussion of similarly situated State banks, identification of Federal banking statutes and regulations, and analysis of consistency with statutes, regulations, and safety and soundness. 12 CFR 7.2000(d). • Honorary directors or advisory boards—Any listing of a national bank’s honorary or advisory directors must distinguish between those directors and the bank’s board of directors or indicate their advisory status. 12 CFR 7.2004. • Indemnification of institutionaffiliated parties—written agreement required for advancement—A written agreement that an IAP will reimburse the institution for any portion of nonreimbursed indemnification that the IAP is found not entitled to before advancing funds to an IAP. 12 CFR 7.2014(c). • Issuing stock in certificate form— National banks must include certain information, signatures, and seal when issuing stock in certificate form. 12 CFR 7.2016. • Staggered terms for national bank directors—Any national bank may adopt bylaws that provide for staggering the terms of its directors. National banks must provide the OCC with copies of any bylaws so amended. 12 CFR 7.2024(a). • Size of bank board—A national bank seeking to increase the number of VerDate Sep<11>2014 20:25 Dec 22, 2023 Jkt 262001 its directors must notify the OCC any time the proposed size would exceed 25 directors. 12 CFR 7.2024(c). Estimated Number of Respondents: 1,727. Estimated Total Annual Burden: 1,138 hours. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Patrick T. Tierney, Assistant Director, Bank Advisory, Office of the Comptroller of the Currency. [FR Doc. 2023–28374 Filed 12–22–23; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Action Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of persons and a vessel that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons and a vessel are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: See SUPPLEMENTARY INFORMATION section for effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Bradley T. Smith, Director, tel.: SUMMARY: PO 00000 Frm 00164 Fmt 4703 Sfmt 4703 89027 202–622–2490; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: Electronic Availability The Specially Designated Nationals and Blocked Persons List and additional information concerning OFAC sanctions programs are available on OFAC’s website (https://www.treasury.gov/ofac). Notice of OFAC Action(s) On December 20, 2023, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authority listed below. Entities 1. BELLATRIX ENERGY LIMITED, Unit 601, 6/F of Mill 5 of the Mills, 45 Pak Tin Par Street, Hong Kong, China; Organization Established Date 09 Dec 2020; Registration Number 3000934 (Hong Kong) [RUSSIA–EO14024]. Designated pursuant to section 1(a)(i) of Executive Order 14024 of April 15, 2021, ‘‘Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation,’’ 86 FR 20249, 3 CFR, 2021 Comp., p. 542 (Apr. 15, 2021) (E.O. 14024) for operating or having operated in the marine sector of the Russian Federation economy. 2. COVART ENERGY LIMITED, 5/F, Lee Garden Three, 1 Sunning Road, Causeway Bay, Hong Kong, China; Ofis 417, Ul. Maksima Gorkogo 276, Rostovna-Donu 344019, Russia; Organization Established Date 08 Nov 2019; Identification Number IMO 6357849; Registration Number 2890985 (Hong Kong) [RUSSIA–EO14024]. Designated pursuant to section 1(a)(i) of E.O. 14024 for operating or having operated in the marine sector of the Russian Federation economy. 3. SUN SHIP MANAGEMENT D LTD (a.k.a. SCF MANAGEMENT SERVICES DUBAI LTD), PO Box 507065, Unit OT 17–32, Central Park Towers, Office Tower, Dubai, United Arab Emirates; Organization Established Date 02 Aug 2012; UAE Identification 1244 (United Arab Emirates); Registration Number 11440513 (United Arab Emirates) [RUSSIA–EO14024]. Designated pursuant to section 1(a)(vii) of Executive Order 14024 for being owned or controlled by, or having acted or purported to act for or on behalf E:\FR\FM\26DEN1.SGM 26DEN1 89028 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices of, directly or indirectly, the Government of the Russian Federation. 4. VOLITON DMCC (a.k.a. PETROKIM TRADING MIDDLE EAST AND ASIA DMCC), Unit No: R29–33, Reef Tower, Plot No: JLT–PH2–O1A, Jumeirah Lakes Towers, Dubai, United Arab Emirates; Organization Established Date 22 May 2018; License DMCC–476388 (United Arab Emirates); Registration Number 124420 (United Arab Emirates) [RUSSIA–EO14024]. Designated pursuant to section 1(a)(i) of E.O. 14024 for operating or having operated in the marine sector of the Russian Federation economy. On December 20, 2023, OFAC also identified the following vessel as property in which a blocked person has an interest, under the relevant sanctions authority listed below: Vessels khammond on DSKJM1Z7X2PROD with NOTICES 1. SANAR 15 (UALW) Oil Products Tanker Russia flag; Vessel Registration Identification IMO 9777670; MMSI 273375360 (vessel) [RUSSIA–EO14024] (Linked To: COVART ENERGY LIMITED). Identified as property in which Covart Energy Limited, a person whose property and interests in property are VerDate Sep<11>2014 20:25 Dec 22, 2023 Jkt 262001 blocked pursuant to E.O. 14024, has an interest. Dated: December 20, 2023. Bradley T. Smith, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2023–28426 Filed 12–22–23; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Notice of OFAC Sanctions Actions Office of Foreign Assets Control, Treasury. ACTION: Notice. AGENCY: The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging SUMMARY: PO 00000 Frm 00165 Fmt 4703 Sfmt 4703 in transactions with them. OFAC is also publishing updates to the identifying information of seven persons currently included on the SDN List. DATES: See Supplementary Information section for effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Bradley T. Smith, Director, tel.: 202–622–2490; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: Electronic Availability The SDN List and additional information concerning OFAC sanctions programs are available on OFAC’s website (https://www.treasury.gov/ofac). Notice of OFAC Action(s) A. On November 2, 2023, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authority listed below. E:\FR\FM\26DEN1.SGM 26DEN1

Agencies

[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Pages 89027-89028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28426]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Notice of OFAC Sanctions Action

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing the names of persons and a vessel that 
have been placed on OFAC's Specially Designated Nationals and Blocked 
Persons List (SDN List) based on OFAC's determination that one or more 
applicable legal criteria were satisfied. All property and interests in 
property subject to U.S. jurisdiction of these persons and a vessel are 
blocked, and U.S. persons are generally prohibited from engaging in 
transactions with them.

DATES: See SUPPLEMENTARY INFORMATION section for effective date(s).

FOR FURTHER INFORMATION CONTACT: OFAC: Bradley T. Smith, Director, 
tel.: 202-622-2490; Associate Director for Global Targeting, tel.: 202-
622-2420; Assistant Director for Licensing, tel.: 202-622-2480; 
Assistant Director for Regulatory Affairs, tel.: 202-622-4855; or the 
Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-
622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    The Specially Designated Nationals and Blocked Persons List and 
additional information concerning OFAC sanctions programs are available 
on OFAC's website (https://www.treasury.gov/ofac).

Notice of OFAC Action(s)

    On December 20, 2023, OFAC determined that the property and 
interests in property subject to U.S. jurisdiction of the following 
persons are blocked under the relevant sanctions authority listed 
below.

Entities

    1. BELLATRIX ENERGY LIMITED, Unit 601, 6/F of Mill 5 of the Mills, 
45 Pak Tin Par Street, Hong Kong, China; Organization Established Date 
09 Dec 2020; Registration Number 3000934 (Hong Kong) [RUSSIA-EO14024].
    Designated pursuant to section 1(a)(i) of Executive Order 14024 of 
April 15, 2021, ``Blocking Property With Respect To Specified Harmful 
Foreign Activities of the Government of the Russian Federation,'' 86 FR 
20249, 3 CFR, 2021 Comp., p. 542 (Apr. 15, 2021) (E.O. 14024) for 
operating or having operated in the marine sector of the Russian 
Federation economy.
    2. COVART ENERGY LIMITED, 5/F, Lee Garden Three, 1 Sunning Road, 
Causeway Bay, Hong Kong, China; Ofis 417, Ul. Maksima Gorkogo 276, 
Rostov-na-Donu 344019, Russia; Organization Established Date 08 Nov 
2019; Identification Number IMO 6357849; Registration Number 2890985 
(Hong Kong) [RUSSIA-EO14024].
    Designated pursuant to section 1(a)(i) of E.O. 14024 for operating 
or having operated in the marine sector of the Russian Federation 
economy.
    3. SUN SHIP MANAGEMENT D LTD (a.k.a. SCF MANAGEMENT SERVICES DUBAI 
LTD), PO Box 507065, Unit OT 17-32, Central Park Towers, Office Tower, 
Dubai, United Arab Emirates; Organization Established Date 02 Aug 2012; 
UAE Identification 1244 (United Arab Emirates); Registration Number 
11440513 (United Arab Emirates) [RUSSIA-EO14024].
    Designated pursuant to section 1(a)(vii) of Executive Order 14024 
for being owned or controlled by, or having acted or purported to act 
for or on behalf

[[Page 89028]]

of, directly or indirectly, the Government of the Russian Federation.
    4. VOLITON DMCC (a.k.a. PETROKIM TRADING MIDDLE EAST AND ASIA 
DMCC), Unit No: R29-33, Reef Tower, Plot No: JLT-PH2-O1A, Jumeirah 
Lakes Towers, Dubai, United Arab Emirates; Organization Established 
Date 22 May 2018; License DMCC-476388 (United Arab Emirates); 
Registration Number 124420 (United Arab Emirates) [RUSSIA-EO14024].
    Designated pursuant to section 1(a)(i) of E.O. 14024 for operating 
or having operated in the marine sector of the Russian Federation 
economy.
    On December 20, 2023, OFAC also identified the following vessel as 
property in which a blocked person has an interest, under the relevant 
sanctions authority listed below:

Vessels

    1. SANAR 15 (UALW) Oil Products Tanker Russia flag; Vessel 
Registration Identification IMO 9777670; MMSI 273375360 (vessel) 
[RUSSIA-EO14024] (Linked To: COVART ENERGY LIMITED).
    Identified as property in which Covart Energy Limited, a person 
whose property and interests in property are blocked pursuant to E.O. 
14024, has an interest.

    Dated: December 20, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control, U.S. Department of the 
Treasury.
[FR Doc. 2023-28426 Filed 12-22-23; 8:45 am]
BILLING CODE 4810-AL-P

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