Publication of Western Balkans Stabilization Regulations Web General Licenses 2 and 3, 16452 [2024-04856]

Agencies

• DEPARTMENT OF THE TREASURY
• Office of Foreign Assets Control

[Federal Register Volume 89, Number 46 (Thursday, March 7, 2024)]
[Rules and Regulations]
[Page 16452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04856]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 588


Publication of Western Balkans Stabilization Regulations Web 
General Licenses 2 and 3

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of Web General Licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing two general licenses (GLs) issued pursuant 
to the Western Balkans Stabilization Regulations: GLs 2 and 3, each of 
which was previously made available on OFAC's website.

DATES: GL 2 and GL 3 were issued on November 16, 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 Compliance, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On November 16, 2023, OFAC issued GLs 2 and 3 to authorize certain 
transactions otherwise prohibited by the Western Balkans Stabilization 
Regulations, 31 CFR part 588. Each GL was made available on OFAC's 
website (https://ofac.treasury.gov) when it was issued. GL 2 has an 
expiration date of March 15, 2024. The text of these GLs is provided 
below.

OFFICE OF FOREIGN ASSETS CONTROL

    Western Balkans Stabilization Regulations

31 CFR Part 588

GENERAL LICENSE NO. 2

Authorizing the Wind Down of Transactions Involving Orka Holding AD

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by the Western Balkans Stabilization 
Regulations (WBSR), 31 CFR part 588, that are ordinarily incident 
and necessary to the wind down of any transaction involving Orka 
Holding AD, or any entity in which Orka Holding AD owns, directly or 
indirectly, a 50 percent or greater interest, are authorized through 
12:01 a.m. eastern daylight time, March 15, 2024, provided that any 
payment to a blocked person is made into a blocked account in 
accordance with the WBSR.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the WBSR, including transactions involving 
any person blocked pursuant to the WBSR other than the blocked 
persons described in paragraph (a) of this general license, unless 
separately authorized.

Bradley T. Smith,
Director, Office of Foreign Assets Control.

    Dated: November 16, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Western Balkans Stabilization Regulations

31 CFR part 588

GENERAL LICENSE NO. 3

Authorizing Certain Transactions Related to Agricultural Commodities, 
Medicine, Medical Devices, Replacement Parts and Components, Software 
Updates, or Medical Prevention, Diagnosis, or Treatment, or Clinical 
Trials Involving Orka Holding AD

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by the Western Balkans Stabilization 
Regulations (WBSR), 31 CFR part 588, involving Orka Holding AD, or 
any entity in which Orka Holding AD owns, directly or indirectly, 
individually or in the aggregate, a 50 percent or greater interest, 
related to the following are authorized: (1) the production, 
manufacturing, sale, transport, or provision of agricultural 
commodities, agricultural equipment, medicine, medical devices, 
replacement parts and components for medical devices, or software 
updates for medical devices; (2) the prevention, diagnosis, or 
treatment of any disease or medical condition; or (3) the conducting 
of clinical trials or other medical research.
    (b) For the purposes of this general license, agricultural 
commodities, medicine, and medical devices are defined as follows:
    (1) Agricultural commodities. Agricultural commodities are 
products that fall within the term ``agricultural commodity'' as 
defined in section 102 of the Agricultural Trade Act of 1978 (7 
U.S.C. 5602) and are intended for use as:
    (i) Food for humans (including raw, processed, and packaged 
foods; live animals; vitamins and minerals; food additives or 
supplements; and bottled drinking water) or animals (including 
animal feeds);
    (ii) Seeds for food crops;
    (iii) Fertilizers or organic fertilizers; or
    (iv) Reproductive materials (such as live animals, fertilized 
eggs, embryos, and semen) for the production of food animals.
    (2) Medicine. Medicine is an item that falls within the 
definition of the term ``drug'' in section 201 of the Federal Food, 
Drug, and Cosmetic Act (21 U.S.C. 321).
    (3) Medical devices. A medical device is an item that falls 
within the definition of ``device'' in section 201 of the Federal 
Food, Drug, and Cosmetic Act (21 U.S.C. 321).
    (c) This general license does not authorize any transactions 
otherwise prohibited by the WBSR, including transactions involving 
any person blocked pursuant to the WBSR other than the blocked 
persons described in paragraph (a) of this general license, unless 
separately authorized.
    Note to General License No. 3. Nothing in this general license 
relieves any person from compliance with any other Federal laws or 
requirements of other Federal agencies.

Bradley T. Smith,
Director, Office of Foreign Assets Control.

    Dated: November 16, 2023.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-04856 Filed 3-6-24; 8:45 am]
BILLING CODE 4810-AL-P