Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 88, 88A, 89, 90, 91, 91A, 92, and 93, 20116-20119 [2024-05990]
Download as PDF
<![CDATA[
20116
Federal Register / Vol. 89, No. 56 / Thursday, March 21, 2024 / Rules and Regulations
lotter on DSK11XQN23PROD with RULES1
general license if the transactions had
been subject to OFAC jurisdiction.
(c) License exceptions. No license
exceptions may overcome the license
requirements in this section, except for
entities that are also listed on the Entity
List in supplement no. 4 to part 744 that
have certain license exception
eligibility, which is available to
overcome the license requirements of
this section and supplement no. 4 to
part 744 for that specific entity.
(d) License review policy.
Applications for licenses required by
this section will be subject to a
presumption of denial license review
policy, except when note 1 to paragraph
(a)(1) of this section is applicable and
the license review policy specified on
the Entity List in supplement no. 4 to
part 744 is different, in which case the
license review policy under the
applicable Entity List entry for that
person would govern. You should
consult OFAC regarding transactions
subject to licensing requirements under
regulations maintained by OFAC.
(e) Violations. (1) Any export,
reexport, or transfer (in-country) by a
U.S. person of any item subject to both
the EAR and regulations maintained by
OFAC in situations in which a person
identified in paragraph (a)(1) is a party
to the transaction as described in
§ 748.5(c) through (f) that is not
authorized by OFAC constitutes a
violation of the EAR. This paragraph
does not apply to entities identified
under both this section and the Entity
List in supplement no. 4 to part 744.
EAR violations involving entities
identified under both this section and
the Entity List will be addressed
pursuant to §§ 744.11 and 744.16.
(2) Any export, reexport, or transfer
(in-country) of any item subject to the
EAR in which a person identified in
paragraph (a)(1) is a party to the
transaction as described in § 748.5(c)
through (f) and such transaction is not
subject to regulations maintained by
OFAC and not authorized by BIS
constitutes a violation of the EAR.
Note 3 to § 744.8: This section does not
implement, construe, or limit the scope of
any criminal statute, including but not
limited to 18 U.S.C. 2339B(a)(1) and 2339A,
and does not excuse any person from
complying with any criminal statute,
including but not limited to 18 U.S.C.
2339B(a)(1) and 18 U.S.C. 2339A.
7. Sections 744.10, 744.12 through
744.14, 744.18, and 744.20 are removed
and reserved.
■
VerDate Sep<11>2014
15:50 Mar 20, 2024
Jkt 262001
PART 746—EMBARGOES AND OTHER
SPECIAL CONTROLS
8. The authority citation for 15 CFR
part 746 continues to read as follows:
■
Authority: 50 U.S.C. 4801–4852; 50 U.S.C.
4601 et seq.; 50 U.S.C. 1701 et seq.; 22 U.S.C.
287c; Sec 1503, Pub. L. 108–11, 117 Stat. 559;
22 U.S.C. 2151 note; 22 U.S.C. 6004; 22
U.S.C. 7201 et seq.; 22 U.S.C. 7210; E.O.
12854, 58 FR 36587, 3 CFR, 1993 Comp., p.
614; E.O. 12918, 59 FR 28205, 3 CFR, 1994
Comp., p. 899; E.O. 13222, 66 FR 44025, 3
CFR, 2001 Comp., p. 783; E.O. 13338, 69 FR
26751, 3 CFR, 2004 Comp., p 168;
Presidential Determination 2003–23, 68 FR
26459, 3 CFR, 2004 Comp., p. 320;
Presidential Determination 2007–7, 72 FR
1899, 3 CFR, 2006 Comp., p. 325; Notice of
May 8, 2023, 88 FR 30211 (May 10, 2023).
9. Section 746.10 is amended by:
a. Revising paragraph (a)(2);
b. Revising paragraph (a)(3)
introductory text; and
■ c. Removing the final sentence of the
paragraph (c) introductory text.
The revisions read as follows:
■
■
■
§ 746.10 ‘Luxury goods’ sanctions against
Russia and Belarus and Russian and
Belarusian oligarchs and malign actors.
(a) * * *
(2) Russian and Belarusian oligarch
and malign actors. The license
requirements under this section for
persons designated on OFAC’s SDN List
with the identifier [BELARUS],
[BELARUS–EO14038], [RUSSIA–E.O.
14024], [UKRAINE–EO13660],
[UKRAINE–EO13661], [UKRAINE–
EO13662], or [UKRAINE–EO13685]
were removed from this section on
March 21, 2024, because a broader
license requirement for all items subject
to the EAR is required under § 744.8 as
of March 21, 2024, which includes all
‘luxury goods’ under supplement no. 5
to part 746 and any other item subject
to the EAR. See § 744.8 of the EAR for
license requirements for persons
designated on OFAC’s SDN List with
the identifier [BELARUS], [BELARUS–
EO14038], [RUSSIA–E.O. 14024],
[UKRAINE–EO13660], [UKRAINE–
EO13661], [UKRAINE–EO13662], or
[UKRAINE–EO13685].
(3) Exclusion from scope of U.S.origin controlled content under
paragraph (a)(1) of this section. For
purposes of determining U.S.-origin
controlled content under supplement
no. 2 to part 734 of the EAR when
making a de minimis calculation for
reexports and exports from abroad to
Russia or Belarus, the license
requirements in paragraph (a)(1) of this
section are not used to determine
controlled U.S.-origin content in a
foreign-made item, provided the criteria
PO 00000
Frm 00016
Fmt 4700
Sfmt 4700
in paragraphs (a)(3)(i) and (ii) of this
section are met:
*
*
*
*
*
Thea D. Rozman Kendler,
Assistant Secretary for Export
Administration.
[FR Doc. 2024–06067 Filed 3–20–24; 8:45 am]
BILLING CODE 3510–33–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 88,
88A, 89, 90, 91, 91A, 92, and 93
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 eight
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs
88, 88A, 89, 90, 91, 91A, 92, and 93,
each of which were previously made
available on OFAC’s website.
DATES: GLs 88, 88A, 89, 90, 91, 91A, 92,
and 93 were issued on February 23,
2024. 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:
SUMMARY:
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On February 23, 2024, OFAC issued
GLs 88, 89, 90, 91, 92, and 93 to
authorize certain transactions otherwise
prohibited by the Russian Harmful
Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR).
Also on February 23, 2024, OFAC
issued GLs 88A and 91A, which
superseded GLs 88 and 91, respectively.
GL 88 had an expiration date of April
8, 2024; GLs 88A, 89, 90, and 92 expire
on April 8, 2024. GL 91 had an
expiration date of May 23, 2024; GL 91A
expires on May 23, 2024. Each GL was
E:\FR\FM\21MRR1.SGM
21MRR1
Federal Register / Vol. 89, No. 56 / Thursday, March 21, 2024 / Rules and Regulations
made available on OFAC’s website
(https://ofac.treasury.gov) 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
OFFICE OF FOREIGN ASSETS CONTROL
GENERAL LICENSE NO. 88
lotter on DSK11XQN23PROD with RULES1
Authorizing the Wind Down of Transactions
Involving Certain Entities Blocked on
February 23, 2024
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by Executive Order (E.O.) 14024
that are ordinarily incident and necessary to
the wind down of any transaction involving
one or more of the following blocked entities
are authorized through 12:01 a.m. eastern
daylight time, April 8, 2024, provided that
any payment to a blocked person is made
into a blocked account in accordance with
the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR):
(1) PJSC Transcontainer;
(2) Publichnoe Aktsionernoe Obshchestvo
Mechel;
(3) JSC SUEK;
(4) ILLC Geopromining Investment;
(5) LLC Holding GPM;
(6) Joint Stock Company Samara
Metallurgical Plant;
(7) Joint Stock Company Rimera;
(8) Public Joint Stock Company Pipe
Metallurgical Company;
(9) Vostochnaya Stevedoring Company
LLC;
(10) JSC Rosgeologia;
(11) National Payment Card System Joint
Stock Company;
(12) Limited Liability Company BSF
Capital;
(13) Limited Liability Company Investment
Consultant Elbrus Capital;
(14) Limited Liability Company Orbita
Capital Partners;
(15) Nonprofit Organization Investment
and Venture Fund of the Republic of
Tatarstan;
(16) Obshchestvo S Ogranichennoi
Otvetstvennostyu Guard Kapital;
(18) Limited Liability Company
Shipbuilding Complex Zvezda; and
(19) 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) This general license does not authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(2) Any transactions prohibited by
Directive 4 under E.O. 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; or
VerDate Sep<11>2014
15:50 Mar 20, 2024
(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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
Jkt 262001
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 88A
Authorizing the Wind Down of Transactions
Involving Certain Entities Blocked on
February 23, 2024
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by Executive Order (E.O.) 14024
that are ordinarily incident and necessary to
the wind down of any transaction involving
one or more of the following blocked entities
are authorized through 12:01 a.m. eastern
daylight time, April 8, 2024, provided that
any payment to a blocked person is made
into a blocked account in accordance with
the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR):
(1) PJSC Transcontainer;
(2) Publichnoe Aktsionernoe Obshchestvo
Mechel;
(3) JSC SUEK;
(4) ILLC Geopromining Investment;
(5) LLC Holding GPM;
(6) Joint Stock Company Samara
Metallurgical Plant;
(7) Joint Stock Company Rimera;
(8) Public Joint Stock Company Pipe
Metallurgical Company;
(9) Vostochnaya Stevedoring Company
LLC;
(10) JSC Rosgeologia;
(11) National Payment Card System Joint
Stock Company;
(12) Limited Liability Company BSF
Capital;
(13) Limited Liability Company Investment
Consultant Elbrus Capital;
(14) Limited Liability Company Orbita
Capital Partners;
(15) Nonprofit Organization Investment
and Venture Fund of the Republic of
Tatarstan;
(16) Obshchestvo S Ogranichennoi
Otvetstvennostyu Guard Kapital;
(18) Limited Liability Company
Shipbuilding Complex Zvezda;
(19) Joint Stock Company Sovcomflot; and
(20) 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) This general license does not authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(2) Any transactions prohibited by
Directive 4 under E.O. 14024, Prohibitions
PO 00000
Frm 00017
Fmt 4700
Sfmt 4700
20117
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; 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.
(c) Effective February 23, 2024, General
License No. 88, dated February 23, 2024, is
replaced and superseded in its entirety by
this General License No. 88A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 90
Authorizing Certain Transactions Related to
Debt or Equity of, or Derivative Contracts
Involving, Certain Entities Blocked on
February 23, 2024
(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 issued or guaranteed by the following
blocked entities (‘‘Covered Debt or Equity’’)
to a non-U.S. person are authorized through
12:01 a.m. eastern daylight time, April 8,
2024:
(1) LLC Holding GPM;
(2) Limited Liability Company
Geopromaining Verkhne Menkeche;
(3) Joint Stock Company Sarylakh Surma;
(4) Joint Stock Company Zvezda;
(5) ILLC Geopromining Investment;
(6) Public Joint Stock Company PIK
Specialized Homebuilder; and
(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 23, 2024 are
authorized through 12:01 a.m. eastern
daylight time, April 8, 2024.
(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 23,
2024 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,
April 8, 2024, provided that any payments to
a blocked person are made into a blocked
account in accordance with the Russian
E:\FR\FM\21MRR1.SGM
21MRR1
20118
Federal Register / Vol. 89, No. 56 / Thursday, March 21, 2024 / Rules and Regulations
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 PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(2) Any transactions prohibited by
Directive 4 under E.O. 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; 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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
lotter on DSK11XQN23PROD with RULES1
GENERAL LICENSE NO. 91
Authorizing Limited Safety and
Environmental Transactions Involving
Certain Blocked Persons or Vessels
(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
one of the following activities involving the
blocked persons described in paragraph (b)
are authorized through 12:01 a.m. eastern
daylight time, May 23, 2024, provided that
any payment to a blocked person must be
made into a blocked account in accordance
with the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR):
(1) The safe docking and anchoring in port
of any vessels in which any person listed in
paragraph (b) of this general license has a
property interest (‘‘blocked vessels’’);
(2) The preservation of the health or safety
of the crew of any of the blocked vessels; or
(3) Emergency repairs of any of the blocked
vessels or environmental mitigation or
protection activities relating to any of the
blocked vessels.
(b) The authorization in paragraph (a) of
this general license applies to the following
VerDate Sep<11>2014
15:50 Mar 20, 2024
Jkt 262001
blocked persons listed on the Office of
Foreign Assets Control’s Specially
Designated Nationals and Blocked Persons
List and any entity in which any of the
following persons own, directly or indirectly,
individually or in the aggregate, a 50 percent
or greater interest:
(1) Ladoga Shipping Company Limited
Liability Company;
(2) JSC Polar Marine Geosurvey
Expedition;
(3) Yuzhmorgeologiya AO;
(4) Sevmorneftegeofizika AO; and
(5) Amige AO.
(c) This general license does not authorize:
(1) The entry into any new commercial
contracts involving the property or interests
in property of any blocked persons, including
the blocked entities described in paragraph
(b) of this general license, except as
authorized by paragraph (a);
(2) The offloading of any cargo onboard
any of the blocked vessels, including the
offloading of crude oil or petroleum products
of Russian Federation origin, except for the
offloading of cargo that is ordinarily incident
and necessary to address vessel emergencies
authorized pursuant to paragraph (a) of this
general license;
(3) Any transactions related to the sale of
crude oil or petroleum products of Russian
Federation origin;
(4) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(5) Any transactions prohibited by
Directive 4 under E.O. 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; or
(6) Any transactions otherwise prohibited
by the RuHSR, including transactions
involving the property or interests in
property of any person blocked pursuant to
the RuHSR, other than transactions involving
the blocked persons described in paragraph
(b) of this general license, unless separately
authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 91A
Authorizing Limited Safety and
Environmental Transactions Involving
Certain Blocked Persons or Vessels
(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
one of the following activities involving the
blocked persons described in paragraph (b)
are authorized through 12:01 a.m. eastern
daylight time, May 23, 2024, provided that
any payment to a blocked person must be
PO 00000
Frm 00018
Fmt 4700
Sfmt 4700
made into a blocked account in accordance
with the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR):
(1) The safe docking and anchoring in port
of any vessels in which any person listed in
paragraph (b) of this general license has a
property interest (‘‘blocked vessels’’);
(2) The preservation of the health or safety
of the crew of any of the blocked vessels; or
(3) Emergency repairs of any of the blocked
vessels or environmental mitigation or
protection activities relating to any of the
blocked vessels.
(b) The authorization in paragraph (a) of
this general license applies to the following
blocked persons listed on the Office of
Foreign Assets Control’s Specially
Designated Nationals and Blocked Persons
List and any entity in which any of the
following persons own, directly or indirectly,
individually or in the aggregate, a 50 percent
or greater interest:
(1) Ladoga Shipping Company Limited
Liability Company;
(2) JSC Polar Marine Geosurvey
Expedition;
(3) Yuzhmorgeologiya AO;
(4) Sevmorneftegeofizika AO
(5) Amige AO; and
(6) Joint Stock Company Sovcomflot.
(c) This general license does not authorize:
(1) The entry into any new commercial
contracts involving the property or interests
in property of any blocked persons, including
the blocked entities described in paragraph
(b) of this general license, except as
authorized by paragraph (a);
(2) The offloading of any cargo onboard
any of the blocked vessels, including the
offloading of crude oil or petroleum products
of Russian Federation origin, except for the
offloading of cargo that is ordinarily incident
and necessary to address vessel emergencies
authorized pursuant to paragraph (a) of this
general license;
(3) Any transactions related to the sale of
crude oil or petroleum products of Russian
Federation origin;
(4) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(5) Any transactions prohibited by
Directive 4 under E.O. 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; or
(6) Any transactions otherwise prohibited
by the RuHSR, including transactions
involving the property or interests in
property of any person blocked pursuant to
the RuHSR, other than transactions involving
the blocked persons described in paragraph
(b) of this general license, unless separately
authorized.
(d) Effective February 23, 2024, General
License No. 91, dated February 23, 2024, is
replaced and superseded in its entirety by
this General License No. 91A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
E:\FR\FM\21MRR1.SGM
21MRR1
Federal Register / Vol. 89, No. 56 / Thursday, March 21, 2024 / Rules and Regulations
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 92
Authorizing the Offloading of Cargo From
Sovcomflot Vessels
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by Executive Order (E.O.) 14024
that are ordinarily incident and necessary to
the delivery and offloading of cargo from any
vessel identified on the Office of Foreign
Assets Control’s List of Specially Designated
Nationals and Blocked Persons that is
blocked solely due to a property interest of
Joint Stock Company Sovcomflot
(Sovcomflot), or any entity in which
Sovcomflot owns, directly or indirectly, a 50
percent or greater interest, are authorized
through 11:59 p.m. eastern daylight time,
April 8, 2024, provided that the cargo was
loaded prior to February 23, 2024.
(b) This general license does not authorize:
(1) The entry into any new commercial
contracts involving the property or interests
in property of any blocked persons, including
the blocked entity described in paragraph (a)
of this general license, except as authorized
by paragraph (a);
(2) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(3) Any transactions prohibited by
Directive 4 under E.O. 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; or
(4) Any transactions otherwise prohibited
by the RuHSR, including transactions
involving the property or interests in
property of any person blocked pursuant to
the RuHSR, other than transactions involving
the blocked persons or vessels described in
paragraph (a) of this general license, unless
separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
lotter on DSK11XQN23PROD with RULES1
Authorizing Transactions Involving Certain
Sovcomflot Vessels
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by Executive Order (E.O.) 14024
involving any vessel that is blocked solely
due to a property interest of Joint Stock
Company Sovcomflot or any entity in which
Sovcomflot owns, directly or indirectly, a 50
percent or greater interest, are authorized,
15:50 Mar 20, 2024
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–05990 Filed 3–20–24; 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 License 83A
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 83A, which
was previously made available on
OFAC’s website.
SUMMARY:
GL 83A was issued on February
20, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
DATES:
GENERAL LICENSE NO. 93
VerDate Sep<11>2014
provided that such vessel is not identified on
the Office of Foreign Assets Control’s List of
Specially Designated Nationals and Blocked
Persons.
(b) This general license does not authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024, Prohibitions
Related to Correspondent or PayableThrough Accounts and Processing of
Transactions Involving Certain Foreign
Financial Institutions;
(2) Any transactions prohibited by
Directive 4 under E.O. 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; or
(3) Any transactions otherwise prohibited
by the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587
(RuHSR), including transactions involving
any person or property blocked pursuant to
the RuHSR other than the blocked persons
and vessels described in paragraph (a) of this
general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
Jkt 262001
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:
PO 00000
Frm 00019
Fmt 4700
Sfmt 4700
20119
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On December 22, 2023, OFAC issued
GL 83 to authorize certain transactions
otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions
Regulations, 31 CFR part 587.
Subsequently, OFAC issued one further
iteration of GL 83: on February 20, 2024,
OFAC issued GL 83A, which
superseded GL 83. Each GL was made
available on OFAC’s website (https://
ofac.treasury.gov) when it was issued.
The text of GL 83A is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 83A
Authorizing Certain Transactions Related to
Imports of Certain Categories of Fish,
Seafood, and Preparations Thereof
Prohibited by Executive Order 14068
(a) Except as provided in paragraph (b) of
this general license, all transactions
prohibited by the determination of December
22, 2023 made pursuant to section 1(a)(i)(B)
of Executive Order (E.O.) 14068, as amended
by E.O. 14114 (‘‘Prohibitions Related to
Imports of Certain Categories of Fish,
Seafood, and Preparations Thereof’’), that are
ordinarily incident and necessary to the
importation into the United States of seafood
derivative products that were loaded onto a
vessel at the port of loading prior to 12:01
a.m. eastern standard time on February 20,
2024, pursuant to written contracts or written
agreements entered into prior to December
22, 2023, are authorized through 12:01 a.m.
eastern daylight time, May 31, 2024.
(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.
(c) Effective February 20, 2024, General
License No. 83, dated December 22, 2023, is
replaced and superseded in its entirety by
this General License No. 83A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 20, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–05989 Filed 3–20–24; 8:45 am]
BILLING CODE 4810–AL–P
E:\FR\FM\21MRR1.SGM
21MRR1
]]>Agencies
[Federal Register Volume 89, Number 56 (Thursday, March 21, 2024)]
[Rules and Regulations]
[Pages 20116-20119]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05990]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 88, 88A, 89, 90, 91, 91A, 92, and 93
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 eight general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 88, 88A, 89, 90, 91, 91A, 92, and 93, each of which
were previously made available on OFAC's website.
DATES: GLs 88, 88A, 89, 90, 91, 91A, 92, and 93 were issued on February
23, 2024. 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 February 23, 2024, OFAC issued GLs 88, 89, 90, 91, 92, and 93 to
authorize certain transactions otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587
(RuHSR). Also on February 23, 2024, OFAC issued GLs 88A and 91A, which
superseded GLs 88 and 91, respectively. GL 88 had an expiration date of
April 8, 2024; GLs 88A, 89, 90, and 92 expire on April 8, 2024. GL 91
had an expiration date of May 23, 2024; GL 91A expires on May 23, 2024.
Each GL was
[[Page 20117]]
made available on OFAC's website (https://ofac.treasury.gov) 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. 88
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on February 23, 2024
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the wind down of any
transaction involving one or more of the following blocked entities
are authorized through 12:01 a.m. eastern daylight time, April 8,
2024, provided that any payment to a blocked person is made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):
(1) PJSC Transcontainer;
(2) Publichnoe Aktsionernoe Obshchestvo Mechel;
(3) JSC SUEK;
(4) ILLC Geopromining Investment;
(5) LLC Holding GPM;
(6) Joint Stock Company Samara Metallurgical Plant;
(7) Joint Stock Company Rimera;
(8) Public Joint Stock Company Pipe Metallurgical Company;
(9) Vostochnaya Stevedoring Company LLC;
(10) JSC Rosgeologia;
(11) National Payment Card System Joint Stock Company;
(12) Limited Liability Company BSF Capital;
(13) Limited Liability Company Investment Consultant Elbrus
Capital;
(14) Limited Liability Company Orbita Capital Partners;
(15) Nonprofit Organization Investment and Venture Fund of the
Republic of Tatarstan;
(16) Obshchestvo S Ogranichennoi Otvetstvennostyu Guard Kapital;
(18) Limited Liability Company Shipbuilding Complex Zvezda; and
(19) 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) 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 transactions prohibited by Directive 4 under E.O. 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;
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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 88A
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on February 23, 2024
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the wind down of any
transaction involving one or more of the following blocked entities
are authorized through 12:01 a.m. eastern daylight time, April 8,
2024, provided that any payment to a blocked person is made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):
(1) PJSC Transcontainer;
(2) Publichnoe Aktsionernoe Obshchestvo Mechel;
(3) JSC SUEK;
(4) ILLC Geopromining Investment;
(5) LLC Holding GPM;
(6) Joint Stock Company Samara Metallurgical Plant;
(7) Joint Stock Company Rimera;
(8) Public Joint Stock Company Pipe Metallurgical Company;
(9) Vostochnaya Stevedoring Company LLC;
(10) JSC Rosgeologia;
(11) National Payment Card System Joint Stock Company;
(12) Limited Liability Company BSF Capital;
(13) Limited Liability Company Investment Consultant Elbrus
Capital;
(14) Limited Liability Company Orbita Capital Partners;
(15) Nonprofit Organization Investment and Venture Fund of the
Republic of Tatarstan;
(16) Obshchestvo S Ogranichennoi Otvetstvennostyu Guard Kapital;
(18) Limited Liability Company Shipbuilding Complex Zvezda;
(19) Joint Stock Company Sovcomflot; and
(20) 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) 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 transactions prohibited by Directive 4 under E.O. 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;
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.
(c) Effective February 23, 2024, General License No. 88, dated
February 23, 2024, is replaced and superseded in its entirety by
this General License No. 88A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 90
Authorizing Certain Transactions Related to Debt or Equity of, or
Derivative Contracts Involving, Certain Entities Blocked on February
23, 2024
(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 issued or guaranteed by the following blocked entities
(``Covered Debt or Equity'') to a non-U.S. person are authorized
through 12:01 a.m. eastern daylight time, April 8, 2024:
(1) LLC Holding GPM;
(2) Limited Liability Company Geopromaining Verkhne Menkeche;
(3) Joint Stock Company Sarylakh Surma;
(4) Joint Stock Company Zvezda;
(5) ILLC Geopromining Investment;
(6) Public Joint Stock Company PIK Specialized Homebuilder; and
(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 23, 2024 are authorized through
12:01 a.m. eastern daylight time, April 8, 2024.
(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 23,
2024 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, April 8, 2024, provided that any payments to a blocked person
are made into a blocked account in accordance with the Russian
[[Page 20118]]
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 transactions prohibited by Directive 4 under E.O. 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;
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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 91
Authorizing Limited Safety and Environmental Transactions Involving
Certain Blocked Persons or Vessels
(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 one of the following activities
involving the blocked persons described in paragraph (b) are
authorized through 12:01 a.m. eastern daylight time, May 23, 2024,
provided that any payment to a blocked person must be made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):
(1) The safe docking and anchoring in port of any vessels in
which any person listed in paragraph (b) of this general license has
a property interest (``blocked vessels'');
(2) The preservation of the health or safety of the crew of any
of the blocked vessels; or
(3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorization in paragraph (a) of this general license
applies to the following blocked persons listed on the Office of
Foreign Assets Control's Specially Designated Nationals and Blocked
Persons List and any entity in which any of the following persons
own, directly or indirectly, individually or in the aggregate, a 50
percent or greater interest:
(1) Ladoga Shipping Company Limited Liability Company;
(2) JSC Polar Marine Geosurvey Expedition;
(3) Yuzhmorgeologiya AO;
(4) Sevmorneftegeofizika AO; and
(5) Amige AO.
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including
the blocked entities described in paragraph (b) of this general
license, except as authorized by paragraph (a);
(2) The offloading of any cargo onboard any of the blocked
vessels, including the offloading of crude oil or petroleum products
of Russian Federation origin, except for the offloading of cargo
that is ordinarily incident and necessary to address vessel
emergencies authorized pursuant to paragraph (a) of this general
license;
(3) Any transactions related to the sale of crude oil or
petroleum products of Russian Federation origin;
(4) 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;
(5) Any transactions prohibited by Directive 4 under E.O. 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;
or
(6) Any transactions otherwise prohibited by the RuHSR,
including transactions involving the property or interests in
property of any person blocked pursuant to the RuHSR, other than
transactions involving the blocked persons described in paragraph
(b) of this general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 91A
Authorizing Limited Safety and Environmental Transactions Involving
Certain Blocked Persons or Vessels
(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 one of the following activities
involving the blocked persons described in paragraph (b) are
authorized through 12:01 a.m. eastern daylight time, May 23, 2024,
provided that any payment to a blocked person must be made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):
(1) The safe docking and anchoring in port of any vessels in
which any person listed in paragraph (b) of this general license has
a property interest (``blocked vessels'');
(2) The preservation of the health or safety of the crew of any
of the blocked vessels; or
(3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorization in paragraph (a) of this general license
applies to the following blocked persons listed on the Office of
Foreign Assets Control's Specially Designated Nationals and Blocked
Persons List and any entity in which any of the following persons
own, directly or indirectly, individually or in the aggregate, a 50
percent or greater interest:
(1) Ladoga Shipping Company Limited Liability Company;
(2) JSC Polar Marine Geosurvey Expedition;
(3) Yuzhmorgeologiya AO;
(4) Sevmorneftegeofizika AO
(5) Amige AO; and
(6) Joint Stock Company Sovcomflot.
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including
the blocked entities described in paragraph (b) of this general
license, except as authorized by paragraph (a);
(2) The offloading of any cargo onboard any of the blocked
vessels, including the offloading of crude oil or petroleum products
of Russian Federation origin, except for the offloading of cargo
that is ordinarily incident and necessary to address vessel
emergencies authorized pursuant to paragraph (a) of this general
license;
(3) Any transactions related to the sale of crude oil or
petroleum products of Russian Federation origin;
(4) 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;
(5) Any transactions prohibited by Directive 4 under E.O. 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;
or
(6) Any transactions otherwise prohibited by the RuHSR,
including transactions involving the property or interests in
property of any person blocked pursuant to the RuHSR, other than
transactions involving the blocked persons described in paragraph
(b) of this general license, unless separately authorized.
(d) Effective February 23, 2024, General License No. 91, dated
February 23, 2024, is replaced and superseded in its entirety by
this General License No. 91A.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[[Page 20119]]
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 92
Authorizing the Offloading of Cargo From Sovcomflot Vessels
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the delivery and offloading of
cargo from any vessel identified on the Office of Foreign Assets
Control's List of Specially Designated Nationals and Blocked Persons
that is blocked solely due to a property interest of Joint Stock
Company Sovcomflot (Sovcomflot), or any entity in which Sovcomflot
owns, directly or indirectly, a 50 percent or greater interest, are
authorized through 11:59 p.m. eastern daylight time, April 8, 2024,
provided that the cargo was loaded prior to February 23, 2024.
(b) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including
the blocked entity described in paragraph (a) of this general
license, except as authorized by paragraph (a);
(2) 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;
(3) Any transactions prohibited by Directive 4 under E.O. 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;
or
(4) Any transactions otherwise prohibited by the RuHSR,
including transactions involving the property or interests in
property of any person blocked pursuant to the RuHSR, other than
transactions involving the blocked persons or vessels described in
paragraph (a) of this general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 93
Authorizing Transactions Involving Certain Sovcomflot Vessels
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024
involving any vessel that is blocked solely due to a property
interest of Joint Stock Company Sovcomflot or any entity in which
Sovcomflot owns, directly or indirectly, a 50 percent or greater
interest, are authorized, provided that such vessel is not
identified on the Office of Foreign Assets Control's List of
Specially Designated Nationals and Blocked Persons.
(b) 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 transactions prohibited by Directive 4 under E.O. 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;
or
(3) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person or property blocked
pursuant to the RuHSR other than the blocked persons and vessels
described in paragraph (a) of this general license, unless
separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: February 23, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-05990 Filed 3-20-24; 8:45 am]
BILLING CODE 4810-AL-P
