Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 8I, 13I, and 94, 48840-48841 [2024-12308]
Download as PDF
<![CDATA[
48840
Federal Register / Vol. 89, No. 112 / Monday, June 10, 2024 / Rules and Regulations
(3) Any entity in which one or more
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: May 1, 2024.
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 April 12, 2024, OFAC issued GL
13I to authorize certain transactions
otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR).
GL 13I replaced and superseded GL 13H
and has an expiration date of July 11,
2024. On April 19, 2024, OFAC issued
GL 94, also authorizing certain
transactions otherwise prohibited by the
RuHSR. On April 29, 2024, OFAC
issued GL 8I, also authorizing certain
transactions otherwise prohibited by the
RuHSR. GL 8I replaced and superseded
GL 8H and has an expiration date of
November 1, 2024. Each GL was 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
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Russian Harmful Foreign Activities
Sanctions Regulations
[FR Doc. 2024–12312 Filed 6–7–24; 8:45 am]
BILLING CODE 4810–AL–P
31 CFR Part 587
GENERAL LICENSE NO. 8I
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses 8I,
13I, and 94
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
licenses.
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing three
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs 8I,
13I, and 94, each of which was
previously made available on OFAC’s
website.
DATES: GL 13I was issued on April 12,
2024. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
lotter on DSK11XQN23PROD with RULES1
SUMMARY:
VerDate Sep<11>2014
16:15 Jun 07, 2024
Jkt 262001
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, November 1, 2024:
(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
PO 00000
Frm 00020
Fmt 4700
Sfmt 4700
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;
(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 April 29, 2024, General
License No. 8H, dated October 25, 2023,
is replaced and superseded in its
entirety by this General License No. 8I.
Note to General License No. 8I. This
authorization is valid until November 1,
2024, unless renewed.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 29, 2024.
E:\FR\FM\10JNR1.SGM
10JNR1
Federal Register / Vol. 89, No. 112 / Monday, June 10, 2024 / Rules and Regulations
OFFICE OF FOREIGN ASSETS
CONTROL
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
31 CFR Part 587
GENERAL LICENSE NO. 13I
Ukraine-/Russia-Related Sanctions
Regulations
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, certifications, or
tax refunds 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, July 11, 2024.
(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 April 12, 2024, General
License No. 13H, dated January 18,
2024, is replaced and superseded in its
entirety by this General License No. 13I.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 12, 2024.
31 CFR Part 589
GENERAL LICENSE NO. 94
Authorizing Transactions Involving
OWH SE i.L. (Formerly Known as VTB
Bank Europe SE)
(a) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by the Russian
Harmful Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR)
or the Ukraine-/Russia-Related
Sanctions Regulations, 31 CFR part 589
(URSR), involving OWH SE i.L.
(formerly known as VTB Bank Europe
SE), or any entity in which OWH SE i.L.
owns, directly or indirectly, a 50
percent or greater interest (‘‘OWH SE
i.L. Entities’’), are authorized.
(b) All property and interests in
property of OWH SE i.L. Entities are
unblocked.
(c) This general license does not
authorize any transactions otherwise
prohibited by the RuHSR or the URSR,
including transactions involving any
person blocked pursuant to the RuHSR
or the URSR, 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: April 19, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024–12308 Filed 6–7–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 594
Publication of Global Terrorism
Sanctions Regulations Web General
License 28
Office of Foreign Assets
Control, Treasury.
ACTION: Publication of web general
license.
lotter on DSK11XQN23PROD with RULES1
AGENCY:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing one
general license (GL) issued pursuant to
the Global Terrorism Sanctions
SUMMARY:
VerDate Sep<11>2014
16:15 Jun 07, 2024
Jkt 262001
PO 00000
Frm 00021
Fmt 4700
Sfmt 4700
48841
Regulations: GL 28, which was
previously made available on OFAC’s
website.
DATES: GL 28 was issued on February
16, 2024.
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 16, 2024, OFAC issued
GL 28 to authorize certain transactions
otherwise prohibited by the Global
Terrorism Sanctions Regulations, 31
CFR part 594. GL 28 was made available
on OFAC’s website (https://
ofac.treasury.gov) when it was issued.
The text of this GL is provided below.
OFFICE OF FOREIGN ASSETS
CONTROL
Global Terrorism Sanctions
Regulations
31 CFR Part 594
GENERAL LICENSE NO. 28
Authorizing Transactions for ThirdCountry Diplomatic and Consular
Missions Involving Ansarallah
(a) Except as provided in paragraph
(b) of this general license, all
transactions prohibited by the Global
Terrorism Sanctions Regulations, 31
CFR part 594 (GTSR), involving
Ansarallah, or any entity in which
Ansarallah owns, directly or indirectly,
a 50 percent or greater interest, that are
ordinarily incident and necessary to the
official business of third-country
diplomatic or consular missions to
Yemen are authorized.
(b) This general license does not
authorize:
(1) Financial transfers to any blocked
person described in paragraph (a) of this
general license, other than for the
purpose of effecting the payment of
taxes, fees, or import duties, or the
purchase or receipt of permits, licenses,
or public utility services; or
(2) Any transactions otherwise
prohibited by the GTSR, including
transactions involving any person
blocked pursuant to the GTSR other
than the blocked persons described in
paragraph (a) of this general license,
unless separately authorized.
Bradley T. Smith,
E:\FR\FM\10JNR1.SGM
10JNR1
]]>Agencies
[Federal Register Volume 89, Number 112 (Monday, June 10, 2024)]
[Rules and Regulations]
[Pages 48840-48841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12308]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 8I, 13I, and 94
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 three general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 8I, 13I, and 94, each of which was previously made
available on OFAC's website.
DATES: GL 13I was issued on April 12, 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 April 12, 2024, OFAC issued GL 13I to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). GL 13I
replaced and superseded GL 13H and has an expiration date of July 11,
2024. On April 19, 2024, OFAC issued GL 94, also authorizing certain
transactions otherwise prohibited by the RuHSR. On April 29, 2024, OFAC
issued GL 8I, also authorizing certain transactions otherwise
prohibited by the RuHSR. GL 8I replaced and superseded GL 8H and has an
expiration date of November 1, 2024. Each GL was 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. 8I
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, November 1, 2024:
(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;
(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 April 29, 2024, General License No. 8H, dated October
25, 2023, is replaced and superseded in its entirety by this General
License No. 8I.
Note to General License No. 8I. This authorization is valid
until November 1, 2024, unless renewed.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 29, 2024.
[[Page 48841]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 13I
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,
certifications, or tax refunds 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, July 11, 2024.
(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 April 12, 2024, General License No. 13H, dated
January 18, 2024, is replaced and superseded in its entirety by this
General License No. 13I.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
Ukraine-/Russia-Related Sanctions Regulations
31 CFR Part 589
GENERAL LICENSE NO. 94
Authorizing Transactions Involving OWH SE i.L. (Formerly Known as VTB
Bank Europe SE)
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587 (RuHSR) or the Ukraine-/Russia-
Related Sanctions Regulations, 31 CFR part 589 (URSR), involving OWH SE
i.L. (formerly known as VTB Bank Europe SE), or any entity in which OWH
SE i.L. owns, directly or indirectly, a 50 percent or greater interest
(``OWH SE i.L. Entities''), are authorized.
(b) All property and interests in property of OWH SE i.L. Entities
are unblocked.
(c) This general license does not authorize any transactions
otherwise prohibited by the RuHSR or the URSR, including transactions
involving any person blocked pursuant to the RuHSR or the URSR, 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: April 19, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12308 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P
