Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 95, 96, and 97, 48838-48840 [2024-12312]
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48838
Federal Register / Vol. 89, No. 112 / Monday, June 10, 2024 / Rules and Regulations
21. Amend § 223.20 by revising
paragraphs (b)(1) and (h)(8) and (9) to
read as follows:
■
§ 223.20 Revocation proceedings initiated
by Treasury upon receipt of an agency
complaint.
*
*
*
*
*
(b) * * *
(1) The agency has determined,
consistent with agency authorities, the
principal is in default on the obligation
covered by the bond. Alternatively, if
the default has been litigated,
documentation indicating a court of
competent jurisdiction has determined
the principal is in default;
*
*
*
*
*
(h) * * *
(8) The formal adjudication standards
under the Administrative Procedure
Act, 5 U.S.C. 554, 556, and 557, do not
apply to the informal hearing or
adjudication process.
(9) Treasury may promulgate
additional procedural guidance
governing the conduct of informal
hearings.
*
*
*
*
*
■ 22. Revise § 223.21 to read as follows:
§ 223.21
Reinstatement.
If, after one year from the date that
Treasury notifies the company of its
decision to decline to renew or revoke
the certificate of authority of a company
under this part, the company can
demonstrate that the basis for the nonrenewal or revocation has been cured, as
determined by Treasury in its
discretion, and that it can comply with,
and does meet, all continuing
requirements for certification under 31
U.S.C. 9304–9308 and this part, the
company may submit an application to
Treasury for reinstatement or reissuance
of a certificate of authority, which will
be granted without prejudice if all such
requirements are met. Treasury may
waive the one year waiting period for
good cause shown, as determined by
Treasury in its sole discretion.
■ 23. Revise § 223.22 to read as follows:
lotter on DSK11XQN23PROD with RULES1
§ 223.22 Fees for service of the Treasury
Department.
(a) Fees shall be imposed and
collected, for the services listed in
paragraphs (a)(1) through (6) of this
section that are performed by Treasury,
regardless of whether the action
requested is granted or denied. An
online payment portal is provided at
https://www.fiscal.treasury.gov/suretybonds/. The amount of the fee will be
based on which of the following
categories of service is requested:
(1) Examination of a company’s
application for a certificate of authority
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as an acceptable surety on Federal
bonds or for a certificate of authority as
an acceptable reinsuring company on
such bonds (see § 223.2(a));
(2) Examination of a company’s
application for recognition as an
admitted reinsurer of surety companies
doing business with the United States
(see § 223.12(h));
(3) Examination of a company’s
application for recognition as a
complementary reinsurer of surety
companies doing business with the
United States (see § 223.12(i));
(4) Examination of a company’s
application for recognition as an alien
reinsurer of surety companies doing
business with the United States (see
§ 223.12(j));
(5) Determination of a company’s
continuing qualifications for annual
renewal of its certificate of authority
(see § 223.2(b)); or
(6) Determination of a company’s
continuing qualifications for annual
renewal of its recognition as an
admitted reinsurer, complementary
reinsurer, or alien reinsurer (see
§ 223.12).
(b) In a given year a uniform fee will
be collected from every company
requesting a particular category of
service, e.g., determination of a
company’s continuing qualifications for
annual renewal of its certificate of
authority. However, Treasury reserves
the right to redetermine the amounts of
fees annually. Fees are determined in
accordance with Office of Management
and Budget Circular A–25, as amended.
(c) Specific fee information may be
obtained from the Surety Bonds
Program, or online at https://
www.fiscal.treasury.gov/files/suretybonds/user-fees.pdf. In addition, a
notice of the amount of a fee referred to
in paragraphs (a)(1) through (6) of this
section will be published in the Federal
Register as each change in such fee is
made.
By the Department of the Treasury.
David Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2024–12491 Filed 6–7–24; 8:45 am]
BILLING CODE 4810–AS–P
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful
Foreign Activities Sanctions
Regulations Web General Licenses 95,
96, and 97
Office of Foreign Assets
Control, Treasury.
AGENCY:
Publication of web general
licenses.
ACTION:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing three
general licenses (GLs) issued pursuant
to the Russian Harmful Foreign
Activities Sanctions Regulations: GLs
95, 96, and 97, each of which was
previously made available on OFAC’s
website.
SUMMARY:
GLs 94, 95, and 96 were issued
on May 1, 2024. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Assistant Director for Licensing,
202–622–2480; Assistant Director for
Regulatory Affairs, 202–622–4855; or
Assistant Director for 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 May 1, 2024, OFAC issued GLs 95,
96, and 97 to authorize certain
transactions otherwise prohibited by the
Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587.
GL 95 and GL 96 both have an
expiration date of July 30, 2024; GL 97
has an expiration date of June 17, 2024.
Each GL was made available on OFAC’s
website (https://ofac.treasury.gov/) at
the time of publication. The text of these
GLs is provided below.
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Federal Register / Vol. 89, No. 112 / Monday, June 10, 2024 / Rules and Regulations
including export, reexport, and transfer (incountry) licensing requirements maintained
by the Department of Commerce’s Bureau of
Industry and Security under the Export
Administration Regulations, 15 CFR parts
730–774.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
lotter on DSK11XQN23PROD with RULES1
GENERAL LICENSE NO. 95
Authorizing Civil Aviation Safety and
Wind Down Transactions Involving
Limited Liability Company
Aviakompaniya Pobeda
(a) Except as provided in paragraph
(c), all transactions prohibited by
Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the
provision, exportation, or reexportation
of goods, technology, or services to
ensure the safety of civil aviation
involving Limited Liability Company
Aviakompaniya Pobeda are authorized
through 12:01 a.m. eastern daylight
time, July 30, 2024, provided that the
goods, technology, or services that are
provided, exported, or reexported are
for use on aircraft operated solely for
civil aviation purposes.
(b) Except as provided in paragraph
(c) of this general license, all
transactions prohibited by E.O. 14024
that are ordinarily incident and
necessary to the wind down of any
transaction involving Limited Liability
Company Aviakompaniya Pobeda are
authorized through 12:01 a.m. eastern
daylight time, July 30, 2024, provided
that any payment to Limited Liability
Company Aviakompaniya Pobeda must
be made into a blocked account in
accordance with the Russian Harmful
Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR).
(c) This general license does not
authorize:
(1) Any transactions prohibited by
Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent
or Payable-Through Accounts and
Processing of Transactions Involving
Certain Foreign Financial Institutions;
(2) Any 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 Limited Liability Company
Aviakompaniya Pobeda, unless
separately authorized.
Note to General License 95. Nothing in this
general license relieves any person from
compliance with any other Federal laws or
requirements of other Federal agencies,
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Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: May 1, 2024.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 96
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, July 30, 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 (the
‘‘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) Red Box Energy Services PTE LTD;
(2) CFU Shipping Co Limited;
(3) Transstroy Limited Liability
Company
(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
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48839
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: May 1, 2024.
OFFICE OF FOREIGN ASSETS
CONTROL
Russian Harmful Foreign Activities
Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 97
Authorizing the Wind Down of
Transactions Involving Certain Entities
Blocked on May 1, 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, June 17, 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) LLC Sibcapital;
(2) Yantai Iray Technology Co Ltd; or
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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
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SUMMARY:
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16:15 Jun 07, 2024
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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
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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.
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]]>Agencies
[Federal Register Volume 89, Number 112 (Monday, June 10, 2024)]
[Rules and Regulations]
[Pages 48838-48840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12312]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 95, 96, and 97
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 95, 96, and 97, each of which was previously made
available on OFAC's website.
DATES: GLs 94, 95, and 96 were issued on May 1, 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 May 1, 2024, OFAC issued GLs 95, 96, and 97 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. GL 95 and GL 96 both
have an expiration date of July 30, 2024; GL 97 has an expiration date
of June 17, 2024. Each GL was made available on OFAC's website (https://ofac.treasury.gov/) at the time of publication. The text of these GLs
is provided below.
[[Page 48839]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 95
Authorizing Civil Aviation Safety and Wind Down Transactions Involving
Limited Liability Company Aviakompaniya Pobeda
(a) Except as provided in paragraph (c), all transactions
prohibited by Executive Order (E.O.) 14024 that are ordinarily incident
and necessary to the provision, exportation, or reexportation of goods,
technology, or services to ensure the safety of civil aviation
involving Limited Liability Company Aviakompaniya Pobeda are authorized
through 12:01 a.m. eastern daylight time, July 30, 2024, provided that
the goods, technology, or services that are provided, exported, or
reexported are for use on aircraft operated solely for civil aviation
purposes.
(b) Except as provided in paragraph (c) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to the wind down of any transaction involving Limited
Liability Company Aviakompaniya Pobeda are authorized through 12:01
a.m. eastern daylight time, July 30, 2024, provided that any payment to
Limited Liability Company Aviakompaniya Pobeda must be made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(c) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any 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 Limited Liability Company Aviakompaniya Pobeda, unless separately
authorized.
Note to General License 95. Nothing in this general license
relieves any person from compliance with any other Federal laws or
requirements of other Federal agencies, including export, reexport,
and transfer (in-country) licensing requirements maintained by the
Department of Commerce's Bureau of Industry and Security under the
Export Administration Regulations, 15 CFR parts 730-774.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: May 1, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 96
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, July 30, 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 (the ``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) Red Box Energy Services PTE LTD;
(2) CFU Shipping Co Limited;
(3) Transstroy Limited Liability Company
(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: May 1, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 97
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on May 1, 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, June 17, 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) LLC Sibcapital;
(2) Yantai Iray Technology Co Ltd; or
[[Page 48840]]
(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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12312 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P
