Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 79 and 80, 80740-80741 [2024-22934]

Download as PDF 80740 § 71.1 Federal Register / Vol. 89, No. 193 / Friday, October 4, 2024 / Rules and Regulations [Amended] Electronic Availability 2. The incorporation by reference in 14 CFR 71.1 of Federal Aviation Administration Order JO 7400.11J, Airspace Designations and Reporting Points, dated July 31, 2024, and effective September 15, 2024, is amended as follows: This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. ■ Background Paragraph 6005 Class E Airspace Areas Extending Upward From 700 Feet or More Above the Surface of the Earth. * * * * * ANE ME E5 Matinicus Island, ME [New] Matinicus Island Airport, ME (Lat. 43°52′17″ N, long. 68°53′37″ W) That airspace extending upward from 700 feet above the surface within a 6-mile radius of Matinicus Island Airport, ME. * * * * * Issued in College Park, Georgia, on October 1, 2024. Patrick Young, Manager, Airspace & Procedures Team North, Eastern Service Center, Air Traffic Organization. BILLING CODE 4910–13–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 79 and 80 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 two general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 79 and 80, each of which was previously made available on OFAC’s website. DATES: GLs 79 and 80 were issued on December 12, 2023. See SUPPLEMENTARY INFORMATION for additional relevant dates. khammond on DSKJM1Z7X2PROD with RULES SUMMARY: 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 or https://ofac.treasury.gov/ contact-ofac. SUPPLEMENTARY INFORMATION: 17:03 Oct 03, 2024 Jkt 265001 OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 79 Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on December 12, 2023 [FR Doc. 2024–22957 Filed 10–3–24; 8:45 am] VerDate Sep<11>2014 On December 12, 2023, OFAC issued GLs 79 and 80 to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. Each GL has an expiration date of March 11, 2024 and was made available on OFAC’s website (https:// ofac.treasury.gov/) at the time of publication. The text of these GLs is provided below. (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, March 11, 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) Limited Liability Company Kyiv Square; (2) Highland Gold Mining Limited; (3) Limited Liability Company Kismet Capital Group; or (4) 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, PO 00000 Frm 00026 Fmt 4700 Sfmt 4700 and the Ministry of Finance of the Russian Federation, as amended; or (3) Any transactions otherwise prohibited by the RuHSR, including transactions involving any person blocked pursuant to the RuHSR other than the blocked persons mentioned in paragraph (a), unless separately authorized. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: December 12, 2023. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 80 Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Highland Gold Mining Limited (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 of Highland Gold Mining Limited (Highland Gold), or any entity in which Highland Gold owns, directly or indirectly, a 50 percent or greater interest, purchased prior to December 12, 2023 (‘‘Covered Debt or Equity’’), to a non-U.S. person are authorized through 12:01 a.m. eastern daylight time, March 11, 2024. (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, December 12, 2023 are authorized through 12:01 a.m. eastern daylight time, March 11, 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, December 12, 2023 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, March 11, 2024, provided that any payments to a blocked person are made into a blocked account in accordance with the Russian Harmful Foreign E:\FR\FM\04OCR1.SGM 04OCR1 Federal Register / Vol. 89, No. 193 / Friday, October 4, 2024 / Rules and Regulations 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: December 12, 2023. Lisa M. Palluconi, Acting Deputy Director, Office of Foreign Assets Control. [FR Doc. 2024–22934 Filed 10–3–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 587 khammond on DSKJM1Z7X2PROD with RULES Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 8H Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing one SUMMARY: VerDate Sep<11>2014 17:03 Oct 03, 2024 Jkt 265001 general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 8H, which was previously made available on OFAC’s website. DATES: GL 8H was issued on October 25, 2023. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Compliance, 202– 622–2490 or https://ofac.treasury.gov/ contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov. Background On October 25, 2023, OFAC issued GL 8H to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. GL 8H 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 Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 8H 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, May 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; PO 00000 Frm 00027 Fmt 4700 Sfmt 4700 80741 (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 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 October 25, 2023, General License No. 8G, dated May 5, 2023, is replaced and superseded in its entirety by this General License No. 8H. Note to General License No. 8H. This authorization is valid until May 1, 2024, unless renewed. Bradley T. Smith, Director, Office of Foreign Assets Control. E:\FR\FM\04OCR1.SGM 04OCR1

Agencies

[Federal Register Volume 89, Number 193 (Friday, October 4, 2024)]
[Rules and Regulations]
[Pages 80740-80741]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22934]


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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 79 and 80

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 two general licenses (GLs) issued pursuant 
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 79 
and 80, each of which was previously made available on OFAC's website.

DATES: GLs 79 and 80 were issued on December 12, 2023. See 
SUPPLEMENTARY INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Compliance, 202-622-2490 or 
https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On December 12, 2023, OFAC issued GLs 79 and 80 to authorize 
certain transactions otherwise prohibited by the Russian Harmful 
Foreign Activities Sanctions Regulations, 31 CFR part 587. Each GL has 
an expiration date of March 11, 2024 and was made available on OFAC's 
website (https://ofac.treasury.gov/) at the time of publication. 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. 79

Authorizing the Wind Down of Transactions Involving Certain Entities 
Blocked on December 12, 2023

    (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, March 11, 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) Limited Liability Company Kyiv Square;
    (2) Highland Gold Mining Limited;
    (3) Limited Liability Company Kismet Capital Group; or
    (4) 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, as amended; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the blocked persons mentioned in paragraph (a), unless separately 
authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: December 12, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 80

Authorizing Certain Transactions Related to Debt or Equity of, or 
Derivative Contracts Involving, Highland Gold Mining Limited

    (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 of Highland Gold Mining Limited (Highland Gold), or any entity 
in which Highland Gold owns, directly or indirectly, a 50 percent or 
greater interest, purchased prior to December 12, 2023 (``Covered Debt 
or Equity''), to a non-U.S. person are authorized through 12:01 a.m. 
eastern daylight time, March 11, 2024.
    (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, December 12, 2023 are authorized through 12:01 a.m. eastern 
daylight time, March 11, 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, December 12, 2023 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, March 11, 
2024, provided that any payments to a blocked person are made into a 
blocked account in accordance with the Russian Harmful Foreign

[[Page 80741]]

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: December 12, 2023.

Lisa M. Palluconi,
Acting Deputy Director, Office of Foreign Assets Control.
[FR Doc. 2024-22934 Filed 10-3-24; 8:45 am]
BILLING CODE 4810-AL-P
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