Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 8H, 80741-80742 [2024-22935]

Download as PDF 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 80742 Federal Register / Vol. 89, No. 193 / Friday, October 4, 2024 / Rules and Regulations Dated: October 25, 2023. OFFICE OF FOREIGN ASSETS CONTROL Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 BILLING CODE 4810–AL–P GENERAL LICENSE NO. 76A DEPARTMENT OF THE TREASURY Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on November 2, 2023 31 CFR Part 587 Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 76A Office of Foreign Assets Control, Treasury. AGENCY: ACTION: Publication of a 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 76A, which was previously made available on OFAC’s website. SUMMARY: GL 76A was issued on November 8, 2023. 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 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. khammond on DSKJM1Z7X2PROD with RULES Background On November 8, 2023, OFAC issued GL 76A to clarify that GL 76, which was issued on November 2, 2023, applies to Public Joint Stock Company Saint Petersburg Exchange. Like GL 76, GL 76A has an expiration date of January 31, 2024. GL 76A was made available on OFAC’s website (https:// ofac.treasury.gov) when it was issued. The text of this GL is provided below. BILLING CODE 4810–AL–P (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 (collectively, the ‘‘Blocked Entities’’) are authorized through 12:01 a.m. eastern standard time, January 31, 2024, provided that any payment to a Blocked Entity is made into a blocked account in accordance with the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR): (1) Sistema Public Joint Stock Financial Corporation; (2) Public Joint Stock Company Saint Petersburg Exchange; (3) Limited Liability Company Arctic LNG 2; 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; or (3) Any transactions otherwise prohibited by the RuHSR, including transactions involving any person blocked pursuant to the RuHSR other than the Blocked Entities described in paragraph (a) of this general license, unless separately authorized. (c) Effective November 8, 2023, General License No. 76, dated November 2, 2023, is replaced and superseded in its entirety by this General License No. 76A. Bradley T. Smith, Director, Office of Foreign Assets Control. VerDate Sep<11>2014 17:03 Oct 03, 2024 Jkt 265001 PO 00000 Frm 00028 Fmt 4700 Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–22936 Filed 10–3–24; 8:45 am] [FR Doc. 2024–22935 Filed 10–3–24; 8:45 am] Office of Foreign Assets Control Dated: November 8, 2023. Sfmt 4700 DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket No. USCG–2024–0810] Safety Zone; Monte Foundation Fireworks, Monterey Bay, Capitola, CA Coast Guard, DHS. Notification of enforcement of regulation. AGENCY: ACTION: The Coast Guard will enforce the safety zone for the Monte Foundation Fireworks display in the Captain of the Port, San Francisco area of responsibility during the dates and times noted below. This action is necessary to protect life and property of the maritime public from the hazards associated with the fireworks display. During the enforcement period, unauthorized persons or vessels are prohibited from entering into, transiting through, or anchoring in the safety zone, unless authorized by the Patrol Commander (PATCOM) or other Federal, State, or local law enforcement agencies assisting the Coast Guard in enforcing the regulated area. DATES: The regulations in 33 CFR 165.1191, will be enforced for the location in Table 1 to § 165.1191, Item number 22, from 7:30 p.m. through 9 p.m. on October 13, 2024. FOR FURTHER INFORMATION CONTACT: If you have questions about this notification of enforcement, call or email Lieutenant William Harris, U.S. Coast Guard Sector San Francisco, Waterways Management Division; telephone (415) 399–7443, email SFWaterways@uscg.mil. SUPPLEMENTARY INFORMATION: The Coast Guard will enforce the safety zone established in 33 CFR 165.1191 Table 1, Item number 22, for the Monte Foundation Fireworks display from 7:30 p.m. through 9 p.m. on October 13, 2024. The safety zone will extend to all navigable waters of the Monterey Bay, from surface to bottom, within a circle formed by connecting all points 1,000 feet out from the fireworks launch site on the Capitola Pier, in Capitola, CA centered on position 36°58′8.4″ N, SUMMARY: E:\FR\FM\04OCR1.SGM 04OCR1

Agencies

[Federal Register Volume 89, Number 193 (Friday, October 4, 2024)]
[Rules and Regulations]
[Pages 80741-80742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22935]


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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 License 8H

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

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SUMMARY: 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 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;
    (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 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.


[[Page 80742]]


    Dated: October 25, 2023.

Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-22935 Filed 10-3-24; 8:45 am]
BILLING CODE 4810-AL-P
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