Rule2022-11473
Publication of Ukraine-/Russia-Related Web General Licenses 13Q and 13R
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 27, 2022
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued in the Ukraine-/Russia-related sanctions program: GL 13Q, which was previously issued on OFAC's website and is now expired, and GL 13R, which was also previously issued on OFAC's website and had an expiration date of May 25, 2022.
Full Text
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<title>Federal Register, Volume 87 Issue 103 (Friday, May 27, 2022)</title>
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[Federal Register Volume 87, Number 103 (Friday, May 27, 2022)]
[Rules and Regulations]
[Pages 32081-32082]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-11473]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 589
Publication of Ukraine-/Russia-Related Web General Licenses 13Q
and 13R
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of Web General Licenses.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GLs) issued in the
Ukraine-/Russia-related sanctions program: GL 13Q, which was previously
issued on OFAC's website and is now expired, and GL 13R, which was also
previously issued on OFAC's website and had an expiration date of May
25, 2022.
DATES: GL 13R was issued on April 25, 2022. See SUPPLEMENTARY
INFORMATION of this rule 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 Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
OFAC issued GL 13 on April 6, 2018 to authorize certain
transactions necessary to divest or transfer debt, equity, or other
holdings in certain entities, including GAZ Group, otherwise prohibited
by the Ukraine Related Sanctions Regulations, 31 CFR part 589 (which
have since been renamed the Ukraine-/Russia-Related Sanctions
Regulations). At the time of issuance, OFAC made GL 13, which had an
expiration date of May 7, 2018, available on its website
(<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>). Subsequently, OFAC issued further iterations of
GL 13, all of which were available on OFAC's website. OFAC published
GLs 13 through 13P in the Federal Register on July 28, 2021 (86 FR
40316, July 28, 2021).
On January 24, 2022, OFAC issued GL 13Q, replacing and superseding
GL 13P. GL 13Q had an expiration date of April 27, 2022. On April 25,
2022, OFAC issued GL 13R, replacing and superseding GL 13Q. GL 13R had
an expiration date of May 25, 2022. The text of GLs 13Q and 13R is
provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
GENERAL LICENSE NO. 13Q
Authorizing Certain Transactions Necessary To Divest or Transfer Debt,
Equity, or Other Holdings in GAZ Group
(a) Except as provided in paragraph (d) of this general license,
all transactions and activities otherwise prohibited by the Ukraine
Related Sanctions Regulations, 31 CFR part 589 (URSR), that are
ordinarily incident and necessary (1) to divest or transfer debt,
equity, or other holdings in GAZ Group to a non-U.S. person, or (2) to
facilitate the transfer of debt, equity, or other holdings in GAZ Group
by a non-U.S. person to another non-U.S. person, are authorized through
12:01 a.m. eastern daylight time, April 27, 2022.
(b) Except as provided in paragraph (d) of this general license,
all transactions and activities otherwise prohibited by the URSR that
are ordinarily incident and necessary (1) to divest or transfer debt,
equity, or other holdings in GAZ Group, or in entities in which GAZ
Group owns, directly or indirectly, a 50 percent or greater interest,
that were issued by GAZ Auto Plant (hereinafter, ``Other Issuer
Holdings''), to a non-U.S. person; or (2) to facilitate the transfer of
Other Issuer Holdings by a non-U.S. person to another non-U.S. person,
are authorized through 12:01 a.m. eastern daylight time, April 27,
2022.
(c) The transactions and activities authorized in paragraphs (a)
and (b) include facilitating, clearing, and settling transactions to
divest to a non-U.S. person debt, equity, or other holdings in GAZ
Group, or Other Issuer Holdings as described in paragraph (b),
including on behalf of U.S. persons.
(d) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any other
part of 31 CFR chapter V;
(2) U.S. persons to sell debt, equity, or other holdings to; to
purchase or invest in debt, equity, or other holdings in; or to
facilitate such transactions with, directly or indirectly, any person
whose property and interests in property are blocked pursuant to 31 CFR
part 589, including GAZ Group, other than purchases of or investments
in debt, equity, or other holdings in those persons, or Other Issuer
Holdings as
[[Page 32082]]
described in paragraph (b) (including settlement of purchases or sales
that were pending on April 6, 2018), that are ordinarily incident and
necessary to the divestment or transfer of debt, equity, or other
holdings in GAZ Group, or Other Issuer Holdings as described in
paragraph (b);
(3) Any transactions or dealings involving the property or
interests in property of any person whose property and interests in
property are blocked pursuant to 31 CFR part 589 other than GAZ Group,
or any entity in which GAZ Group has a 50 percent or greater interest
consistent with the authorization in paragraph (b) of this general
license; or
(4) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V.
(e) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email (preferred) to
<a href="/cdn-cgi/l/email-protection#7c333a3d3f2e190c130e083c080e191d0f090e05521b130a"><span class="__cf_email__" data-cfemail="d09f96919382b5a0bfa2a490a4a2b5b1a3a5a2a9feb7bfa6">[email protected]</span></a>.
(f) Effective January 24, 2022, General License No. 13P, dated
December 23, 2020, is replaced and superseded in its entirety by this
General License No. 13Q.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 24, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations 31 CFR Part 589
GENERAL LICENSE NO. 13R
Authorizing the Wind Down of Certain Transactions Necessary To Divest
or Transfer Debt, Equity, or Other Holdings in GAZ Group
(a) Except as provided in paragraph (d) of this general license,
all transactions and activities otherwise prohibited by the Ukraine
Related Sanctions Regulations, 31 CFR part 589 (URSR), that are
ordinarily incident and necessary (1) to divest or transfer debt,
equity, or other holdings in GAZ Group to a non-U.S. person, or (2) to
facilitate the transfer of debt, equity, or other holdings in GAZ Group
by a non-U.S. person to another non-U.S. person, are authorized through
12:01 a.m. eastern daylight time, May 25, 2022.
(b) Except as provided in paragraph (d) of this general license,
all transactions and activities otherwise prohibited by the URSR that
are ordinarily incident and necessary to (1) divest or transfer debt,
equity, or other holdings in GAZ Group, or in entities in which GAZ
Group owns, directly or indirectly, a 50 percent or greater interest,
that were issued by GAZ Auto Plant (hereinafter, ``Other Issuer
Holdings''), to a non-U.S. person; or (2) facilitate the transfer of
Other Issuer Holdings by a non-U.S. person to another non-U.S. person,
are authorized through 12:01 a.m. eastern daylight time, May 25, 2022.
(c) The transactions and activities authorized in paragraphs (a)
and (b) include facilitating, clearing, and settling transactions to
divest to a non-U.S. person debt, equity, or other holdings in GAZ
Group, or Other Issuer Holdings as described in paragraph (b),
including on behalf of U.S. persons.
(d) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any other
part of 31 CFR chapter V;
(2) U.S. persons to sell debt, equity, or other holdings to; to
purchase or invest in debt, equity, or other holdings in; or to
facilitate such transactions with, directly or indirectly, any person
whose property and interests in property are blocked pursuant to 31 CFR
part 589, including GAZ Group, other than purchases of or investments
in debt, equity, or other holdings in those persons, or Other Issuer
Holdings as described in paragraph (b) (including settlement of
purchases or sales that were pending on April 6, 2018), that are
ordinarily incident and necessary to the divestment or transfer of
debt, equity, or other holdings in GAZ Group, or Other Issuer Holdings
as described in paragraph (b);
(3) Any transactions or dealings involving the property or
interests in property of any person whose property and interests in
property are blocked pursuant to 31 CFR part 589 other than GAZ Group,
or any entity in which GAZ Group has a 50 percent or greater interest
consistent with the authorization in paragraph (b) of this general
license; or
(4) Any transactions or dealings otherwise prohibited by any other
part of 31 CFR chapter V.
(e) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the
expiration date of this general license, to file a comprehensive,
detailed report of each transaction, including the names and addresses
of parties involved, the type and scope of activities conducted, and
the dates on which the activities occurred, with the Office of Foreign
Assets Control, Office of Compliance and Enforcement, U.S. Department
of the Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email (preferred) to
<a href="/cdn-cgi/l/email-protection#d79891969485b2a7b8a5a397a3a5b2b6a4a2a5aef9b0b8a1"><span class="__cf_email__" data-cfemail="94dbd2d5d7c6f1e4fbe6e0d4e0e6f1f5e7e1e6edbaf3fbe2">[email protected]</span></a>.
(f) Effective April 25, 2022, General License No. 13Q, dated
January 24, 2022, is replaced and superseded in its entirety by this
General License No. 13R.
Andrea M. Gacki
Director, Office of Foreign Assets Control.
Dated: April 25, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control
[FR Doc. 2022-11473 Filed 5-26-22; 8:45 am]
BILLING CODE 4810-AL-P
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