Rule2022-14914
Publication of Ukraine-/Russia-Related Web General Licenses 2 and 10
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
July 13, 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 2 and GL 10, each of which was previously issued on OFAC's website and is now expired.
Full Text
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<title>Federal Register, Volume 87 Issue 133 (Wednesday, July 13, 2022)</title>
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[Federal Register Volume 87, Number 133 (Wednesday, July 13, 2022)]
[Rules and Regulations]
[Pages 41589-41590]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14914]
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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 2 and
10
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 2 and GL 10, each of
which was previously issued on OFAC's website and is now expired.
DATES: GL 2 expired on September 26, 2014, and GL 10 expired on October
1, 2016. 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 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
On March 6, 2014, the President, invoking the authority of, inter
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.), issued Executive Order (E.O.) 13660, ``Blocking Property of
Certain Persons Contributing to the Situation in Ukraine'' (79 FR
13493, March 10, 2014). In E.O. 13660, the President determined that
the actions and policies of persons including persons who have asserted
governmental authority in the Crimean region without the authorization
of the Government of Ukraine that undermine democratic processes and
institutions in Ukraine; threaten its peace, security, stability,
sovereignty, and territorial integrity; and contribute to the
misappropriation of its assets, constitute an unusual and extraordinary
threat to the national security and foreign policy of the United
States, and declared a national emergency to deal with that threat.
The President subsequently issued E.O. 13661 of March 16, 2014,
``Blocking Property of Additional Persons Contributing to the Situation
in Ukraine'' (79 FR 15535 March 19, 2014), and E.O. 13662 of March 20,
2014, ``Blocking Property of Additional Persons Contributing to the
Situation in Ukraine'' (79 FR 16169, March 24, 2014), both of which
expanded the scope of the national emergency declared in E.O. 13660. On
May 8, 2014, OFAC published the Ukraine Related Sanctions Regulations,
31 CFR part 589 (which have since been reissued and renamed the
Ukraine-/Russia-Related Sanctions Regulations), to implement E.O.
13660, E.O. 13661, and E.O. 13662 (79 FR 26365, May 8, 2014).
On September 12, 2014, pursuant to authorities delegated from the
Secretary of the Treasury, the Director of OFAC issued Directive 4
under E.O. 13662. Directive 4, as originally issued,\1\ prohibited,
among other things, the provision, exportation, or reexportation,
directly or indirectly, of goods, services (except for financial
services), or technology by U.S. persons or within the United States in
support of exploration or production for deepwater, Arctic offshore, or
shale projects that have the potential to produce oil in the Russian
Federation, or in maritime area claimed by the Russian Federation and
extending from its territory, and that involve any person determined to
be subject to Directive 4, its property, or its interests in property.
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\1\ Directive 4, as originally issued, was replaced and
superseded by an amended version of Directive 4, issued October 31,
2017.
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Also on September 12, 2014, OFAC, in consultation with the
Department of State, issued GL 2, pursuant to E.O. 13662, to authorize,
through 12:01 a.m. eastern daylight time, September 26, 2014, certain
activities prohibited by Directive 4 under E.O. 13662 that are
ordinarily incident and necessary to the wind down of operations,
contracts, or other agreements involving persons determined to be
subject to Directive 4 and that were in effect prior to September 12,
2014.
On December 19, 2014, the President, in order to take additional
steps to address the Russian occupation of the Crimea region of
Ukraine, issued E.O. 13685, ``Blocking Property of Certain Persons and
Prohibiting Certain Transactions With Respect to the Crimea Region of
Ukraine'' (79 FR 77357, December 24, 2014), pursuant to the national
emergency declared in E.O. 13660 and expanded by E.O. 13661 and E.O.
13662.
On August 31, 2016, OFAC, in consultation with the Department of
State, issued GL 10, pursuant to E.O. 13685, to authorize, through
12:01 a.m.
[[Page 41590]]
eastern daylight time, October 1, 2016, certain transactions and
activities otherwise prohibited pursuant to E.O. 13685, that are
ordinarily incident and necessary to divest or transfer holdings in
PJSC Mostotrest, a person blocked pursuant to E.O. 13685, to a non-U.S.
person.
The text of GLs 2 and 10 is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13662 of March 20, 2014
Blocking Property of Additional Persons Contributing to the Situation
in Ukraine
GENERAL LICENSE NO. 2
Authorizing Certain Activities Prohibited by Directive 4 Under
Executive Order 13662 Necessary To Wind Down Operations
(a) Except as provided in paragraph (b) of this general license,
all activities prohibited by Directive 4 under Executive Order 13662 of
March 20, 2014, that are ordinarily incident and necessary to the wind
down of operations, contracts, or other agreements involving persons
determined to be subject to Directive 4 under Executive Order 13662 and
that were in effect prior to September 12, 2014, are authorized through
12:01 a.m. eastern daylight time, September 26, 2014.
(b) This general license does not authorize any new provision,
exportation, or reexportation of goods, services (except for financial
services), or technology except as needed to cease operations involving
projects covered by Directive 4 under Executive Order 13662. This
general license does not authorize any transactions or dealings
otherwise prohibited by any other Directive under Executive Order 13662
or any part of 31 CFR chapter V.
(c) U.S. persons participating in transactions authorized by this
general license are required, within 10 business days after the wind-
down activities conclude, to file a detailed report, including the
parties involved, the type and scope of activities conducted, and the
dates of the activities, with the Office of Foreign Assets Control,
Licensing Division, U.S. Department of the Treasury, 1500 Pennsylvania
Avenue NW, Annex, Washington, DC 20220.
John E. Smith,
Acting Director, Office of Foreign Assets Control.
Dated: September 12, 2014.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13685 of December 19, 2014
Blocking Property of Certain Persons and Prohibiting Certain
Transactions With Respect to the Crimea Region of Ukraine
GENERAL LICENSE NO. 10
Authorizing Certain Transactions Otherwise Prohibited by Executive
Order 13685
Necessary To Divest or Transfer Holdings in Certain Blocked Entities
(a) Except as provided in paragraph (c) of this general license,
all transactions and activities otherwise prohibited pursuant to
Executive Order (E.O.) 13685 of December 19, 2014 (``Blocking Property
of Certain Persons and Prohibiting Certain Transactions With Respect to
the Crimea Region of Ukraine'') that are ordinarily incident and
necessary to divest or transfer to a non-U.S. person holdings in PJSC
Mostotrest are authorized through 12:01 a.m. eastern daylight time,
October 1, 2016.
(b) The transactions and activities authorized in paragraph (a)
include facilitating, clearing, and settling transactions to divest or
transfer to a non-U.S. person holdings in PJSC Mostotrest, including on
behalf of non-U.S. persons.
(c) This general license does not authorize:
(1) U.S. persons to sell holdings to, purchase or invest in
holdings of, or facilitate non-U.S. person transactions with, any
entity whose property and interests in property are blocked pursuant to
E.O. 13685, including PJSC Mostotrest, or to engage in any transactions
or activities otherwise prohibited by any other Executive order, or any
part of 31 CFR chapter V; or
(2) The unblocking of any property blocked pursuant to E.O. 13685,
any other Executive order, or any part of 31 CFR chapter V, except as
authorized by paragraph (a).
(d) U.S. and non-U.S. persons divesting or transferring holdings in
PJSC Mostotrest authorized by this general license are required, within
10 business days after the divestment activities conclude, to file a
detailed report, 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,
Sanctions Compliance & Evaluation Division, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building,
Washington, DC 20220, or via email to <a href="/cdn-cgi/l/email-protection#0b444d4a48596e7b64797f4b7f796e6a787e7972256c647d"><span class="__cf_email__" data-cfemail="a3ece5e2e0f1c6d3ccd1d7e3d7d1c6c2d0d6d1da8dc4ccd5">[email protected]</span></a>.
Andrea Gacki,
Acting Director, Office of Foreign Assets Control.
Dated: August 31, 2016.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-14914 Filed 7-12-22; 8:45 am]
BILLING CODE 4810-AL-P
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