Rule2022-26137
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 51 and 52
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
December 1, 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 pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 51 and 52, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 87 Issue 230 (Thursday, December 1, 2022)</title>
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[Federal Register Volume 87, Number 230 (Thursday, December 1, 2022)]
[Rules and Regulations]
[Pages 73636-73637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-26137]
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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 51 and 52
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 pursuant
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 51
and 52, each of which was previously made available on OFAC's website.
DATES: GL 51 and GL 52 were issued on September 15, 2022. 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 September 15, 2022, OFAC issued GLs 51 and 52 to authorize
certain transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587. GL 51 has an
expiration date of October 15, 2022. Each GL was made available on
OFAC's website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) at the time of publication. The
texts of GLs 51 and 52 are provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 51
Authorizing the Wind Down of Transactions Involving Limited Liability
Company Group of Companies Akvarius
(a) Except as provided in paragraph (b) of this general license,
all transactions ordinarily incident and necessary to the wind down
of any transaction involving Limited Liability Company Group of
Companies Akvarius (Aquarius), or any entity in which Aquarius owns,
directly or indirectly, a 50 percent or greater interest, that are
prohibited by Executive Order (E.O.) 14024, are authorized through
12:01 a.m. eastern daylight time, October 15, 2022, 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).
(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.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: September 15, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 52
Journalistic Activities and Establishment of News Bureaus
(a) Except as provided in paragraph (c) of this general license,
news reporting organizations that are U.S. persons, and individual
U.S. persons who are journalists (including photojournalists) or
broadcast or
[[Page 73637]]
technical personnel, are authorized to engage in the following
transactions, where such transactions are ordinarily incident and
necessary to such U.S. persons' journalistic activities or to the
establishment or operation of a news bureau and are prohibited by
Executive Order (E.O.) 14024 or section (1)(a)(i) of E.O. 14071,
provided that the only involvement of blocked persons is the
processing of funds by financial institutions blocked pursuant to
E.O. 14024:
(1) Compensating support staff (e.g., stringers, translators,
interpreters, camera operators, technical experts, freelance
producers, or drivers), persons to handle logistics, or other office
personnel;
(2) Leasing or renting office space;
(3) Purchasing, leasing, or renting goods and services (e.g.,
mobile phones and related airtime); or
(4) Paying for all other expenses ordinarily incident and
necessary to journalistic activities, including sales or employment
taxes.
(b) For the purposes of this general license, the term ``news
reporting organization'' means an entity whose primary purpose is
the gathering and dissemination of news to the general public.
(c) This general license does not authorize:
(1) 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;
(2) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation, the
National Wealth Fund of the Russian Federation, or the Ministry of
Finance of the Russian Federation;
(3) Any transactions involving Joint Stock Company Channel One
Russia, Joint Stock Company NTV Broadcasting Company, Television
Station Russia-1, Limited Liability Company Algoritm, New Eastern
Outlook, or Oriental Review, unless separately authorized; 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.
Note to General License No. 52. See Russia-related General
License No. 25C for an authorization for transactions ordinarily
incident and necessary to the receipt or transmission of
telecommunications involving the Russian Federation.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: September 15, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-26137 Filed 11-30-22; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on December 1, 2022.
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