Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 28A

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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 one general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 28A, 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 73635-73636]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-26138]


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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 28A

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

[[Page 73636]]

Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Russian Harmful Foreign Activities Sanctions Regulations: GL 
28A, which was previously made available on OFAC's website.

DATES: GL 28A was issued on October 17, 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 October 17, 2022, OFAC issued GL 28A to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587. GL 28A was made 
available on OFAC's website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) when it was issued. 
The text of GL 28A is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 28A

Authorizing Certain Transactions Involving Public Joint Stock Company 
Transkapitalbank and Afghanistan

    (a) Except as provided in paragraph (c) of this general license, 
all transactions involving Public Joint Stock Company 
Transkapitalbank (TKB), or any entity in which TKB owns, directly or 
indirectly, a 50 percent or greater interest, that are ultimately 
destined for or originating from Afghanistan and prohibited by 
Executive Order (E.O.) 14024 are authorized through 12:01 a.m. 
eastern standard time, January 18, 2023.
    (b) Except as provided in paragraph (c) of this general license, 
U.S. financial institutions are authorized to operate correspondent 
accounts on behalf of TKB, or any entity in which TKB owns, directly 
or indirectly, a 50 percent or greater interest, provided such 
accounts are used solely to effect transactions authorized in 
paragraph (a) of this general license.
    (c) 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 Russian Harmful 
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), 
including 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 17, 2022, General License No. 28, dated 
April 20, 2022, is replaced and superseded in its entirety by this 
General License No. 28A.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: October 17, 2022.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-26138 Filed 11-30-22; 8:45 am]
BILLING CODE 4810-AL-P


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