Rule2022-27226
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 54
Primary source
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Published
December 16, 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 54, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 87 Issue 241 (Friday, December 16, 2022)</title>
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[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Rules and Regulations]
[Pages 76930-76931]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27226]
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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 54
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 54,
which was previously made available on OFAC's website.
DATES: GL 54 was issued on November 18, 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 November 18, 2022, OFAC issued GL 54 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. At the time of
issuance, OFAC made GL 54 available on its website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>). 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. 54
Authorizing Certain Transactions Involving VEON Ltd. Prohibited by
Executive Order 14071
(a) Except as provided in paragraph (b) of this general license,
all transactions ordinarily incident and necessary to the purchase
or receipt of any debt or equity securities of VEON Ltd. that are
prohibited by section 1(a)(i) of Executive Order (E.O.) 14071 are
authorized, provided that the debt or equity securities were issued
prior to June 6, 2022.
Note to paragraph (a). Except as provided in paragraph (b) of
this general license, all transactions ordinarily incident and
necessary to facilitating, clearing, and settling of transactions
authorized by paragraph (a) of this general license that are
prohibited by section 1(a)(i) of E.O. 14071 are authorized.
(b) This general license does not authorize 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,
unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[[Page 76931]]
Dated: November 18, 2022.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-27226 Filed 12-15-22; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on December 16, 2022.
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