Rule2022-28240
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 8D and 40C
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 28, 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 8D and 40C, which were previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 87 Issue 248 (Wednesday, December 28, 2022)</title>
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[Federal Register Volume 87, Number 248 (Wednesday, December 28, 2022)]
[Rules and Regulations]
[Pages 79803-79804]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-28240]
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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 8D and 40C
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 8D
and 40C, which were previously made available on OFAC's website.
DATES: GL 8D was issued on November 10, 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 10, 2022, OFAC issued GL 8D to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). On November
14, 2022, OFAC issued GL 40C to authorize certain transactions
otherwise prohibited by the RuHSR. At the time of issuance, OFAC made
GLs 8D and 40C available on its website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>). The text
of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations; 31 CFR Part
587
GENERAL LICENSE NO. 8D
Authorizing Transactions Related to Energy
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024
involving one or more of the following entities that are related to
energy are authorized, through 12:01 a.m. eastern daylight time, May
15, 2023.
(1) State Corporation Bank for Development and Foreign Economic
Affairs Vnesheconombank;
(2) Public Joint Stock Company Bank Financial Corporation
Otkritie;
(3) Sovcombank Open Joint Stock Company;
(4) Public Joint Stock Company Sberbank of Russia;
(5) VTB Bank Public Joint Stock Company;
(6) Joint Stock Company Alfa-Bank;
(7) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50
percent or greater interest; or
(8) the Central Bank of the Russian Federation.
(b) For the purposes of this general license, the term ``related
to energy'' means the extraction, production, refinement,
liquefaction, gasification, regasification, conversion, enrichment,
fabrication, transport, or purchase of petroleum, including crude
oil, lease condensates, unfinished oils, natural gas liquids,
petroleum products, natural gas, or other products capable of
producing energy, such as coal, wood, or agricultural products used
to manufacture biofuels, or uranium in any form, as well as the
development, production, generation, transmission, or exchange of
power, through any means, including nuclear, thermal, and renewable
energy sources.
(c) This general license does not authorize:
[[Page 79804]]
(1) Any transactions prohibited by Directive 1A under E.O.
14024, Prohibitions Related to Certain Sovereign Debt of the Russian
Federation;
(2) 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;
(3) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation; 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.
(d) Effective November 10, 2022, General License No. 8C, dated
June 14, 2022, is replaced and superseded in its entirety by this
General License No. 8D.
Note to General License No. 8D. This authorization is valid
until May 15, 2023 unless renewed.
Bradley T. Smith
Deputy Director, Office of Foreign Assets Control.
Dated: November 10, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations; 31 CFR Part
587
GENERAL LICENSE NO. 40C
Civil Aviation Safety
(a) Except as provided in paragraph (b), all transactions
ordinarily incident and necessary to the provision, exportation, or
reexportation of goods, technology, or services to ensure the safety
of civil aviation involving one or more of the blocked entities
listed in the Annex to this general license and that are prohibited
by Executive Order (E.O.) 14024 are authorized, provided that:
(1) The aircraft is registered in a jurisdiction solely outside
of the Russian Federation; and
(2) The goods, technology, or services that are provided,
exported, or reexported are for use on aircraft operated solely for
civil aviation purposes.
(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 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 entities listed in the Annex to this
general license, unless separately authorized.
(c) Effective November 14, 2022, General License No. 40B, dated
August 3, 2022, is replaced and superseded in its entirety by this
General License No. 40C.
Note to General License 40C. Nothing in this general license
relieves any person from compliance with any other Federal laws or
requirements of other Federal agencies, including export, reexport,
and transfer (in-country) licensing requirements maintained by the
Department of Commerce's Bureau of Industry and Security under the
Export Administration Regulations, 15 CFR parts 730-774.
Andrea M. Gacki
Director, Office of Foreign Assets Control.
Dated: November 14, 2022.
Annex--Blocked Entities Described in Paragraph (a) of General License
40C
List of blocked entities described in paragraph (a) of General
License 40C:
(a) Public Joint Stock Company United Aircraft Corporation;
(b) Irkut Corporation Joint Stock Company;
(c) Energotsentr Irkut;
(d) Irkut-Avtotrans;
(e) Irkut-Remstroi;
(f) Irkut-Stanko Service;
(g) Rapart Servisez;
(h) Sportivno-Ozdorovitelnyi Tsentr Irkut-Zenit;
(i) Tipografiya Irkut;
(j) Joint Stock Company Ilyushin Finance Company;
(k) Open Joint Stock Company Ilyushin Aviation Complex;
(l) Public Joint Stock Company Taganrog Aviation Scientific-
Technical Complex N.A. G.M. Beriev;
(m) Joint Stock Company Flight Research Institute N.A. M.M.
Gromov;
(n) Tupolev Public Joint Stock Company;
(o) Limited Liability Company Kapo-Avtotrans;
(p) Limited Liability Company Kapo-Zhilbitservis;
(q) Limited Liability Company Networking Company Irkut;
(r) Joint Stock Company State Transportation Leasing Company;
(s) Emperor Aviation LTD; or
(t) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50
percent or greater interest.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-28240 Filed 12-27-22; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on December 28, 2022.
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