Rule2023-03234
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 6C, 28B, and 54A
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
February 15, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing three general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 6C, 28B, and 54A, each of which were previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 88 Issue 31 (Wednesday, February 15, 2023)</title>
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[Federal Register Volume 88, Number 31 (Wednesday, February 15, 2023)]
[Rules and Regulations]
[Pages 9752-9753]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03234]
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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 6C, 28B, and 54A
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 three general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 6C, 28B, and 54A, each of which were previously made
available on OFAC's website.
DATES: GLs 6C, 28B, and 54A were issued on January 17, 2023. 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 January 17, 2023, OFAC issued GLs 6C, 28B, and 54A to authorize
certain transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587. These GLs
superseded GLs 6B, 28A, and 54, respectively. Each GL 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 these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 6C
Transactions Related to Agricultural Commodities, Medicine, Medical
Devices, Replacement Parts and Components, or Software Updates, the
Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587, related to: (1)
the production, manufacturing, sale, transport, or provision of
agricultural commodities, agricultural equipment, medicine, medical
devices, replacement parts and components for medical devices, or
software updates for medical devices; (2) the prevention, diagnosis,
or treatment of COVID-19 (including research or clinical studies
relating to COVID-19); or (3) clinical trials and other medical
research activities are authorized.
(b) For the purposes of this general license, agricultural
commodities, medicine, and medical devices are defined as follows:
(1) Agricultural commodities. For the purposes of this general
license, agricultural commodities are products that fall within the
term ``agricultural commodity'' as defined in section 102 of the
Agricultural Trade Act of 1978 (7 U.S.C. 5602) and are intended for
use as:
(i) Food for humans (including raw, processed, and packaged
foods; live animals; vitamins and minerals; food additives or
supplements; and bottled drinking water) or animals (including
animal feeds);
(ii) Seeds for food crops;
(iii) Fertilizers or organic fertilizers; or
(iv) Reproductive materials (such as live animals, fertilized
eggs, embryos, and semen) for the production of food animals.
(2) Medicine. For the purposes of this general license, medicine
is an item that falls within the definition of the term ``drug'' in
section 201 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C.
321).
(3) Medical devices. For the purposes of this general license, a
medical device is an item that falls within the definition of
``device'' in section 201 of the Federal Food, Drug, and Cosmetic
Act (21 U.S.C. 321).
(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 Executive Order (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; or
(3) Transactions prohibited by E.O. 14066, E.O. 14068, or E.O.
14071, except for transactions prohibited solely by the
determination of May 8, 2022, made pursuant to section 1(a)(ii) of
E.O. 14071, ``Prohibitions Related to Certain Accounting, Trust and
Corporate Formation, and Management Consulting Services''.
(d) Effective January 17, 2023, General License No. 6B, dated
July 14, 2022, is replaced and superseded in its entirety by this
General License No. 6C.
Note: 1 to General License No. 6C: Transactions prohibited by
E.O. 14066, E.O. 14068, and E.O. 14071 include new investment in the
Russian Federation and the importation into the United States of
certain products of Russian Federation origin, such as alcoholic
beverages and fish, seafood, or preparations thereof.
Note: 2 to General License No. 6C: Nothing in this general
license relieves any person from compliance with any other Federal
laws or requirements of other Federal agencies.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 17, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 28B
Authorizing the Wind Down and Rejection of Certain Transactions
Involving Public Joint Stock Company Transkapitalbank and Afghanistan
(a) Except as provided in paragraph (c) of this general license,
all transactions that are ordinarily incident and necessary to the
wind
[[Page 9753]]
down of transactions involving Public Joint Stock Company
Transkapitalbank (TKB), or any entity in which TKB owns, directly or
indirectly, a 50 percent or greater interest (collectively, ``TKB
entities''), 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 daylight time, March 18, 2023,
provided that any payment to any TKB entity is made into a blocked
account in accordance with the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587 (RuHSR).
Note to paragraph (a): The transactions authorized in paragraph
(a) of this general license include the wind down and closure of
correspondent accounts operated by U.S. financial institutions on
behalf of TKB entities, provided any remaining funds or assets in
the correspondent account to be paid to any TKB entity are placed in
a blocked account.
(b) Except as provided in paragraph (c) of this general license,
U.S. persons are authorized to reject, rather than block, all
transactions ordinarily incident and necessary to the processing of
funds ultimately destined for or originating from Afghanistan
involving one or more TKB entities as an originating, intermediary
or beneficiary financial institution and prohibited by E.O. 14024
through 12:01 a.m. eastern daylight time, March 18, 2023.
(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 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 January 17, 2023, General License No. 28A, dated
October 17, 2022, is replaced and superseded in its entirety by this
General License No. 28B.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 17, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 54A
Authorizing Certain Transactions Involving VEON Ltd. or VEON Holdings
B.V. 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. or VEON
Holdings B.V. 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.
(c) Effective January 17, 2023, General License No. 54, dated
November 18, 2022, is replaced and superseded in its entirety by
this General License No. 54A.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: January 17, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03234 Filed 2-14-23; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on February 15, 2023.
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