Rule2024-03629
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 13H and 86
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 22, 2024
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 13H and 86, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 89 Issue 36 (Thursday, February 22, 2024)</title>
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[Federal Register Volume 89, Number 36 (Thursday, February 22, 2024)]
[Rules and Regulations]
[Pages 13270-13271]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-03629]
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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 13H and 86
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
13H and 86, each of which was previously made available on OFAC's
website.
DATES: GLs 13H and 86 were issued on January 18, 2024. 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 Compliance, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.
Background
On January 18, 2024, OFAC issued GLs 13H and 86 to authorize
certain transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587. Each GL has
an expiration date of April 17, 2024 and was made available on OFAC's
website (<a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>) at the time of publication. 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. 13H
Authorizing Certain Administrative Transactions Prohibited by Directive
4 Under Executive Order 14024
(a) Except as provided in paragraph (b) of this general license,
U.S. persons, or entities owned or controlled, directly or indirectly,
by a U.S. person, are authorized to pay taxes, fees, or import duties,
and purchase or receive permits, licenses, registrations,
certifications, or tax refunds to the extent such transactions are
prohibited by Directive 4 under Executive Order 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, provided such
transactions are ordinarily incident and necessary to the day-to-day
operations in the Russian Federation of such U.S. persons or entities,
through 12:01 a.m. eastern daylight time, April 17, 2024.
(b) This general license does not authorize:
(1) 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
(2) 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 18, 2024, General License No. 13G, dated
November 2, 2023, is replaced and superseded in its entirety by this
General License No. 13H.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 18, 2024.
[[Page 13271]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 86
Authorizing Limited Safety and Environmental Transactions Involving
Certain Persons or Vessels Blocked on January 18, 2024
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to one of the following activities
involving the blocked persons described in paragraph (b) are authorized
through 12:01 a.m. eastern daylight time, April 17, 2024, 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 (RuHSR):
(1) The safe docking and anchoring in port of any vessels in which
any person or entity listed in paragraph (b) of this general license
has a property interest (``blocked vessels'');
(2) The preservation of the health or safety of the crew of any of
the blocked vessels; or
(3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
(b) The authorization in paragraph (a) of this general license
applies to Hennesea Holdings Limited (Hennesea) and any entity in which
Hennesea owns, directly or indirectly, a 50 percent or greater
interest.
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including the
blocked persons described in paragraph (b) of this general license,
except as authorized by paragraph (a);
(2) The offloading of any cargo onboard any of the blocked vessels,
including the offloading of crude oil or petroleum products of Russian
Federation origin, except for the offloading of cargo that is
ordinarily incident and necessary to address vessel emergencies
authorized pursuant to paragraph (a) of this general license;
(3) Any transactions related to the sale of crude oil or petroleum
products of Russian Federation origin;
(4) 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;
(5) 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
(6) Any transactions otherwise prohibited by the RuHSR, including
transactions involving the property or interests in property of any
person blocked pursuant to the RuHSR, other than transactions involving
the blocked persons described in paragraph (b) of this general license,
unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 18, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-03629 Filed 2-21-24; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on February 22, 2024.
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