Rule2024-12308
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 8I, 13I, and 94
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
June 10, 2024
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 8I, 13I, and 94, each of which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 89 Issue 112 (Monday, June 10, 2024)</title>
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[Federal Register Volume 89, Number 112 (Monday, June 10, 2024)]
[Rules and Regulations]
[Pages 48840-48841]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12308]
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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 8I, 13I, and 94
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 8I, 13I, and 94, each of which was previously made
available on OFAC's website.
DATES: GL 13I was issued on April 12, 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 April 12, 2024, OFAC issued GL 13I to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). GL 13I
replaced and superseded GL 13H and has an expiration date of July 11,
2024. On April 19, 2024, OFAC issued GL 94, also authorizing certain
transactions otherwise prohibited by the RuHSR. On April 29, 2024, OFAC
issued GL 8I, also authorizing certain transactions otherwise
prohibited by the RuHSR. GL 8I replaced and superseded GL 8H and has an
expiration date of November 1, 2024. Each GL was made available on
OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</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. 8I
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, November 1, 2024:
(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) Public Joint Stock Company Rosbank;
(8) Bank Zenit Public Joint Stock Company;
(9) Bank Saint-Petersburg Public Joint Stock Company;
(10) 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
(11) 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:
(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 April 29, 2024, General License No. 8H, dated October
25, 2023, is replaced and superseded in its entirety by this General
License No. 8I.
Note to General License No. 8I. This authorization is valid
until November 1, 2024, unless renewed.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 29, 2024.
[[Page 48841]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 13I
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, July 11, 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 April 12, 2024, General License No. 13H, dated
January 18, 2024, is replaced and superseded in its entirety by this
General License No. 13I.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
Ukraine-/Russia-Related Sanctions Regulations
31 CFR Part 589
GENERAL LICENSE NO. 94
Authorizing Transactions Involving OWH SE i.L. (Formerly Known as VTB
Bank Europe SE)
(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 (RuHSR) or the Ukraine-/Russia-
Related Sanctions Regulations, 31 CFR part 589 (URSR), involving OWH SE
i.L. (formerly known as VTB Bank Europe SE), or any entity in which OWH
SE i.L. owns, directly or indirectly, a 50 percent or greater interest
(``OWH SE i.L. Entities''), are authorized.
(b) All property and interests in property of OWH SE i.L. Entities
are unblocked.
(c) This general license does not authorize any transactions
otherwise prohibited by the RuHSR or the URSR, including transactions
involving any person blocked pursuant to the RuHSR or the URSR, other
than the blocked persons described in paragraph (a) of this general
license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 19, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12308 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P
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