Rule2024-12312
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 95, 96, and 97
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 95, 96, and 97, 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 48838-48840]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12312]
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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 95, 96, and 97
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 95, 96, and 97, each of which was previously made
available on OFAC's website.
DATES: GLs 94, 95, and 96 were issued on May 1, 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 May 1, 2024, OFAC issued GLs 95, 96, and 97 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. GL 95 and GL 96 both
have an expiration date of July 30, 2024; GL 97 has an expiration date
of June 17, 2024. Each GL 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.
[[Page 48839]]
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 95
Authorizing Civil Aviation Safety and Wind Down Transactions Involving
Limited Liability Company Aviakompaniya Pobeda
(a) Except as provided in paragraph (c), all transactions
prohibited by Executive Order (E.O.) 14024 that are ordinarily incident
and necessary to the provision, exportation, or reexportation of goods,
technology, or services to ensure the safety of civil aviation
involving Limited Liability Company Aviakompaniya Pobeda are authorized
through 12:01 a.m. eastern daylight time, July 30, 2024, provided that
the goods, technology, or services that are provided, exported, or
reexported are for use on aircraft operated solely for civil aviation
purposes.
(b) Except as provided in paragraph (c) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to the wind down of any transaction involving Limited
Liability Company Aviakompaniya Pobeda are authorized through 12:01
a.m. eastern daylight time, July 30, 2024, provided that any payment to
Limited Liability Company Aviakompaniya Pobeda must be made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(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
transactions involving any person blocked pursuant to the RuHSR other
than Limited Liability Company Aviakompaniya Pobeda, unless separately
authorized.
Note to General License 95. 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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: May 1, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 96
Authorizing Limited Safety and Environmental Transactions Involving
Certain Blocked Persons or Vessels
(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, July 30, 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, 31 CFR part 587 (RuHSR):
(1) The safe docking and anchoring in port of any vessels in which
any person listed in paragraph (b) of this general license has a
property interest (the ``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 the following blocked persons listed on the Office of
Foreign Assets Control's Specially Designated Nationals and Blocked
Persons List and any entity in which any of the following persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest:
(1) Red Box Energy Services PTE LTD;
(2) CFU Shipping Co Limited;
(3) Transstroy Limited Liability Company
(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 entities 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: May 1, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 97
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on May 1, 2024
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the wind down of any transaction
involving one or more of the following blocked entities are authorized
through 12:01 a.m. eastern daylight time, June 17, 2024, provided that
any payment to a blocked person is made into a blocked account in
accordance with the Russian Harmful Foreign Activities Sanctions
Regulations, 31 CFR part 587 (RuHSR):
(1) LLC Sibcapital;
(2) Yantai Iray Technology Co Ltd; or
[[Page 48840]]
(3) Any entity in which one or more one or more of the above
persons own, directly or indirectly, individually or in the aggregate,
a 50 percent or greater interest.
(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 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.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: May 1, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12312 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on June 10, 2024.
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