Rule2024-17804
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 6D, 8J, 25D, 98, 99, and 100
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
August 14, 2024
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing six general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 6D, 8J, 25D, 98, 99, and 100, each of which were previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 89 Issue 157 (Wednesday, August 14, 2024)</title>
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[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Rules and Regulations]
[Pages 65994-65996]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-17804]
[[Page 65994]]
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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 6D, 8J, 25D, 98, 99, and 100
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 six general licenses (GLs) issued pursuant
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs
6D, 8J, 25D, 98, 99, and 100, each of which were previously made
available on OFAC's website.
DATES: GLs 6D, 8J, 25D, 98, 99, and 100 were issued on June 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 June 12, 2024, OFAC issued GLs 6D, 8J, 25D, 98, 99, and 100 to
authorize certain transactions otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. GL
8J has an expiration date of November 1, 2024; GL 98 has an expiration
date of July 27, 2024; and GLs 99 and 100 have an expiration date of
August 13, 2024. GLs 6D, 8J and 25D superseded GLs 6C, 8I, and 25C,
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. 6D
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 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,'' or the
determination of June 12, 2024, made pursuant to section 1(a)(ii) of
E.O. 14071, ``Prohibition on Certain Information Technology and
Software Services.''
(d) Effective June 12, 2024, General License No. 6C, dated
January 17, 2023, is replaced and superseded in its entirety by this
General License No. 6D.
Note 1 to General License No. 6D. 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. 6D. Nothing in this general
license relieves any person from compliance with any other Federal
laws or requirements of other Federal agencies.
Bradley T. Smith,
Director, Office of Foreign Assets Control
Dated: June 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR part
587
GENERAL LICENSE NO. 8J
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) National Clearing Center (NCC);
(11) 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
(12) 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
[[Page 65995]]
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 June 12, 2024, General License No. 8I, dated April
29, 2024, is replaced and superseded in its entirety by this General
License No. 8J.
Note to General License No. 8J. This authorization is valid
until November 1, 2024, unless renewed.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: June 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 25D
Authorizing Transactions Related to Telecommunications and Certain
internet-Based Communications
(a) Except as provided in paragraph (d) of this general license,
all transactions ordinarily incident and necessary to the receipt or
transmission of telecommunications involving the Russian Federation
that are prohibited by the Russian Harmful Foreign Activities
Sanctions Regulations, 31 CFR part 587 (RuHSR), are authorized.
(b) Except as provided in paragraph (d) of this general license,
the exportation or reexportation, sale, or supply, directly or
indirectly, from the United States or by U.S. persons, wherever
located, to the Russian Federation of services incident to the
exchange of communications over the internet, such as instant
messaging, chat and email, social networking, sharing of photos and
movies, web browsing, blogging, social media platforms,
collaboration platforms, video conferencing, e-gaming, e-learning
platforms, automated translation, web maps, user authentication
services, web hosting, and domain name registration services, that
is prohibited by the RuHSR, is authorized.
(c) Except as provided in paragraph (d) of this general license,
the exportation or reexportation, sale, or supply, directly or
indirectly, from the United States or by U.S. persons, to the
Russian Federation of software, hardware, or technology incident to
the exchange of communications over the internet is authorized,
provided that:
(i) If the software, hardware, or technology is subject to the
Export Administration Regulations, 15 CFR parts 730 through 774
(EAR), the exportation, reexportation, sale, or supply to the
Russian Federation of such software, hardware, or technology is
licensed or otherwise authorized by the Department of Commerce
pursuant to the EAR; and
(ii) If the software, hardware, or technology is not subject to
the EAR, the exportation, reexportation, sale, or supply to the
Russian Federation of such software, hardware, or technology would
be eligible for a license exception or otherwise authorized by the
Department of Commerce if it were subject to the EAR.
(d) 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;
(3) Any transactions prohibited by E.O. 14066 or E.O. 14068; or
(4) Any transactions involving Joint Stock Company Channel One
Russia, Joint Stock Company NTV Broadcasting Company, Television
Station Russia-1, Limited Liability Company Algoritm, New Eastern
Outlook, Oriental Review, or Garantex Europe OU, unless separately
authorized.
(e) Effective June 12, 2024, General License No. 25C, dated July
14, 2022, is replaced and superseded in its entirety by this General
License No. 25D.
Note to General License No. 25D. 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
EAR.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: June 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 98
Authorizing the Wind Down of Transactions Involving Certain Entities
Blocked on June 12, 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, July 27,
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) Aviatech FZC
(2) Beijing Deepcool Industries Co., Ltd.
(3) Guangdong Pratic CNC Technology Co., Ltd.
(4) Joint Stock Company Uralredmet
(5) Joint Stock Company Goznak
(6) Limited Liability Company Elga Stroy Mining Services
(7) Limited Liability Company Elgaugol
(8) Limited Liability Company Management Company Elga
(9) Limited Liability Company Koulstar
(10) Max Jet Service Limited Liability Company
(11) Mile Hao Xiang Technology Co., Ltd.
(12) Platin Group Machine Manufacturing International Company
Limited
(13) Public Joint Stock Company Seligdar
(14) Shandong Oree Laser Technology Co., Ltd.
(15) Wuhan Tianyu Information Industry Co., Ltd; or
(16) 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: June 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 99
Authorizing the Wind Down of Transactions and Certain Transactions
Related to Debt or Equity of, or Derivative Contracts Involving, MOEX,
NCC, or NSD
(a) Except as provided in paragraph (f) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to
[[Page 65996]]
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, August 13, 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) Moscow Exchange (MOEX);
(2) National Clearing Center (NCC);
(3) Non-Bank Credit Institution Joint Stock Company National
Settlement Depository (NSD); and
(4) 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.
(b) Except as provided in paragraphs (e) and (f) of this general
license, all transactions prohibited by E.O. 14024 that are
ordinarily incident and necessary to the divestment or transfer, or
the facilitation of the divestment or transfer, of debt or equity
issued or guaranteed by any of the blocked entities identified in
paragraph (a) (``Covered Debt or Equity'') to a non-U.S. person are
authorized through 12:01 a.m. eastern daylight time, August 13,
2024, 2024:
(c) Except as provided in paragraph (f) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily
incident and necessary to facilitating, clearing, and settling
trades of Covered Debt or Equity that were placed prior to 4:00 p.m.
eastern daylight time, June 12, 2024 are authorized through 12:01
a.m. eastern daylight time, August 13, 2024, 2024.
(d) Except as provided in paragraph (f) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily
incident and necessary to the wind down of derivative contracts
entered into prior to 4:00 p.m. eastern daylight time June 12, 2024
that (i) include a blocked person described in paragraph (a) of this
general license as a counterparty or (ii) are linked to Covered Debt
or Equity are authorized through 12:01 a.m. eastern daylight time
August 13, 2024, provided that any payments to a blocked person are
made into a blocked account in accordance with the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(e) Paragraph (b) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, Covered
Debt or Equity to, directly or indirectly, any person whose property
and interests in property are blocked; or
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, Covered Debt
or Equity, other than purchases of or investments in Covered Debt or
Equity ordinarily incident and necessary to the divestment or
transfer of Covered Debt or Equity as described in paragraph (b) of
this general license.
(f) 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: June 12, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 100
Authorizing Certain Transactions Related to Debt or Equity or the
Conversion of Currencies Involving MOEX, NCC, or NSD
(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 the divestment of debt or
equity to a non-U.S. person, who is not a person whose property or
interests in property are blocked, or the conversion of currencies,
involving one or more of the following blocked entities that is
acting solely as a securities, trade, or settlement depository,
central counterparty or clearing house, or public trading market,
are authorized through 12:01 eastern daylight time August 13, 2024:
(1) Moscow Exchange (MOEX);
(2) National Clearing Center (NCC);
(3) Non-Bank Credit Institution Joint Stock Company National
Settlement Depository (NSD); and
(4) 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.
(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 the blocked persons described in paragraph (a) of
this general license, unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: June 12, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-17804 Filed 8-13-24; 8:45 am]
BILLING CODE 4810-AL-P
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