Rule2024-26425
Publication of Belarus Sanctions Regulations Web General License 10
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
November 14, 2024
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Belarus Sanctions Regulations: GL 10, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 89 Issue 220 (Thursday, November 14, 2024)</title>
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[Federal Register Volume 89, Number 220 (Thursday, November 14, 2024)]
[Rules and Regulations]
[Page 89926]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-26425]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 548
Publication of Belarus Sanctions Regulations Web General License
10
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Belarus Sanctions Regulations: GL 10, which was previously made
available on OFAC's website.
DATES: GL 10 was issued on December 5, 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 Compliance, 202-622-2490 or
<a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
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 December 5, 2023, OFAC issued GL 10 to authorize certain
transactions otherwise prohibited by the Belarus Sanctions Regulations,
31 CFR part 548. GL 10 was made available on OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it was issued. GL 10 is now expired. The text
of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Belarus Sanctions Regulations
31 CFR Part 548
GENERAL LICENSE NO. 10
Authorizing the Wind Down of Transactions Involving Tabak Invest LLC
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Belarus Sanctions Regulations, 31
CFR part 548 (BSR), that are ordinarily incident and necessary to the
wind down of any transaction involving Tabak Invest LLC (``Tabak
Invest''), or any entity in which Tabak Invest owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
12:01 a.m. eastern standard time, February 2, 2024, provided that any
payment to a blocked person is made into a blocked account at a U.S.
financial institution in accordance with the BSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the BSR, including transactions involving any
person blocked pursuant to the BSR other than the blocked persons
described in paragraph (a), unless separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: December 5, 2023.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-26425 Filed 11-13-24; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on November 14, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.