[Federal Register Volume 61, Number 234 (Wednesday, December 4, 1996)]
[Rules and Regulations]
[Pages 64289-64290]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-30857]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Chapter V


Blocked Persons, Specially Designated Nationals, Specially 
Designated Terrorists, Specially Designated Narcotics Traffickers, and 
Blocked Vessels; Removal of Specially Designated Nationals of the 
Federal Republic of Yugoslavia (Serbia & Montenegro)

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Amendment of final rule.

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SUMMARY: In light of United Nations Security Council Resolution 1074 of 
October 1, 1996, lifting sanctions on the Government of the Federal 
Republic of Yugoslavia (Serbia & Montenegro), this document removes 
from the list of persons whose assets are blocked the entries for 
individuals and entities that were determined to be acting for or on 
behalf of the Government of the Federal Republic of Yugoslavia (Serbia 
& Montenegro), listed in the appendices to 31 CFR chapter V.

EFFECTIVE DATE: December 4, 1996.

FOR FURTHER INFORMATION: Contact the Office of Foreign Assets Control, 
Department of the Treasury, Washington, D.C. 22201, tel.: 202/622-2520.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document is available as an electronic file on The Federal 
Bulletin Board the day of publication in the Federal Register. By 
modem, dial 202/512-1387 and type ``/GO FAC,'' or call 202/512-1530 for 
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fedbbs.access.gpo.gov. The document is also accessible for downloading 
in ASCII format without charge from Treasury's Electronic Library 
(``TEL'') in the ``Business, Trade and Labor Mall'' of the FedWorld 
bulletin board. By modem, dial 703/321-3339, and select the appropriate 
self-expanding file in TEL. For Internet access, use one of the 
following protocols: Telnet = fedworld.gov (192.239.93.3); World Wide 
Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov 
(192.239.92.205). Additional information concerning the programs of the 
Office of Foreign Assets Control is available for downloading from the 
Office's Internet Home Page:http://www.ustreas.gov/treasury/services/
fac/fac.html, or in fax form through the Office's 24-hour fax-on-demand 
service: call 202/622-0077 using a fax machine, fax modem, or (within 
the United States) a touch-tone telephone.

Background

    Appendices A and B to 31 CFR chapter V contain the names of blocked 
persons, specially designated nationals, specially designated 
terrorists, and specially designated narcotics traffickers designated 
pursuant to the various economic sanctions programs administered by the 
Office of Foreign Assets Control (``OFAC'') (61 FR 32936, June 26, 
1996). In light of United Nations Security Council Resolution 1074 of 
October 1, 1996, lifting sanctions on the Government of the Federal 
Republic of Yugoslavia (Serbia & Montenegro) (the ``FRY (S&M)''), this 
final rule amends appendices A and B to remove the names of individuals 
and entities determined by the Director of OFAC to be specially 
designated nationals (``SDNs'') of the FRY (S&M). Assets blocked in 
which the SDNs had an interest subsequent to their designation and 
before sanctions were suspended on December 27, 1995, are unblocked 
effective December 4, 1996, since these assets were blocked on the 
basis of the SDNs' activities in support of the FRY (S&M) -- activities 
that are no longer prohibited -- and not because the Government of the 
FRY (S&M) or entities located in or controlled from the FRY (S&M) have 
any interest in or control of those assets.
    Since the Regulations involve a foreign affairs function, the 
provisions of Executive Order 12866 and the Administrative Procedure 
Act (5 U.S.C. 553), requiring notice of proposed rulemaking, 
opportunity for public participation, and delay in effective

[[Page 64290]]

date, are inapplicable. Because no notice of proposed rulemaking is 
required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-
612) does not apply.
    For the reasons set forth in the preamble, and under the authority 
of 3 U.S.C. 301; 22 U.S.C. 287c; 49 U.S.C. 40106; 50 U.S.C. 1601-1651; 
50 U.S.C. 1701-1706; E.O. 12808, 57 FR 23299, 3 CFR, 1992 Comp., p. 
305; E.O. 12810, 57 FR 24347, 3 CFR, 1992 Comp., p. 307; E.O. 12831, 58 
FR 5253, 3 CFR, 1993 Comp., p. 576; E.O. 12846, 58 FR 25771, 3 CFR, 
1993 Comp., p. 599; and E.O. 12934, 59 FR 54117, 3 CFR, 1994 Comp., p. 
930, appendices A and B to chapter V of 31 CFR are amended as set forth 
below:
    1. Appendix A to chapter V of 31 CFR is amended by removing the 
following entries that are listed in alphabetical order at the end 
thereof:

    ABRAMOVIC, Miroslava
    ANDJIC, Slobodan
    AVRAMOVIC, Dragoslav
    BIGARENA TRADING LTD. of Moscow
    BIGARENA TRADING LTD. of Limassol
    CHESA, I.
    CICALA, Andrea
    DRAKULIC, Zoran
    EAST POINT HOLDINGS LIMITED
    G. L. LEGIN of Limassol
    G. L. LEGIN of Moscow
    GVOZDENOVIC, Zaga
    ING, Dr.
    INPEA (OVERSEAS) LTD
    INPEA of Moscow
    INPEA of Romania
    IOANNIDES, Pambos
    J&K LTD.
    KOSTIC, Bosko
    MAADI, N.
    MASLAKOVIC, Dusan
    MIHIC, Vukasin
    PAPADOPOULOS, Tassos
    PEROVIC, D.
    PETROMED LTD. of London
    PIECAS, Stanko
    PRELIC, M.
    RIVAMED SHIPPING LTD. of Cyprus
    SARENAC, Slobodan
    SECYCO
    SEKULAREC, Mirko
    STELJIC, Marko
    TASLAW NOMINEES LTD.
    TASLAW SECRETARIAL LTD.
    TASLAW SERVICES LTD.
    TAT TRADING LTD.
    TRAFI HOLDINGS LTD. of Nicosia
    VASIC, Zoran
    VUCIC, Borka
    VUJNOVIC, Milorad
    YU POINT LTD.
    ZECEVIC, Miodrag,

    2. Appendix B to chapter V of 31 CFR is amended by removing the 
following entries under the following headings where they appear:

Cyprus
    BIGARENA TRADING LTD. of Limassol
    DRAKULIC, Zoran
    EAST POINT HOLDINGS LIMITED
    G. L. LEGIN of Limassol
    GVOZDENOVIC, Zaga
    INPEA (OVERSEAS) LTD
    IOANNIDES, PAMBOS
    MASLAKOVIC, Dusan
    PAPADOPOULOS, TASSOS
    RIVAMED SHIPPING LTD. of Cyprus
    SECYCO
    TASLAW NOMINEES LTD.
    TASLAW SECRETARIAL LTD.
    TASLAW SERVICES LTD.
    TAT TRADING LTD.
    TRAFI HOLDINGS LTD. of Nicosia
    VUJNOVIC, Milorad

England
    J&K LTD.
    KOSTIC, Bosko
    PETROMED LTD. of London

Federal Republic of Yugoslavia (Serbia & Montenegro) (the ``FRY 
(S&M)'')
    ANDJIC, Slobodan
    AVRAMOVIC, Dragoslav
    MIHIC, Vukasin
    SARENAC, Slobodan
    STELJIC, Marko
    VASIC, Zoran
    VUCIC, Borka

France
    ZECEVIC, Miodrag

Iran
    MAADI, N.
    PIECAS, Stanko

Italy
    CICALA, Andrea
    SEKULAREC, Mirko

Romania
    CHESA, I.
    ING, Dr.
    INPEA of Romania

Russia
    BIGARENA TRADING LTD. of Moscow
    G. L. LEGIN of Moscow
    INPEA of Moscow
    PEROVIC, D.

Ukraine
    PRELIC, M.

Multiple or Unknown Locations
    ABRAMOVIC, Miroslava

    Dated: November 14, 1996.
R. Richard Newcomb,
Director, Office of Foreign Assets Control.
    Approved: November 26, 1996.
James E. Johnson,
Assistant Secretary (Enforcement).
[FR Doc. 96-30857 Filed 11-29-96; 12:10 pm]
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