[Federal Register Volume 66, Number 102 (Friday, May 25, 2001)]
[Presidential Documents]
[Pages 29007-29008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13508]



[[Page 29005]]

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Part III





The President





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Notice of May 24, 2001--Continuation of Emergency With Respect to the 
Federal Republic of Yugoslavia (Serbia and Montenegro) the Bosnian 
Serbs, and Kosovo
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                         Presidential Documents 
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  Federal Register / Vol. 66, No. 102 / Friday, May 25, 2001 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 29007]]

                Notice of May 24, 2001

                
Continuation of Emergency With Respect to the 
                Federal Republic of Yugoslavia (Serbia and Montenegro) 
                the Bosnian Serbs, and Kosovo

                In accordance with section 202(d) of the National 
                Emergencies Act (50 U.S.C. 1622(d)), I am continuing 
                for 1 year the national emergency declared on May 30, 
                1992, with respect to the Federal Republic of 
                Yugoslavia (Serbia and Montenegro) (the ``FRY (S&M)''), 
                as expanded on October 25, 1994, in response to the 
                actions and policies of the Bosnian Serbs. In addition, 
                I am continuing for 1 year the national emergency 
                declared on June 9, 1998, with respect to the FRY 
                (S&M)'s policies and actions in Kosovo. This notice 
                shall be published in the Federal Register and 
                transmitted to the Congress.

                On May 30, 1992, by Executive Order 12808, President 
                Bush declared a national emergency to deal with the 
                unusual and extraordinary threat to the national 
                security, foreign policy, and economy of the United 
                States constituted by the actions and policies of the 
                Governments of Serbia and Montenegro, blocking all 
                property and interests in property of those 
                Governments. President Bush took additional measures to 
                prohibit trade and other transactions with the FRY 
                (S&M) by Executive Orders 12810 and 12831, issued on 
                June 5, 1992, and January 15, 1993, respectively, and 
                on April 25, 1993, President Clinton issued Executive 
                Order 12846 imposing additional measures.

                On October 25, 1994, President Clinton expanded the 
                scope of the national emergency by issuing Executive 
                Order 12934 to address the unusual and extraordinary 
                threat to the national security, foreign policy, and 
                economy of the United States posed by the actions and 
                policies of the Bosnian Serb forces and the authorities 
                in the territory that they controlled within Bosnia and 
                Herzegovina.

                On December 27, 1995, President Clinton issued 
                Presidential Determination 96-7, directing the 
                Secretary of the Treasury, inter alia, to suspend the 
                application of sanctions imposed on the FRY (S&M) 
                pursuant to the above-referenced Executive Orders and 
                to continue to block property previously blocked until 
                provision is made to address claims or encumbrances, 
                including the claims of the other successor states of 
                the former Yugoslavia. This sanctions relief, in 
                conformity with United Nations Security Council 
                Resolution 1022 of November 22, 1995 (hereinafter the 
                ``Resolution''), was an essential factor motivating the 
                FRY (S&M)'s acceptance of the General Framework 
                Agreement for Peace in Bosnia and Herzegovina initialed 
                by the parties in Dayton on November 21, 1995, and 
                signed in Paris on December 14, 1995 (hereinafter the 
                ``Peace Agreement''). The sanctions imposed on the FRY 
                (S&M) were accordingly suspended prospectively, 
                effective January 16, 1996. Sanctions imposed on the 
                Bosnian Serb forces and authorities and on the 
                territory that they controlled within Bosnia and 
                Herzegovina were subsequently suspended prospectively, 
                effective May 10, 1996, also in conformity with the 
                Peace Agreement and the Resolution. Sanctions against 
                both the FRY (S&M) and the Bosnian Serbs were 
                subsequently terminated by United Nations Security 
                Council Resolution 1074 of October 1, 1996. This 
                termination, however, did not end the requirement of 
                the Resolution that those blocked funds and assets that 
                are subject to claims and encumbrances remain blocked, 
                until unblocked in accordance with applicable law.

[[Page 29008]]

                Until the status of all remaining blocked property is 
                resolved, the Peace Agreement implemented, and the 
                terms of the Resolution met, the national emergency 
                declared on May 30, 1992, as expanded in scope on 
                October 25, 1994, and the measures adopted pursuant 
                thereto to deal with that emergency, must continue 
                beyond May 30, 2001.

                On June 9, 1998, by Executive Order 13088, President 
                Clinton found that the actions and policies of the FRY 
                (S&M) and the Republic of Serbia with respect to 
                Kosovo, by promoting ethnic conflict and human 
                suffering, threatened to destabilize countries in the 
                region and to disrupt progress in Bosnia and 
                Herzegovina in implementing the Peace Agreement, 
                constituted an unusual and extraordinary threat to the 
                national security and foreign policy of the United 
                States. President Clinton therefore declared a national 
                emergency to deal with that threat. On April 30, 1999, 
                President Clinton issued Executive Order 13121 to take 
                additional steps with respect to the continuing human 
                rights and humanitarian crisis in Kosovo and the 
                national emergency declared with respect to Kosovo.

                On January 17, 2001, President Clinton issued Executive 
                Order 13192 in view of the peaceful democratic 
                transition begun in the FRY (S&M); the continuing need 
                to promote full implementation of United Nations 
                Security Council Resolution 827 of May 25, 1993, and 
                subsequent resolutions calling for all states to 
                cooperate fully with the International Criminal 
                Tribunal for the former Yugoslavia (ICTY); the 
                illegitimate control over FRY (S&M) political 
                institutions and economic resources or enterprises 
                exercised by former President Slobodan Milosevic, his 
                close associates and other persons, and those 
                individuals' capacity to repress democracy or 
                perpetrate or promote further human rights abuses; and 
                the continuing threat to regional stability and 
                implementation of the Peace Agreement. Executive Order 
                13192 amends Executive Order 13088 to lift and modify, 
                with respect to future transactions, most of the 
                economic sanctions imposed against the FRY (S&M). At 
                the same time, Executive Order 13192 imposes 
                restrictions on transactions with certain persons 
                described in section 1(a) of the order, namely Slobodan 
                Milosevic, his close associates and supporters and 
                persons under open indictment for war crimes by the 
                ICTY. The Executive Order also provides for the 
                continued blocking of property or interests in property 
                blocked prior to the order's effective date due to the 
                need to address claims or encumbrances involving such 
                property.

                Because the crisis with respect to the situation in 
                Kosovo and with respect to Slobodan Milosevic, his 
                close associates and supporters and persons under open 
                indictment for war crimes by ICTY has not been 
                resolved, and because the status of all previously 
                blocked property has yet to be resolved, I have 
                determined that the national emergency declared on June 
                9, 1998, and the measures adopted pursuant thereto to 
                deal with that emergency, must continue beyond June 9, 
                2001.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                     May 24, 2001.

[FR Doc. 01-13508
Filed 05-24-01; 12:18 pm]
Billing code 3195-01-P