[Federal Register Volume 67, Number 103 (Wednesday, May 29, 2002)]
[Presidential Documents]
[Pages 37661-37662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13681]



[[Page 37659]]

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Part X





The President





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Notice of May 27, 2002--Continuation of Emergency With Respect to the 
Federal Republic of Yugoslavia (Serbia and Montenegro)
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  Federal Register / Vol. 67, No. 103 / Wednesday, May 29, 2002 / 
Presidential Documents  

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 Title 3--
 The President

[[Page 37661]]

                Notice of May 27, 2002

                
Continuation of Emergency With Respect to the 
                Federal Republic of Yugoslavia (Serbia and Montenegro)

                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. Under this 
                emergency, President Bush first blocked all property 
                and interests in property of the Governments of the FRY 
                (S&M), Serbia, and Montenegro and subsequently 
                prohibited trade and other transactions with the FRY 
                (S&M).

                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, was an essential 
                factor motivating the FRY (S&M)'s acceptance of a peace 
                agreement initialed by the parties in Dayton on 
                November 21, 1995, and signed in Paris on December 14, 
                1995 (hereinafter the ``Peace Agreement''). Sanctions 
                against both the FRY (S&M) and the Bosnian Serb forces 
                were terminated in conjunction with United Nations 
                Security Council Resolution 1074 of October 1, 1996. 
                This termination, however, did not end a requirement 
                that those blocked funds and assets that are subject to 
                claims or encumbrances remain blocked, until unblocked 
                in accordance with applicable law.

                Until the status of all remaining blocked property is 
                resolved, the Peace Agreement implemented, and the 
                terms of the United Nations Security Council Resolution 
                1022 met, the national emergency declared on May 30, 
                1992, and the measures adopted pursuant thereto to deal 
                with that emergency, must continue beyond May 30, 2002.

                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, constituted an unusual and extraordinary threat

[[Page 37662]]

                to the national security and foreign policy of the 
                United States. President Clinton therefore declared a 
                national emergency to deal with that threat.

                On January 17, 2001, President Clinton issued Executive 
                Order 13192 amending 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 persons 
                under open indictment for war crimes by the 
                International Criminal Tribunal for the Former 
                Yugoslavia (ICTY). It 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 the 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, 
                2002.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                     May 27, 2002.

[FR Doc. 02-13681
Filed 5-28-02; 11:44 am]
Billing code 3195-01-P