[Federal Register Volume 69, Number 117 (Friday, June 18, 2004)]
[Presidential Documents]
[Pages 34047-34048]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-13980]


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  Federal Register / Vol. 69, No. 117 / Friday, June 18, 2004 / 
Presidential Documents  

[[Page 34047]]


                Notice of June 16, 2004

                
Continuation of the National Emergency With 
                Respect to the Risk of Nuclear Proliferation Created by 
                the Accumulation of Weapons-Usable Fissile Material in 
                the Territory of the Russian Federation

                On June 21, 2000, the President issued Executive Order 
                13159 (the ``Order'') blocking property and interests 
                in property of the Government of the Russian Federation 
                that are in the United States, that hereafter come 
                within the United States, or that are or hereinafter 
                come within the possession or control of United States 
                persons that are directly related to the implementation 
                of the Agreement Between the Government of the United 
                States of America and the Government of the Russian 
                Federation Concerning the Disposition of Highly 
                Enriched Uranium Extracted from Nuclear Weapons, dated 
                February 18, 1993, and related contracts and agreements 
                (collectively, the ``HEU Agreements''). The HEU 
                Agreements allow for the downblending of highly 
                enriched uranium derived from nuclear weapons to low 
                enriched uranium for peaceful commercial purposes. The 
                Order invoked the authority, inter alia, of the 
                International Emergency Economic Powers Act, 50 U.S.C. 
                1701 et seq., and declared a national emergency to deal 
                with the unusual and extraordinary threat to the 
                national security and foreign policy of the United 
                States posed by the risk of nuclear proliferation 
                created by the accumulation of a large volume of 
                weapons-usable fissile material in the territory of the 
                Russian Federation.

                A major national security goal of the United States is 
                to ensure that fissile material removed from Russian 
                nuclear weapons pursuant to various arms control and 
                disarmament agreements is dedicated to peaceful uses 
                (such as downblending to low enriched uranium for 
                peaceful commercial uses), subject to transparency 
                measures, and protected from diversion to activities of 
                proliferation concern. Pursuant to the HEU Agreements, 
                weapons-grade uranium extracted from Russian nuclear 
                weapons is converted to low enriched uranium for use as 
                fuel in commercial nuclear reactors. The Order blocks 
                and protects from attachment, judgment, decree, lien, 
                execution, garnishment, or other judicial process the 
                property and interests in property of the Government of 
                the Russian Federation that are directly related to the 
                implementation of the HEU Agreements and that are in 
                the United States, that hereafter come within the 
                United States, or that are or hereafter come within the 
                possession or control of United States persons.

                The national emergency declared on June 21, 2000, must 
                continue beyond June 21, 2004, to provide continued 
                protection from attachment, judgment, decree, lien, 
                execution, garnishment, or other judicial process for 
                the property and interests in property of the 
                Government of the Russian Federation that are directly 
                related to the implementation of the HEU Agreements and 
                subject to U.S. jurisdiction. Therefore, 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 with respect to weapons-usable 
                fissile material

[[Page 34048]]

                in the territory of the Russian Federation. This notice 
                shall be published in the Federal Register and 
                transmitted to the Congress.

                    (Presidential Sig.)B

                THE WHITE HOUSE,

                    June 16, 2004.

[FR Doc. 04-13980
Filed 6-17-04; 8:45 am]
Billing code 3195-01-P