[Federal Register Volume 87, Number 133 (Wednesday, July 13, 2022)]
[Rules and Regulations]
[Pages 41589-41590]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-14914]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 589


Publication of Ukraine-/Russia-Related Web General Licenses 2 and 
10

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing two general licenses (GLs) issued in the 
Ukraine-/Russia-Related Sanctions program: GL 2 and GL 10, each of 
which was previously issued on OFAC's website and is now expired.

DATES: GL 2 expired on September 26, 2014, and GL 10 expired on October 
1, 2016. 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 Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: www.treas.gov/ofac.

Background

    On March 6, 2014, the President, invoking the authority of, inter 
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.), issued Executive Order (E.O.) 13660, ``Blocking Property of 
Certain Persons Contributing to the Situation in Ukraine'' (79 FR 
13493, March 10, 2014). In E.O. 13660, the President determined that 
the actions and policies of persons including persons who have asserted 
governmental authority in the Crimean region without the authorization 
of the Government of Ukraine that undermine democratic processes and 
institutions in Ukraine; threaten its peace, security, stability, 
sovereignty, and territorial integrity; and contribute to the 
misappropriation of its assets, constitute an unusual and extraordinary 
threat to the national security and foreign policy of the United 
States, and declared a national emergency to deal with that threat.
    The President subsequently issued E.O. 13661 of March 16, 2014, 
``Blocking Property of Additional Persons Contributing to the Situation 
in Ukraine'' (79 FR 15535 March 19, 2014), and E.O. 13662 of March 20, 
2014, ``Blocking Property of Additional Persons Contributing to the 
Situation in Ukraine'' (79 FR 16169, March 24, 2014), both of which 
expanded the scope of the national emergency declared in E.O. 13660. On 
May 8, 2014, OFAC published the Ukraine Related Sanctions Regulations, 
31 CFR part 589 (which have since been reissued and renamed the 
Ukraine-/Russia-Related Sanctions Regulations), to implement E.O. 
13660, E.O. 13661, and E.O. 13662 (79 FR 26365, May 8, 2014).
    On September 12, 2014, pursuant to authorities delegated from the 
Secretary of the Treasury, the Director of OFAC issued Directive 4 
under E.O. 13662. Directive 4, as originally issued,\1\ prohibited, 
among other things, the provision, exportation, or reexportation, 
directly or indirectly, of goods, services (except for financial 
services), or technology by U.S. persons or within the United States in 
support of exploration or production for deepwater, Arctic offshore, or 
shale projects that have the potential to produce oil in the Russian 
Federation, or in maritime area claimed by the Russian Federation and 
extending from its territory, and that involve any person determined to 
be subject to Directive 4, its property, or its interests in property.
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    \1\ Directive 4, as originally issued, was replaced and 
superseded by an amended version of Directive 4, issued October 31, 
2017.
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    Also on September 12, 2014, OFAC, in consultation with the 
Department of State, issued GL 2, pursuant to E.O. 13662, to authorize, 
through 12:01 a.m. eastern daylight time, September 26, 2014, certain 
activities prohibited by Directive 4 under E.O. 13662 that are 
ordinarily incident and necessary to the wind down of operations, 
contracts, or other agreements involving persons determined to be 
subject to Directive 4 and that were in effect prior to September 12, 
2014.
    On December 19, 2014, the President, in order to take additional 
steps to address the Russian occupation of the Crimea region of 
Ukraine, issued E.O. 13685, ``Blocking Property of Certain Persons and 
Prohibiting Certain Transactions With Respect to the Crimea Region of 
Ukraine'' (79 FR 77357, December 24, 2014), pursuant to the national 
emergency declared in E.O. 13660 and expanded by E.O. 13661 and E.O. 
13662.
    On August 31, 2016, OFAC, in consultation with the Department of 
State, issued GL 10, pursuant to E.O. 13685, to authorize, through 
12:01 a.m.

[[Page 41590]]

eastern daylight time, October 1, 2016, certain transactions and 
activities otherwise prohibited pursuant to E.O. 13685, that are 
ordinarily incident and necessary to divest or transfer holdings in 
PJSC Mostotrest, a person blocked pursuant to E.O. 13685, to a non-U.S. 
person.
    The text of GLs 2 and 10 is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13662 of March 20, 2014

Blocking Property of Additional Persons Contributing to the Situation 
in Ukraine

GENERAL LICENSE NO. 2

Authorizing Certain Activities Prohibited by Directive 4 Under 
Executive Order 13662 Necessary To Wind Down Operations

    (a) Except as provided in paragraph (b) of this general license, 
all activities prohibited by Directive 4 under Executive Order 13662 of 
March 20, 2014, that are ordinarily incident and necessary to the wind 
down of operations, contracts, or other agreements involving persons 
determined to be subject to Directive 4 under Executive Order 13662 and 
that were in effect prior to September 12, 2014, are authorized through 
12:01 a.m. eastern daylight time, September 26, 2014.
    (b) This general license does not authorize any new provision, 
exportation, or reexportation of goods, services (except for financial 
services), or technology except as needed to cease operations involving 
projects covered by Directive 4 under Executive Order 13662. This 
general license does not authorize any transactions or dealings 
otherwise prohibited by any other Directive under Executive Order 13662 
or any part of 31 CFR chapter V.
    (c) U.S. persons participating in transactions authorized by this 
general license are required, within 10 business days after the wind-
down activities conclude, to file a detailed report, including the 
parties involved, the type and scope of activities conducted, and the 
dates of the activities, with the Office of Foreign Assets Control, 
Licensing Division, U.S. Department of the Treasury, 1500 Pennsylvania 
Avenue NW, Annex, Washington, DC 20220.

John E. Smith,
Acting Director, Office of Foreign Assets Control.

    Dated: September 12, 2014.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13685 of December 19, 2014

Blocking Property of Certain Persons and Prohibiting Certain 
Transactions With Respect to the Crimea Region of Ukraine

GENERAL LICENSE NO. 10

Authorizing Certain Transactions Otherwise Prohibited by Executive 
Order 13685

Necessary To Divest or Transfer Holdings in Certain Blocked Entities

    (a) Except as provided in paragraph (c) of this general license, 
all transactions and activities otherwise prohibited pursuant to 
Executive Order (E.O.) 13685 of December 19, 2014 (``Blocking Property 
of Certain Persons and Prohibiting Certain Transactions With Respect to 
the Crimea Region of Ukraine'') that are ordinarily incident and 
necessary to divest or transfer to a non-U.S. person holdings in PJSC 
Mostotrest are authorized through 12:01 a.m. eastern daylight time, 
October 1, 2016.
    (b) The transactions and activities authorized in paragraph (a) 
include facilitating, clearing, and settling transactions to divest or 
transfer to a non-U.S. person holdings in PJSC Mostotrest, including on 
behalf of non-U.S. persons.
    (c) This general license does not authorize:
    (1) U.S. persons to sell holdings to, purchase or invest in 
holdings of, or facilitate non-U.S. person transactions with, any 
entity whose property and interests in property are blocked pursuant to 
E.O. 13685, including PJSC Mostotrest, or to engage in any transactions 
or activities otherwise prohibited by any other Executive order, or any 
part of 31 CFR chapter V; or
    (2) The unblocking of any property blocked pursuant to E.O. 13685, 
any other Executive order, or any part of 31 CFR chapter V, except as 
authorized by paragraph (a).
    (d) U.S. and non-U.S. persons divesting or transferring holdings in 
PJSC Mostotrest authorized by this general license are required, within 
10 business days after the divestment activities conclude, to file a 
detailed report, including the names and addresses of parties involved, 
the type and scope of activities conducted, and the dates on which the 
activities occurred, with the Office of Foreign Assets Control, 
Sanctions Compliance & Evaluation Division, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building, 
Washington, DC 20220, or via email to [email protected].

Andrea Gacki,
Acting Director, Office of Foreign Assets Control.

    Dated: August 31, 2016.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-14914 Filed 7-12-22; 8:45 am]
BILLING CODE 4810-AL-P