[Federal Register Volume 87, Number 173 (Thursday, September 8, 2022)]
[Rules and Regulations]
[Pages 54894-54897]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19311]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 587


Publication of Russian Harmful Foreign Activities Sanctions 
Regulations Web General Licenses 40A, 43A, 47, 48, and 49

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 five general licenses (GLs) issued 
pursuant to the Russian Harmful Foreign Activities Sanctions 
Regulations: GLs 40A, 43A, 47, 48, and 49, each of which was previously 
made available on OFAC's website.

DATES: GLs 40A, 43A, 47, 48, and 49 were issued on August 2, 2022. 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

    OFAC issued GLs 40 and 43 on June 28, 2022. GL 40 contained no 
expiration date but was replaced and superseded by GL 40A on August 2, 
2022. GL 43 had an expiration date of 12:01 a.m. eastern daylight time, 
August 31, 2022, but was replaced and superseded by GL 43A on August 2, 
2022. GL 43A expires at 12:01 a.m. eastern daylight time, August 31, 
2022. On August 2, 2022, OFAC also issued GLs 47, 48, and 49. GL 47 
expires at 12:01 a.m. eastern daylight time, September 1, 2022. GL 48 
contains two expiration dates: (i) 12:01 a.m. eastern daylight time, 
October 3, 2022, for the authorization in paragraphs (a)(1) and (b) of 
GL 48, and (ii) 12:01 a.m. eastern daylight time, October 31, 2022, for 
the authorization in paragraph (a)(2) of GL 48. GL 49 expires at 12:01 
a.m. eastern standard time, January 31, 2023. GLs 40A, 43A, 47, 48, and 
49 each authorize certain transactions otherwise prohibited by the

[[Page 54895]]

Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 
587, and at the time of issuance, each was made available on OFAC's 
website (www.treas.gov/ofac). The text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 40A

Civil Aviation Safety

    (a) Except as provided in paragraph (b), all transactions 
ordinarily incident and necessary to the provision, exportation, or 
reexportation of goods, technology, or services to ensure the safety of 
civil aviation involving one or more of the blocked entities listed in 
the Annex to this general license and that are prohibited by Executive 
Order (E.O.) 14024 are authorized, provided that:
    (1) The aircraft is registered in a jurisdiction solely outside of 
the Russian Federation; and
    (2) The goods, technology, or services that are provided, exported, 
or reexported are for use on aircraft operated solely for civil 
aviation purposes.
    (b) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024, 
Prohibitions Related to Correspondent or Payable-Through Accounts and 
Processing of Transactions Involving Certain Foreign Financial 
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024, 
Prohibitions Related to Transactions Involving the Central Bank of the 
Russian Federation, the National Wealth Fund of the Russian Federation, 
and the Ministry of Finance of the Russian Federation; or
    (3) Any transactions otherwise prohibited by the Russian Harmful 
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), 
including transactions involving any person blocked pursuant to the 
RuHSR other than the blocked entities listed in the Annex to this 
general license, unless separately authorized.
    (c) Effective August 2, 2022, General License No. 40, dated June 
28, 2022, is replaced and superseded in its entirety by this General 
License No. 40A.

    Note to General License 40A.  Nothing in this general license 
relieves any person from compliance with any other Federal laws or 
requirements of other Federal agencies, including export, reexport, 
and transfer (in-country) licensing requirements maintained by the 
Department of Commerce's Bureau of Industry and Security under the 
Export Administration Regulations, 15 CFR parts 730-774.


Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: August 2, 2022.

Annex--Blocked Entities Described in Paragraph (a) of General License 
40A

    List of blocked entities described in paragraph (a) of General 
License 40A:
    (a) Public Joint Stock Company United Aircraft Corporation;
    (b) Irkut Corporation Joint Stock Company;
    (c) Energotsentr Irkut;
    (d) Irkut-Avtotrans;
    (e) Irkut-Remstroi;
    (f) Irkut-Stanko Service;
    (g) Rapart Servisez;
    (h) Sportivno-Ozdorovitelnyi Tsentr Irkut-Zenit;
    (i) Tipografiya Irkut;
    (j) Joint Stock Company Ilyushin Finance Company;
    (k) Open Joint Stock Company Ilyushin Aviation Complex;
    (l) Public Joint Stock Company Taganrog Aviation Scientific-
Technical Complex N.A. G.M. Beriev;
    (m) Joint Stock Company Flight Research Institute N.A. M.M. Gromov;
    (n) Tupolev Public Joint Stock Company;
    (o) Limited Liability Company Kapo-Avtotrans;
    (p) Limited Liability Company Kapo-Zhilbitservis;
    (q) Limited Liability Company Networking Company Irkut;
    (r) Joint Stock Company Government Transport Company; or
    (s) Any entity in which one or more of the above persons own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 43A

Divestment or Transfer of Debt or Equity of, and Wind Down of 
Derivative Contracts Involving, Public Joint Stock Company Severstal or 
Nord Gold PLC

    (a) Except as provided in paragraphs (d) and (e) of this general 
license, all transactions prohibited by Executive Order (E.O.) 14024 
that are ordinarily incident and necessary to the divestment or 
transfer, or facilitation of the divestment or transfer, of debt or 
equity of Public Joint Stock Company Severstal (``Severstal'') or Nord 
Gold PLC (``Nord Gold''), or any entity in which Severstal or Nord Gold 
owns, directly or indirectly, individually or in the aggregate, a 50 
percent or greater interest, purchased prior to June 2, 2022 (``covered 
debt or equity'') to a non-U.S. person are authorized through 12:01 
a.m. eastern daylight time, August 31, 2022.
    (b) Except as provided in paragraph (e) of this general license, 
all transactions prohibited by E.O. 14024 that are ordinarily incident 
and necessary to the wind down of derivative contracts entered into 
prior to June 2, 2022 that (i) include a blocked person described in 
paragraph (a) of this general license as a counterparty or (ii) are 
linked to covered debt or equity are authorized through 12:01 a.m. 
eastern daylight time, August 31, 2022, provided that any payments to a 
blocked person are made into a blocked account in accordance with the 
Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 
587 (RuHSR).
    (c) U.S. financial institutions are authorized to unblock covered 
debt or equity that was blocked on or after June 2, 2022 but before 
June 28, 2022, provided that the unblocked covered debt or equity is 
solely used to effect transactions authorized in paragraphs (a) or (b) 
of this general license.
    Note to paragraph (c). U.S. financial institutions unblocking 
property pursuant to paragraph (c) of this general license are required 
to file an unblocking report pursuant to 31 CFR 501.603.
    (d) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, covered 
debt or equity to, directly or indirectly, any person whose property 
and interests in property are blocked; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, covered debt or 
equity, other than purchases of or investments in covered debt or 
equity that are ordinarily incident and necessary to the divestment or 
transfer of covered debt or equity, as described in paragraph (a) of 
this general license.
    (e) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024, 
Prohibitions Related to Correspondent or Payable-Through Accounts and 
Processing of Transactions Involving Certain Foreign Financial 
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024, 
Prohibitions Related to Transactions Involving the Central Bank of the 
Russian Federation, the National

[[Page 54896]]

Wealth Fund of the Russian Federation, and the Ministry of Finance of 
the Russian Federation; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the persons described in paragraph (a) of this general license, 
unless separately authorized.
    (f) Effective August 2, 2022, General License No. 43, dated June 
28, 2022, is replaced and superseded in its entirety by this General 
License No. 43A.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: August 2, 2022.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 47

Authorizing the Wind Down of Transactions Involving Certain Entities 
Blocked on August 2, 2022

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the wind down of 
any transaction involving one or more of the following blocked persons 
that are prohibited by Executive Order (E.O.) 14024 are authorized 
through 12:01 a.m. eastern daylight time, September 1, 2022, provided 
that any payment to a blocked person must be made into a blocked 
account in accordance with the Russian Harmful Foreign Activities 
Sanctions Regulations, 31 CFR part 587 (RuHSR):
    (1) Skolkovo Foundation;
    (2) Skolkovo Institute of Technology;
    (3) Technopark Skolkovo Limited Liability Company;
    (4) Federal State Institution of Higher Vocational Education Moscow 
Institute of Physics and Technology;
    (5) Publichnoe Aktsionernoe Obschestvo Magnitogorskiy 
Metallurgicheskiy Kombinat;
    (6) Joint Stock Company Government Transport Company; or
    (7) Any entity in which one or more of the above persons own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest.
    (b) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024, 
Prohibitions Related to Correspondent or Payable-Through Accounts and 
Processing of Transactions Involving Certain Foreign Financial 
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024, 
Prohibitions Related to Transactions Involving the Central Bank of the 
Russian Federation, the National Wealth Fund of the Russian Federation, 
and the Ministry of Finance of the Russian Federation; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the blocked persons described in paragraph (a) of this general 
license, unless separately authorized.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: August 2, 2022.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 48

Divestment or Transfer of Debt or Equity of, and Wind Down of 
Derivative Contracts Involving, Certain Entities Blocked on August 2, 
2022

    (a)(1) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions prohibited by Executive Order (E.O.) 14024 
that are ordinarily incident and necessary to the divestment or 
transfer, or facilitation of the divestment or transfer, of debt or 
equity of one or more of the following entities purchased prior to 
August 2, 2022 (``covered debt or equity'') to a non-U.S. person are 
authorized through 12:01 a.m. eastern daylight time, October 3, 2022:
    (i) Publichnoe Aktsionernoe Obschestvo Magnitogorskiy 
Metallurgicheskiy Kombinat;
    (ii) Joint Stock Company Government Transport Company; or
    (iii) Any entity in which one or more of the above entities own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest.
    (2) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions prohibited by E.O. 14024 that are ordinarily 
incident and necessary to facilitating, clearing, and settling trades 
of covered debt or equity are authorized through 12:01 a.m. eastern 
daylight time, October 31, 2022, provided that such trades were placed 
prior to 4:00 p.m. eastern daylight time, August 2, 2022.
    (b) Except as provided in paragraph (d) of this general license, 
all transactions prohibited by E.O. 14024 that are ordinarily incident 
and necessary to the wind down of derivative contracts entered into 
prior to August 2, 2022, that (i) include a blocked person described in 
paragraph (a) of this general license as a counterparty or (ii) are 
linked to covered debt or equity are authorized through 12:01 a.m. 
eastern daylight time, October 3, 2022, provided that any payments to a 
blocked person are made into a blocked account in accordance with the 
Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 
587 (RuHSR).
    (c) Paragraph (a) of this general license does not authorize:
    (1) U.S. persons to sell, or to facilitate the sale of, covered 
debt or equity to, directly or indirectly, any person whose property 
and interests in property are blocked; or
    (2) U.S. persons to purchase or invest in, or to facilitate the 
purchase of or investment in, directly or indirectly, covered debt or 
equity, other than purchases of, or investments in, covered debt or 
equity that are ordinarily incident and necessary to the divestment or 
transfer of covered debt or equity, as described in paragraph (a) of 
this general license.
    (d) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024, 
Prohibitions Related to Correspondent or Payable-Through Accounts and 
Processing of Transactions Involving Certain Foreign Financial 
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024, 
Prohibitions Related to Transactions Involving the Central Bank of the 
Russian Federation, the National Wealth Fund of the Russian Federation, 
and the Ministry of Finance of the Russian Federation; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the persons described in paragraph (a) of this general license, 
unless separately authorized.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: August 2, 2022.

[[Page 54897]]

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 49

Authorizing the Wind Down of Transactions Involving MMK Metalurji 
Sanayi Ticaret Ve Liman Isletmeciligi Anonim Sirketi

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the wind down of 
any transaction involving MMK Metalurji Sanayi Ticaret Ve Liman 
Isletmeciligi Anonim Sirketi (MMK Metalurji), or any entity in which 
MMK Metalurji owns, directly or indirectly, a 50 percent or greater 
interest, that are prohibited by Executive Order (E.O.) 14024 are 
authorized through 12:01 a.m. eastern standard time, January 31, 2023, 
provided that any payment to a blocked person must be made into a 
blocked account in accordance with the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
    (b) This general license does not authorize:
    (1) Any transactions prohibited by Directive 2 under E.O. 14024, 
Prohibitions Related to Correspondent or Payable-Through Accounts and 
Processing of Transactions Involving Certain Foreign Financial 
Institutions;
    (2) Any transactions prohibited by Directive 4 under E.O. 14024, 
Prohibitions Related to Transactions Involving the Central Bank of the 
Russian Federation, the National Wealth Fund of the Russian Federation, 
and the Ministry of Finance of the Russian Federation; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the blocked persons described in paragraph (a) of this general 
license, unless separately authorized.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: August 2, 2022.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-19311 Filed 9-7-22; 8:45 am]
BILLING CODE 4810-AL-P