[Federal Register Volume 87, Number 178 (Thursday, September 15, 2022)]
[Rules and Regulations]
[Page 56590]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20030]


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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 Determination

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a determination.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing a products determination issued pursuant 
to a March 11, 2022 Executive order. The determination was previously 
issued on OFAC's website.

DATES: The determination pursuant to section 1(a)(i) of Executive Order 
14068 was issued on June 24, 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

    On March 11, 2022, 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.) 14068 (87 FR 14381, March 15, 
2022). Among other prohibitions, section 1(a)(i) of E.O. 14068 
prohibits the importation into the United States of the following 
products of Russian Federation origin: fish, seafood, and preparations 
thereof; alcoholic beverages; non-industrial diamonds; and any other 
products of Russian Federation origin as may be determined by the 
Secretary of the Treasury, in consultation with the Secretary of State 
and the Secretary of Commerce.
    On June 24, 2022, pursuant to delegated authority, the Director of 
OFAC, in consultation with the Department of State and the Department 
of Commerce, determined that the prohibitions in section 1(a)(i) of 
E.O. 14068 shall apply to gold of Russian Federation origin. The 
determination took effect upon publication on OFAC's website 
(www.treas.gov/ofac) on June 28, 2022. The text of the determination is 
below.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(i) of Executive Order 14068

Prohibitions Related to Imports of Gold of Russian Federation Origin

    Pursuant to sections 1(a)(i), 1(b), and 5 of Executive Order (E.O.) 
14068 of March 11, 2022 (``Prohibiting Certain Imports, Exports, and 
New Investment With Respect to Continued Russian Federation 
Aggression'') and 31 CFR 587.802, the Director of the Office of Foreign 
Assets Control, in consultation with the Department of State and the 
Department of Commerce, hereby determines that the prohibitions in 
section 1(a)(i) of E.O. 14068 shall apply to gold of Russian Federation 
origin. As a result, the importation into the United States of gold of 
Russian Federation origin is prohibited, except to the extent provided 
by law, or unless licensed or otherwise authorized by the Office of 
Foreign Assets Control.
    This determination excludes gold of Russian Federation origin that 
was located outside of the Russian Federation prior to the effective 
date of this determination.
    This determination shall take effect upon publication by the 
Director of the Office of Foreign Assets Control on the Department of 
the Treasury's website.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-20030 Filed 9-14-22; 8:45 am]
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