[Federal Register Volume 87, Number 241 (Friday, December 16, 2022)]
[Rules and Regulations]
[Pages 76930-76931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-27226]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 587


Publication of Russian Harmful Foreign Activities Sanctions 
Regulations Web General License 54

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Russian Harmful Foreign Activities Sanctions Regulations: GL 54, 
which was previously made available on OFAC's website.

DATES: GL 54 was issued on November 18, 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 November 18, 2022, OFAC issued GL 54 to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587. At the time of 
issuance, OFAC made GL 54 available on its website (www.treas.gov/ofac). The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 
587

GENERAL LICENSE NO. 54

Authorizing Certain Transactions Involving VEON Ltd. Prohibited by 
Executive Order 14071

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the purchase 
or receipt of any debt or equity securities of VEON Ltd. that are 
prohibited by section 1(a)(i) of Executive Order (E.O.) 14071 are 
authorized, provided that the debt or equity securities were issued 
prior to June 6, 2022.
    Note to paragraph (a). Except as provided in paragraph (b) of 
this general license, all transactions ordinarily incident and 
necessary to facilitating, clearing, and settling of transactions 
authorized by paragraph (a) of this general license that are 
prohibited by section 1(a)(i) of E.O. 14071 are authorized.
    (b) This general license does not authorize 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, 
unless separately authorized.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.


[[Page 76931]]


    Dated: November 18, 2022.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-27226 Filed 12-15-22; 8:45 am]
BILLING CODE 4810-AL-P