[Federal Register Volume 87, Number 248 (Wednesday, December 28, 2022)]
[Rules and Regulations]
[Pages 79803-79804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-28240]


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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 8D and 40C

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 pursuant 
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 8D 
and 40C, which were previously made available on OFAC's website.

DATES: GL 8D was issued on November 10, 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 10, 2022, OFAC issued GL 8D to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). On November 
14, 2022, OFAC issued GL 40C to authorize certain transactions 
otherwise prohibited by the RuHSR. At the time of issuance, OFAC made 
GLs 8D and 40C available on its 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. 8D

Authorizing Transactions Related to Energy

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 
involving one or more of the following entities that are related to 
energy are authorized, through 12:01 a.m. eastern daylight time, May 
15, 2023.
    (1) State Corporation Bank for Development and Foreign Economic 
Affairs Vnesheconombank;
    (2) Public Joint Stock Company Bank Financial Corporation 
Otkritie;
    (3) Sovcombank Open Joint Stock Company;
    (4) Public Joint Stock Company Sberbank of Russia;
    (5) VTB Bank Public Joint Stock Company;
    (6) Joint Stock Company Alfa-Bank;
    (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; or
    (8) the Central Bank of the Russian Federation.
    (b) For the purposes of this general license, the term ``related 
to energy'' means the extraction, production, refinement, 
liquefaction, gasification, regasification, conversion, enrichment, 
fabrication, transport, or purchase of petroleum, including crude 
oil, lease condensates, unfinished oils, natural gas liquids, 
petroleum products, natural gas, or other products capable of 
producing energy, such as coal, wood, or agricultural products used 
to manufacture biofuels, or uranium in any form, as well as the 
development, production, generation, transmission, or exchange of 
power, through any means, including nuclear, thermal, and renewable 
energy sources.
    (c) This general license does not authorize:

[[Page 79804]]

    (1) Any transactions prohibited by Directive 1A under E.O. 
14024, Prohibitions Related to Certain Sovereign Debt of the Russian 
Federation;
    (2) The opening or maintaining of a correspondent account or 
payable-through account for or on behalf of any entity subject to 
Directive 2 under E.O. 14024, Prohibitions Related to Correspondent 
or Payable-Through Accounts and Processing of Transactions Involving 
Certain Foreign Financial Institutions;
    (3) Any debit to an account on the books of a U.S. financial 
institution of the Central Bank of the Russian Federation; or
    (4) 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 persons described in paragraph (a) of 
this general license, unless separately authorized.
    (d) Effective November 10, 2022, General License No. 8C, dated 
June 14, 2022, is replaced and superseded in its entirety by this 
General License No. 8D.
    Note to General License No. 8D. This authorization is valid 
until May 15, 2023 unless renewed.

Bradley T. Smith
Deputy Director, Office of Foreign Assets Control.

    Dated: November 10, 2022.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations; 31 CFR Part 
587

GENERAL LICENSE NO. 40C

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 November 14, 2022, General License No. 40B, dated 
August 3, 2022, is replaced and superseded in its entirety by this 
General License No. 40C.
    Note to General License 40C. 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.

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

    Dated: November 14, 2022.

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

    List of blocked entities described in paragraph (a) of General 
License 40C:
    (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 State Transportation Leasing Company;
    (s) Emperor Aviation LTD; or
    (t) 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.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-28240 Filed 12-27-22; 8:45 am]
BILLING CODE 4810-AL-P