[Federal Register Volume 88, Number 37 (Friday, February 24, 2023)]
[Rules and Regulations]
[Pages 11814-11815]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-03867]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 582


Publication of Nicaragua Sanctions Regulations Web General 
Licenses 3 and 4

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 Nicaragua Sanctions Regulations: GLs 3 and 4, each of which was 
previously made available on OFAC's website and is now expired.

DATES: GL 3 expired on July 18, 2022. GL 4 expired on November 23, 
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 June 17, 2022 and October 24, 2022, OFAC issued GLs 3 and 4, 
respectively, to authorize certain transactions otherwise prohibited by 
the Nicaragua Sanctions Regulations, 31 CFR part 582. Each GL was made 
available on OFAC's website (www.treas.gov/ofac) when it was issued. 
Each of these GLs is now expired. The text of these GLs is provided 
below.

OFFICE OF FOREIGN ASSETS CONTROL

Nicaragua Sanctions Regulations

31 CFR Part 582

GENERAL LICENSE NO. 3

Authorizing the Wind Down of Transactions Involving Empresa 
Nicaraguense de Minas (ENIMINAS)

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the wind down 
of transactions involving ENIMINAS, or any entity in which ENIMINAS 
owns, directly or indirectly, a 50 percent or greater interest that 
are prohibited by the Nicaragua Sanctions Regulations, 31 CFR part 
582 (the NSR), are authorized through 12:01 a.m. eastern daylight 
time, July 18, 2022, provided that any payment to a blocked person 
must be made into a blocked account in accordance with the NSR.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the NSR, including transactions involving 
any person blocked pursuant to the NSR 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: June 17, 2022.

OFFICE OF FOREIGN ASSETS CONTROL

Nicaragua Sanctions Regulations

31 CFR Part 582

GENERAL LICENSE NO. 4

Authorizing the Wind Down of Transactions Involving the Directorate 
General of Mines of the Nicaraguan Ministry of Energy and Mines

    (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 the Directorate General of Mines (DGM) 
of the Nicaraguan Ministry of Energy and Mines, or any entity in 
which DGM owns, directly or indirectly, a 50 percent or greater 
interest that are prohibited by the Nicaragua Sanctions Regulations, 
31 CFR part 582 (NSR), are authorized through 12:01 a.m. eastern 
standard time, November 23, 2022, provided that any payment to a 
blocked person must be made into a blocked account in accordance 
with the NSR.

[[Page 11815]]

    (b) This general license does not authorize any transactions 
otherwise prohibited by the NSR, including transactions involving 
any person blocked pursuant to the NSR, other than the blocked 
persons described in paragraph (a) of this general license, unless 
separately authorized.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: October 24, 2022.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-03867 Filed 2-23-23; 8:45 am]
BILLING CODE 4810-AL-P