[Federal Register Volume 88, Number 80 (Wednesday, April 26, 2023)]
[Rules and Regulations]
[Pages 25279-25281]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08860]


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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 62, 63, 64, and 65

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 four general licenses (GLs) issued 
pursuant to the Russian Harmful Foreign Activities Sanctions 
Regulations: GLs 62, 63, 64, and 65, each of which was previously made 
available on OFAC's website.

DATES: GL 62, GL 63, GL 64, and GL 65 were issued on April 12, 2023. 
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 April 12, 2023, OFAC issued GLs 62, 63, 64, and 65 to authorize 
certain transactions otherwise prohibited by the Russian Harmful 
Foreign Activities Sanctions Regulations, 31 CFR part 587. GLs 62 and 
63 have an expiration date of July 11, 2023. Each GL was made available 
on OFAC's website (www.treas.gov/ofac) at the time of publication. The 
text of these GLs is provided below.
    Also on April 12, 2023, OFAC revoked GL 15, which was issued on 
March 3, 2022 (87 FR 55279).

[[Page 25280]]

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 62

Authorizing the Wind Down of Transactions Involving Holdingovaya 
Kompaniya Metalloinvest AO, Megafon PAO, Limited Liability Company USM 
Telecom, or Akkermann Cement Ca Limited Liability Company

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 that are 
ordinarily incident and necessary to the wind down of any transaction 
involving Holdingovaya Kompaniya Metalloinvest AO (Metalloinvest), 
Megafon PAO (Megafon), Limited Liability Company USM Telecom (USM 
Telecom), Akkermann Cement Ca Limited Liability Company (Akkermann), or 
any entity in which Metalloinvest, Megafon, USM Telecom, or Akkermann 
owns, directly or indirectly, individually or in the aggregate, a 50 
percent or greater interest, are authorized through 12:01 a.m. eastern 
daylight time, July 11, 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.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: April 12, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 63

Authorizing Transactions Related to Debt or Equity of, or Derivative 
Contracts Involving, Holdingovaya Kompaniya Metalloinvest AO

    (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 the facilitation of the divestment or transfer, of debt or 
equity of Holdingovaya Kompaniya Metalloinvest AO (Metalloinvest), or 
any entity in which Metalloinvest owns, directly or indirectly, a 50 
percent or greater interest purchased prior to April 12, 2023 
(``covered debt or equity''), to a non-U.S. person are authorized 
through 12:01 a.m. eastern daylight time, July 11, 2023.
    (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 facilitating, clearing, and settling trades of covered 
debt or equity that were placed prior to 4:00 p.m. eastern daylight 
time, April 12, 2023 are authorized through 12:01 a.m. eastern daylight 
time, July 11, 2023.
    (c) 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 4:00 p.m. eastern daylight time, April 12, 2023 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, July 11, 2023, 
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).
    (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 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 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.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: April 12, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 64

Authorizing Certain Transactions Involving Kommersant

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 involving 
Joint-Stock Company Kommersant, or any entity in which Joint-Stock 
Company Kommersant owns, directly or indirectly, a 50 percent or 
greater interest, that are ordinarily incident and necessary to the 
operations of the newspaper Kommersant are authorized.
    (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

[[Page 25281]]

    (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 persons described in paragraph (a) of this 
general license, unless separately authorized.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: April 12, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 65

Authorizing Transactions Related to Telecommunications and Certain 
Internet-Based Communications Involving Megafon PAO or Digital Invest 
Limited Liability Company

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by the Russian Harmful Foreign Activities 
Sanctions Regulations, 31 CFR part 587 (RuHSR) that are ordinarily 
incident and necessary to the receipt or transmission of 
telecommunications involving Megafon PAO (Megafon) or Digital Invest 
Limited Liability Company (Digital Invest), or any entity in which 
Megafon or Digital Invest owns, directly or indirectly, individually or 
in the aggregate, a 50 percent or greater interest (collectively, 
``Covered Entities''), and involving Tajikistan or Uzbekistan, are 
authorized.
    (b) Except as provided in paragraph (c) of this general license, 
the exportation or reexportation, sale, or supply, directly or 
indirectly, from the United States or by U.S. persons, wherever 
located, to the Covered Entities of services, software, hardware, or 
technology incident to the exchange of communications over the 
internet, such as instant messaging, videoconferencing, chat and email, 
social networking, sharing of photos, movies, and documents, web 
browsing, blogging, web hosting, and domain name registration services, 
that is prohibited by the RuHSR, is authorized.
    (c) This general license does not authorize:
    (1) The opening or maintaining of a correspondent account or 
payable-through account for or on behalf of any entity subject to 
Directive 2 under Executive Order (E.O.) 14024, Prohibitions Related to 
Correspondent or Payable-Through Accounts and Processing of 
Transactions Involving Certain Foreign Financial Institutions;
    (2) Any debit to an account on the books of a U.S. financial 
institution of the Central Bank of the Russian Federation, the National 
Wealth Fund of the Russian Federation, or the Ministry of Finance of 
the Russian Federation;
    (3) Any transactions prohibited by E.O. 14066 or E.O. 14068; or
    (4) 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.

    Note to General License No. 65.  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.


    Dated: April 12, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-08860 Filed 4-25-23; 8:45 am]
BILLING CODE 4810-AL-P