[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