[Federal Register Volume 88, Number 107 (Monday, June 5, 2023)]
[Rules and Regulations]
[Pages 36475-36476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-11979]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 13E, 66, 67, and 68
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
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 13E, 66, 67, and 68, each of which were previously
made available on OFAC's website.
DATES: GLs 13E, 66, 67, and 68 were issued on May 19, 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 Compliance, 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 May 19, 2023, OFAC issued GLs 13E, 66, 67, and 68 to authorize
certain transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587. GLs 13E, 66,
and 67 have an expiration date of August 17, 2023; GL 68 has an
expiration date of July 18, 2023. Each GL was made available on OFAC's
website (www.treas.gov/ofac) when it was issued. 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. 13E
Authorizing Certain Administrative Transactions Prohibited by Directive
4 Under Executive Order 14024
(a) Except as provided in paragraph (b) of this general license,
U.S. persons, or entities owned or controlled, directly or indirectly,
by a U.S. person, are authorized to pay taxes, fees, or import duties,
and purchase or receive permits, licenses, registrations, or
certifications, to the extent such transactions are prohibited by
Directive 4 under Executive Order 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, provided such transactions are
ordinarily incident and necessary to the day-to-day operations in the
Russian Federation of such U.S. persons or entities, through 12:01 a.m.
eastern daylight time, August 17, 2023.
(b) This general license does not authorize:
(1) 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; or
(2) 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.
(c) Effective May 19, 2023, General License No. 13D, dated February
24, 2023, is replaced and superseded in its entirety by this General
License No. 13E.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: May 19, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 66
Authorizing the Wind Down of Transactions Involving Public Joint Stock
Company Polyus
(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 Public Joint Stock Company Polyus, or any entity in which
Public Joint Stock Company Polyus owns, directly or indirectly, a 50
percent or greater interest, are authorized through 12:01 a.m. eastern
daylight time, August 17, 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
[[Page 36476]]
paragraph (a) of this general license, unless separately authorized.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
Dated: May 19, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 67
Authorizing Certain Transactions Related to Debt or Equity of, or
Derivative Contracts Involving, Public Joint Stock Company Polyus
(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 Public Joint Stock Company Polyus, or any entity in which
Public Joint Stock Company Polyus owns, directly or indirectly, a 50
percent or greater interest, purchased prior to May 19, 2023 (``covered
debt or equity''), to a non-U.S. person are authorized through 12:01
a.m. eastern daylight time, August 17, 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, May 19, 2023 are authorized through 12:01 a.m. eastern daylight
time, August 17, 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, May 19, 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, August 17, 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: May 19, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 68
Authorizing the Wind Down of Transactions Involving Certain
Universities and Institutes
(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 one or more of the following blocked persons are authorized
through 12:01 a.m. eastern daylight time, July 18, 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):
(1) Federal State Budgetary Educational Institution of Higher
Education Grozny State Oil Technical University Named After Academician
M.D. Millionshchikov;
(2) Federal State Budget Educational Institution of Higher
Education Saint Petersburg Mining University;
(3) Federal State Budgetary Educational Institution of Higher
Education Sergo Ordzhonikidze Russian State University for Geological
Prospecting;
(4) Federal State Budgetary Educational Institution of Higher
Vocational Education Gubkin Russian State University of Oil and Gas;
(5) State Budgetary Educational Institution of Higher Education
Almetyevsk State Oil Institute; or
(6) 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.
(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: May 19, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-11979 Filed 6-2-23; 8:45 am]
BILLING CODE 4810-AL-P