[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