[Federal Register Volume 88, Number 180 (Tuesday, September 19, 2023)]
[Rules and Regulations]
[Pages 64380-64381]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20161]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 583


Publication of Global Magnitsky Sanctions Regulations Web General 
Licenses 1, 2, and Subsequent Iterations

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 Global Magnitsky Sanctions Regulations: GLs 1, 1A, 2, 
and 2A, each of which was previously made available on OFAC's website.

DATES: GL 1 was issued on December 9, 2019. 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: https://ofac.treasury.gov.

Background

    On December 9, 2019, OFAC issued GL 1 to authorize certain 
transactions otherwise prohibited by the Global Magnitsky Sanctions 
Regulations, 31 CFR part 583 (``the Regulations''). Subsequently, on 
December 18, 2019, OFAC issued GL 1A, which superseded GL 1. On July 
31, 2020, OFAC issued GL 2, also authorizing certain transactions 
otherwise prohibited by the Regulations. On September 25, 2020, OFAC 
issued GL 2A, which superseded GL 2. Each GL was made available on 
OFAC's website (https://ofac.treasury.gov) when it was issued. Each of 
these GLs is now expired. The text of these GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Global Magnitsky Sanctions Regulations

31 CFR Part 583

GENERAL LICENSE NO. 1

Authorizing Certain Activities Necessary to the Wind Down of 
Transactions Involving Ventspils Freeport Authority, Ventspils 
Attistibas Agentura, Biznesa Attistibas Asociacija, and Latvijas 
Tranzita Biznesa Asociacija

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities prohibited by the Global Magnitsky 
Sanctions Regulations, 31 CFR part 583, that are ordinarily incident 
and necessary to the wind down of transactions involving, directly 
or indirectly, one or more of the following entities, or any entity 
in which one or more of the following entities owns, directly or 
indirectly, a 50 percent or greater interest, are authorized through 
12:01 a.m. eastern standard time, January 8, 2020:
     Ventspils Freeport Authority;
     Ventspils Attistibas Agentura (Ventspils Development 
Agency);
     Biznesa Attistibas Asociacija (Business Development 
Association); or
     Latvijas Tranzita Biznesa Asociacija (Latvian Transit 
Business Association).
    (b) This general license does not authorize:
    (1) Any debit to an account on the books of a U.S. financial 
institution of the entities listed in paragraph (a), or any entity 
in which one or more of the entities in paragraph (a) owns, directly 
or indirectly, a 50 percent or greater interest;
    (2) Any transactions or dealings otherwise prohibited by the 
Global Magnitsky Sanctions Regulations, or any other part of 31 CFR 
chapter V, or any transactions or dealings with any blocked person 
other than the blocked persons described in paragraph (a) of this 
general license; or
    (3) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, or any Executive order except as authorized by 
paragraph (a) of this general license.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: December 9, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Global Magnitsky Sanctions Regulations

31 CFR Part 583

GENERAL LICENSE NO. 1A

Authorizing Certain Activities Necessary to the Wind Down of 
Transactions Involving Ventspils Attistibas Agentura, Biznesa 
Attistibas Asociacija, and Latvijas Tranzita Biznesa Asociacija

    (a) Except as provided in paragraph (b) of this general license, 
all transactions and activities prohibited by the Global Magnitsky 
Sanctions Regulations, 31 CFR part 583, that are ordinarily incident 
and necessary to the wind down of transactions involving, directly 
or indirectly, one or more of the following entities, or any entity 
in which one or more of the following entities owns, directly or 
indirectly, a 50 percent or greater interest, are authorized through 
12:01 a.m. eastern standard time, January 8, 2020:
     Ventspils Attistibas Agentura (Ventspils Development 
Agency);
     Biznesa Attistibas Asociacija (Business Development 
Association); or
     Latvijas Tranzita Biznesa Asociacija (Latvian Transit 
Business Association).
    (b) This general license does not authorize:
    (1) Any debit to an account on the books of a U.S. financial 
institution of the entities listed in paragraph (a), or any entity 
in which one or more of the entities in paragraph (a) owns, directly 
or indirectly, a 50 percent or greater interest;
    (2) Any transactions or dealings otherwise prohibited by the 
Global Magnitsky Sanctions Regulations, or any other part of 31 CFR 
chapter V, or any transactions or dealings with any blocked person 
other than the blocked persons described in paragraph (a) of this 
general license; or
    (3) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, or any Executive order except as authorized by 
paragraph (a) of this general license.

[[Page 64381]]

    (c) Effective December 18, 2019, General License 1, dated 
December 9, 2019, is replaced and superseded in its entirety by this 
General License 1A.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: December 18, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Global Magnitsky Sanctions Regulations

31 CFR Part 583

GENERAL LICENSE NO. 2

Authorizing Certain Wind Down and Divestment Transactions and 
Activities Related to Blocked Subsidiaries of the Xinjiang Production 
and Construction Corps (XPCC)

    (a) Except as provided in paragraph (d) of this general license, 
all transactions and activities otherwise prohibited by the Global 
Magnitsky Sanctions Regulations, 31 CFR part 583 (GMSR), that are 
ordinarily incident and necessary to the wind down of transactions 
involving any entity in which the XPCC owns, directly or indirectly, 
a 50 percent or greater interest (Blocked XPCC Subsidiary), are 
authorized through 12:01 a.m. eastern daylight time, September 30, 
2020.
    (b) Except as provided in paragraph (d) of this general license, 
all transactions and activities otherwise prohibited by the GMSR 
that are ordinarily incident and necessary to (1) divest or transfer 
debt, equity, or other holdings in any Blocked XPCC Subsidiary to a 
non-U.S. person, or (2) facilitate the transfer of debt, equity, or 
other holdings in any Blocked XPCC Subsidiary by a non-U.S. person 
to another non-U.S. person, are authorized through 12:01 a.m. 
eastern daylight time, September 30, 2020.
    (c) The transactions and activities authorized in paragraph (b) 
include facilitating, clearing, and settling transactions that are 
ordinarily incident and necessary to a U.S. person's divestment to a 
non-U.S. person of debt, equity, or other holdings in any Blocked 
XPCC Subsidiary.
    (d) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any other 
part of 31 CFR chapter V;
    (2) Any debit to the account of any Blocked XPCC Subsidiary on 
the books of a U.S. financial institution;
    (3) U.S. persons to sell debt, equity, or other holdings to; to 
purchase or invest in debt, equity, or other holdings in; or to 
facilitate such transactions with, directly or indirectly, any 
person whose property and interests in property are blocked pursuant 
to the GMSR, including any Blocked XPCC Subsidiary, other than 
purchases of or investments in debt, equity, or other holdings in 
any Blocked XPCC Subsidiary that are ordinarily incident and 
necessary to the divestment or transfer of investments in debt, 
equity, or other holdings in any Blocked XPCC Subsidiary as 
described in paragraph (b); or
    (4) Any transactions or dealings involving the property or 
interests in property of any person whose property and interests in 
property are blocked pursuant to the GMSR, including the XPCC, or 
any person whose property and interests in property are blocked 
pursuant to any other part of 31 CFR chapter V, other than Blocked 
XPCC Subsidiaries.
    (e) U.S. persons participating in transactions authorized by 
this general license are required, within 10 business days after the 
expiration date of this general license, to file a comprehensive, 
detailed report of each transaction, including the name of this 
general license, the names and addresses of parties involved, the 
type and scope of activities conducted, and the dates on which the 
activities occurred, with the Office of Foreign Assets Control, 
Office of Compliance and Enforcement, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building, 
Washington, DC 20220, or via email (preferred) to 
[email protected].

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: July 31, 2020.

OFFICE OF FOREIGN ASSETS CONTROL

Global Magnitsky Sanctions Regulations

31 CFR Part 583

GENERAL LICENSE NO. 2A

Authorizing Certain Wind Down and Divestment Transactions and 
Activities Related to Blocked Subsidiaries of the Xinjiang Production 
and Construction Corps (XPCC)

    (a) Except as provided in paragraph (d) of this general license, 
all transactions and activities otherwise prohibited by the Global 
Magnitsky Sanctions Regulations, 31 CFR part 583 (GMSR), that are 
ordinarily incident and necessary to the wind down of transactions 
involving any entity in which the XPCC owns, directly or indirectly, 
a 50 percent or greater interest (Blocked XPCC Subsidiary), are 
authorized through 12:01 a.m. eastern standard time, November 30, 
2020.
    (b) Except as provided in paragraph (d) of this general license, 
all transactions and activities otherwise prohibited by the GMSR 
that are ordinarily incident and necessary to (1) divest or transfer 
debt, equity, or other holdings in any Blocked XPCC Subsidiary to a 
non-U.S. person, or (2) facilitate the transfer of debt, equity, or 
other holdings in any Blocked XPCC Subsidiary by a non-U.S. person 
to another non-U.S. person, are authorized through 12:01 a.m. 
eastern standard time, November 30, 2020.
    (c) The transactions and activities authorized in paragraph (b) 
include facilitating, clearing, and settling transactions that are 
ordinarily incident and necessary to a U.S. person's divestment to a 
non-U.S. person of debt, equity, or other holdings in any Blocked 
XPCC Subsidiary.
    (d) This general license does not authorize:
    (1) The unblocking of any property blocked pursuant to any other 
part of 31 CFR chapter V;
    (2) Any debit to the account of any Blocked XPCC Subsidiary on 
the books of a U.S. financial institution;
    (3) U.S. persons to sell debt, equity, or other holdings to; to 
purchase or invest in debt, equity, or other holdings in; or to 
facilitate such transactions with, directly or indirectly, any 
person whose property and interests in property are blocked pursuant 
to the GMSR, including any Blocked XPCC Subsidiary, other than 
purchases of or investments in debt, equity, or other holdings in 
any Blocked XPCC Subsidiary that are ordinarily incident and 
necessary to the divestment or transfer of investments in debt, 
equity, or other holdings in any Blocked XPCC Subsidiary as 
described in paragraph (b); or
    (4) Any transactions or dealings involving the property or 
interests in property of any person whose property and interests in 
property are blocked pursuant to the GMSR, including the XPCC, or 
any person whose property and interests in property are blocked 
pursuant to any other part of 31 CFR chapter V, other than Blocked 
XPCC Subsidiaries.
    (e) U.S. persons participating in transactions authorized by 
this general license are required, within 10 business days after the 
expiration date of this general license, to file a comprehensive, 
detailed report of each transaction, including the name of this 
general license, the names and addresses of parties involved, the 
type and scope of activities conducted, and the dates on which the 
activities occurred, with the Office of Foreign Assets Control, 
Office of Compliance and Enforcement, U.S. Department of the 
Treasury, 1500 Pennsylvania Avenue NW, Freedman's Bank Building, 
Washington, DC 20220, or via email (preferred) to 
[email protected].
    (f) Effective September 25, 2020, General License No. 2, dated 
July 31, 2020, is replaced and superseded in its entirety by this 
General License 2A.

Andrea Gacki,

Director, Office of Foreign Assets Control.

Dated: September 25, 2020.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-20161 Filed 9-18-23; 8:45 am]
BILLING CODE 4810-AL-P