[Federal Register Volume 89, Number 11 (Wednesday, January 17, 2024)]
[Rules and Regulations]
[Pages 2880-2882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00734]


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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 81, 82, 83, 84, and 85

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 five general licenses (GLs) issued 
pursuant to the Russian Harmful Foreign Activities Sanctions 
Regulations: GLs 81, 82, 83, 84, and 85 each of which were previously 
made available on OFAC's website.

DATES: GLs 81 and 82 were issued on December 20, 2023, and GLs 83, 84, 
and 85 were issued on December 22, 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: 

[[Page 2881]]

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: https://ofac.treasury.gov.

Background

    On December 20, 2023, OFAC issued GLs 81 and 82 to authorize 
certain transactions otherwise prohibited by the Russian Harmful 
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). On 
December 22, 2023, OFAC issued GLs 83, 84, and 85 to authorize certain 
transactions otherwise prohibited by the RuHSR. GLs 81 and 82 have an 
expiration date of March 19, 2024. GL 83 has an expiration date of 
February 21, 2024. GL 85 has an expiration date of March 21, 2024. Each 
GL was made available on OFAC's website (https://ofac.treasury.gov) 
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. 81

Authorizing Limited Safety and Environmental Transactions Involving 
Certain Persons or Vessels Blocked on December 20, 2023

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 that are 
ordinarily incident and necessary to one of the following activities 
involving the blocked persons described in paragraph (b) are authorized 
through 12:01 a.m. eastern daylight time, March 19, 2024, 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 (RuHSR):
    (1) The safe docking and anchoring in port of any vessels in which 
any person or entity listed in paragraph (b) of this general license 
has a property interest (``blocked vessels'');
    (2) The preservation of the health or safety of the crew of any of 
the blocked vessels; or
    (3) Emergency repairs of any of the blocked vessels or 
environmental mitigation or protection activities relating to any of 
the blocked vessels.
    (b) The authorization in paragraph (a) of this general license 
applies to the following blocked persons listed on the Office of 
Foreign Assets Control's Specially Designated Nationals and Blocked 
Persons List and any entity in which any of the following persons own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest:
    (1) SUN Ship Management D Ltd;
    (2) Covart Energy Limited;
    (3) Voliton DMCC; and
    (4) Bellatrix Energy Limited.
    (c) This general license does not authorize:
    (1) The entry into any new commercial contracts involving the 
property or interests in property of any blocked persons, including the 
blocked entities described in paragraph (b) of this general license, 
except as authorized by paragraph (a);
    (2) The offloading of any cargo onboard any of the blocked vessels, 
including the offloading of crude oil or petroleum products of Russian 
Federation origin, except for the offloading of cargo that is 
ordinarily incident and necessary to address vessel emergencies 
authorized pursuant to paragraph (a) of this general license;
    (3) Any transactions related to the sale of crude oil or petroleum 
products of Russian Federation origin;
    (4) 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;
    (5) 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
    (6) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving the property or interests in property of any 
person blocked pursuant to the RuHSR, other than transactions involving 
the blocked persons in paragraph (b) of this general license, unless 
separately authorized.

    Dated: December 20, 2023.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 82

Authorizing the Wind Down of Transactions Involving SUN Ship Management 
D Ltd

    (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 SUN Ship Management D Ltd (SUN Ship), or any entity in which 
SUN Ship owns, directly or indirectly, a 50 percent or greater 
interest, are authorized through 12:01 a.m. eastern daylight time, 
March 19, 2024, provided that any payment to a blocked person is 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, as amended; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the blocked persons mentioned in paragraph (a) of this general 
license, unless separately authorized.

    Dated: December 20, 2023.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 83

Authorizing Certain Transactions Related to Imports of Certain 
Categories of Fish, Seafood, and Preparations Thereof Prohibited by 
Executive Order 14068

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by the determination of December 22, 2023 
made pursuant to section 1(a)(i)(B) of Executive Order (E.O.) 14068, as 
amended by E.O. of December 22, 2023 (``Prohibitions Related to Imports 
of Certain Categories of Fish, Seafood, and Preparations Thereof''), 
that are ordinarily incident and necessary to the importation into the 
United States of seafood derivative products, pursuant to written 
contracts or written agreements entered into prior to December 22, 2023 
are authorized through 12:01 a.m.

[[Page 2882]]

eastern standard time, February 21, 2024.
    (b) This general license does not authorize 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.

    Dated: December 22, 2023.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 84

Authorizing Transactions Related to Closing a Correspondent or Payable-
Through Account

    (a) Except as provided in paragraph (b) of this general license, 
U.S. financial institutions that maintain correspondent accounts or 
payable-through accounts for any foreign financial institution subject 
to the correspondent account or payable-through account (CAPTA) 
prohibition of section 11(b)(i) of Executive Order (E.O.) 14024, as 
amended, are authorized, during the 10-day period beginning on the 
effective date of the imposition of the prohibition, to engage in the 
following transactions:
    (1) Processing only those transactions through the account, or 
permitting the foreign financial institution to execute only those 
transactions through the account, for the purpose of, and necessary 
for, closing the account; and
    (2) Transferring the funds remaining in the correspondent account 
or the payable-through account to an account of the foreign financial 
institution located outside of the United States and closing of the 
correspondent account or the payable-through account.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the RuHSR, including transactions involving any 
person blocked pursuant to the RuHSR, unless separately authorized.

    Dated: December 22, 2023.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 85

Authorizing the Wind Down of Transactions and the Closure of Accounts 
Involving Expobank Joint Stock Company

    (a) Except as provided in paragraph (c) 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 Expobank Joint Stock Company (Expobank), or any entity in 
which Expobank owns, directly or indirectly, a 50 percent or greater 
interest, are authorized through 12:01 a.m. eastern daylight time, 
March 21, 2024, provided that any payment to a blocked person is made 
into a blocked account in accordance with the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
    (b) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by E.O. 14024 that are ordinarily incident 
and necessary to (i) the closing of an account of a person, wherever 
located, who is not a blocked person (``the account holder''), held at 
Expobank, or any financial institution in which Expobank owns, directly 
or indirectly, a 50 percent or greater interest, and (ii) the 
unblocking and lump sum transfer of all remaining funds and other 
assets in the account to the account holder, including to an account of 
the account holder held at a non-blocked financial institution, are 
authorized through 12:01 a.m. eastern daylight time, March 21, 2024.
    (c) 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, as amended; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the blocked person described in paragraph (a) of this general 
license, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: December 22, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-00734 Filed 1-16-24; 8:45 am]
BILLING CODE 4810-AL-P