[Federal Register Volume 89, Number 110 (Thursday, June 6, 2024)]
[Rules and Regulations]
[Pages 48324-48325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12372]


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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 Determinations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of two determinations.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one determination issued pursuant to a 
March 11, 2022 Executive Order, as amended on December 22, 2023, and 
one determination issued pursuant to an April 6, 2022 Executive Order. 
The determinations were previously issued on OFAC's website.

DATES: The determination pursuant to Executive Order 14068, as amended, 
and the determination pursuant to Executive Order 14071 were issued on 
April 12, 2024. 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 March 11, 2022, the President, invoking the authority of, inter 
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 
et seq.) (IEEPA), issued Executive Order (E.O.) 14068, ``Prohibiting 
Certain Imports, Exports, and New Investment With Respect to Continued 
Russian Federation Aggression'' (87 FR 14381, March 15, 2022). Among 
other prohibitions, E.O. 14068 section 1(a)(i) prohibits the 
importation into the United States of the following products of Russian 
Federation origin: fish, seafood, and preparations thereof; alcoholic 
beverages; non-industrial diamonds; and any other products of Russian 
Federation origin as may be determined by the Secretary of the 
Treasury, in consultation with the Secretary of State and the Secretary 
of Commerce.

[[Page 48325]]

    On December 22, 2023, the President, invoking the authority of, 
inter alia, IEEPA, issued E.O. 14114, ``Taking Additional Steps With 
Respect to the Russian Federation's Harmful Activities'' (88 FR 89271, 
December 26, 2023). Among other things, E.O. 14114 amends E.O.14068 by 
striking paragraph (a)(i) of section 1 and inserting, in lieu thereof, 
new language in subsections (a)(i)(A) through (D).
    Section 1(a)(i)(A) of E.O. 14068 as amended prohibits the 
importation and entry into the United States, including importation for 
admission into a foreign trade zone located in the United States, of 
the following products of Russian Federation origin: fish, seafood, and 
preparations thereof; alcoholic beverages; non-industrial diamonds; and 
any other products of Russian Federation origin, as may be determined 
by the Secretary of the Treasury, in consultation with the Secretary of 
State and the Secretary of Commerce.
    On April 6, 2022, the President, invoking the authority of, inter 
alia, IEEPA, issued E.O. 14071 of April 6, 2022, ``Prohibiting New 
Investment in and Certain Services to the Russian Federation in 
Response to Continued Russian Federation Aggression'' (87 FR 20999, 
April 8, 2022). Among other prohibitions, section 1(a)(ii) of E.O. 
14071 prohibits the exportation, reexportation, sale, or supply, 
directly or indirectly, from the United States, or by a United States 
person, wherever located, of any category of services as may be 
determined by the Secretary of the Treasury, in consultation with the 
Secretary of State, to any person located in the Russian Federation.

Determination Pursuant to Section 1(a)(i)(A) of E.O. 14068

    On April 12, 2024, pursuant to delegated authority, the Director of 
OFAC, in consultation with the Department of State and the Department 
of Commerce, issued ``Determination Pursuant to Section 1(a)(i)(A) of 
Executive Order 14068,'' which determined that the prohibitions in 
section 1(a)(i)(A) of E.O. 14068 as amended shall apply to aluminum, 
copper, and nickel of Russian Federation origin.

Determination Pursuant to Section 1(a)(ii) of E.O. 14071

    Also on April 12, 2024, pursuant to delegated authority, the 
Director of OFAC in consultation with the Department of State issued 
``Determination Pursuant to Sections 1(a)(ii) of Executive Order 
14071,'' which determined that the prohibitions in section 1(a)(ii) of 
E.O. 14071 shall apply to the following categories of services: 
warranting services for aluminum, copper, or nickel of Russian 
Federation origin on a global metal exchange; and services to acquire 
aluminum, copper, or nickel of Russian Federation origin as part of 
physical settlement of a derivative contract (collectively, ``Covered 
Metals Acquisition Services'').
    Each determination was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. The text of these determinations 
is below.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(i)(A) of Executive Order 14068

Prohibitions Related to Imports of Aluminum, Copper, and Nickel of 
Russian Federation Origin

    Pursuant to sections 1(a)(i)(A), 1(b), and 5 of Executive Order 
(E.O.) 14068 of March 11, 2022 (``Prohibiting Certain Imports, 
Exports, and New Investment With Respect to Continued Russian 
Federation Aggression''), as amended by E.O. 14114 of December 22, 
2023 (``Taking Additional Steps With Respect to the Russian 
Federation's Harmful Activities''), and 31 CFR 587.802, and in 
consultation with the Department of State and the Department of 
Commerce, I hereby determine that the prohibitions in section 
1(a)(i)(A) of E.O. 14068 shall apply to aluminum, copper, and nickel 
of Russian Federation origin.
    As a result, the importation and entry into the United States, 
including importation for admission into a foreign trade zone 
located in the United States, of aluminum, copper, and nickel of 
Russian Federation origin is prohibited, except to the extent 
provided by law, or unless licensed or otherwise authorized by the 
Office of Foreign Assets Control.
    This determination excludes aluminum, copper, and nickel of 
Russian Federation origin that was produced prior to April 13, 2024.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    April 12, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(ii) of Executive Order 14071

Prohibitions on Certain Services for the Acquisition of Aluminum, 
Copper, or Nickel of Russian Federation Origin

    Pursuant to sections 1(a)(ii), 1(b), and 5 of Executive Order 
(E.O.) 14071 of April 6, 2022 (``Prohibiting New Investment in and 
Certain Services to the Russian Federation in Response to Continued 
Russian Federation Aggression'') and 31 CFR 587.802, and in 
consultation with the Department of State, I hereby determine that 
the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to 
the following categories of services: warranting services for 
aluminum, copper, or nickel of Russian Federation origin on a global 
metal exchange; and services to acquire aluminum, copper, or nickel 
of Russian Federation origin as part of physical settlement of a 
derivative contract (collectively, ``Covered Metals Acquisition 
Services'').
    As a result, the following activities are prohibited, except to 
the extent provided by law, or unless licensed or otherwise 
authorized by the Office of Foreign Assets Control:
    The exportation, reexportation, sale, or supply, directly or 
indirectly, from the United States, or by a United States person, 
wherever located, of any of the Covered Metals Acquisition Services 
to any person located in the Russian Federation.
    This determination excludes Covered Metals Acquisition Services 
related to aluminum, copper, or nickel that was produced prior to 
April 13, 2024.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    April 12, 2024.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12372 Filed 6-5-24; 8:45 am]
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