[Federal Register Volume 89, Number 112 (Monday, June 10, 2024)]
[Rules and Regulations]
[Pages 48840-48841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12308]


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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 8I, 13I, and 94

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 three general licenses (GLs) issued 
pursuant to the Russian Harmful Foreign Activities Sanctions 
Regulations: GLs 8I, 13I, and 94, each of which was previously made 
available on OFAC's website.

DATES: GL 13I was 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 April 12, 2024, OFAC issued GL 13I to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). GL 13I 
replaced and superseded GL 13H and has an expiration date of July 11, 
2024. On April 19, 2024, OFAC issued GL 94, also authorizing certain 
transactions otherwise prohibited by the RuHSR. On April 29, 2024, OFAC 
issued GL 8I, also authorizing certain transactions otherwise 
prohibited by the RuHSR. GL 8I replaced and superseded GL 8H and has an 
expiration date of November 1, 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. 8I

Authorizing Transactions Related to Energy

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 involving 
one or more of the following entities that are related to energy are 
authorized, through 12:01 a.m. eastern daylight time, November 1, 2024:
    (1) State Corporation Bank for Development and Foreign Economic 
Affairs Vnesheconombank;
    (2) Public Joint Stock Company Bank Financial Corporation Otkritie;
    (3) Sovcombank Open Joint Stock Company;
    (4) Public Joint Stock Company Sberbank of Russia;
    (5) VTB Bank Public Joint Stock Company;
    (6) Joint Stock Company Alfa-Bank;
    (7) Public Joint Stock Company Rosbank;
    (8) Bank Zenit Public Joint Stock Company;
    (9) Bank Saint-Petersburg Public Joint Stock Company;
    (10) 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; or
    (11) the Central Bank of the Russian Federation.
    (b) For the purposes of this general license, the term ``related to 
energy'' means the extraction, production, refinement, liquefaction, 
gasification, regasification, conversion, enrichment, fabrication, 
transport, or purchase of petroleum, including crude oil, lease 
condensates, unfinished oils, natural gas liquids, petroleum products, 
natural gas, or other products capable of producing energy, such as 
coal, wood, or agricultural products used to manufacture biofuels, or 
uranium in any form, as well as the development, production, 
generation, transmission, or exchange of power, through any means, 
including nuclear, thermal, and renewable energy sources.
    (c) This general license does not authorize:
    (1) Any transactions prohibited by Directive 1A under E.O. 14024, 
Prohibitions Related to Certain Sovereign Debt of the Russian 
Federation;
    (2) The opening or maintaining of a correspondent account or 
payable-through account for or on behalf of any entity subject to 
Directive 2 under E.O. 14024, Prohibitions Related to Correspondent or 
Payable-Through Accounts and Processing of Transactions Involving 
Certain Foreign Financial Institutions;
    (3) Any debit to an account on the books of a U.S. financial 
institution of the Central Bank of the Russian Federation; or
    (4) 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 other than the blocked persons described in paragraph (a) of this 
general license, unless separately authorized.
    (d) Effective April 29, 2024, General License No. 8H, dated October 
25, 2023, is replaced and superseded in its entirety by this General 
License No. 8I.

    Note to General License No. 8I.  This authorization is valid 
until November 1, 2024, unless renewed.


Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: April 29, 2024.

[[Page 48841]]

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 13I

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, 
certifications, or tax refunds 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, July 11, 2024.
    (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 April 12, 2024, General License No. 13H, dated 
January 18, 2024, is replaced and superseded in its entirety by this 
General License No. 13I.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: April 12, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

Ukraine-/Russia-Related Sanctions Regulations

31 CFR Part 589

GENERAL LICENSE NO. 94

Authorizing Transactions Involving OWH SE i.L. (Formerly Known as VTB 
Bank Europe SE)

    (a) Except as provided in paragraph (c) of this general license, 
all transactions prohibited by the Russian Harmful Foreign Activities 
Sanctions Regulations, 31 CFR part 587 (RuHSR) or the Ukraine-/Russia-
Related Sanctions Regulations, 31 CFR part 589 (URSR), involving OWH SE 
i.L. (formerly known as VTB Bank Europe SE), or any entity in which OWH 
SE i.L. owns, directly or indirectly, a 50 percent or greater interest 
(``OWH SE i.L. Entities''), are authorized.
    (b) All property and interests in property of OWH SE i.L. Entities 
are unblocked.
    (c) This general license does not authorize any transactions 
otherwise prohibited by the RuHSR or the URSR, including transactions 
involving any person blocked pursuant to the RuHSR or the URSR, other 
than the blocked persons described in paragraph (a) of this general 
license, unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: April 19, 2024.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12308 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P