[Federal Register Volume 89, Number 112 (Monday, June 10, 2024)]
[Rules and Regulations]
[Pages 48838-48840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12312]


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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 95, 96, and 97

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 95, 96, and 97, each of which was previously made 
available on OFAC's website.

DATES: GLs 94, 95, and 96 were issued on May 1, 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 May 1, 2024, OFAC issued GLs 95, 96, and 97 to authorize certain 
transactions otherwise prohibited by the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587. GL 95 and GL 96 both 
have an expiration date of July 30, 2024; GL 97 has an expiration date 
of June 17, 2024. Each GL was made available on OFAC's website (https://ofac.treasury.gov/) at the time of publication. The text of these GLs 
is provided below.

[[Page 48839]]

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 95

Authorizing Civil Aviation Safety and Wind Down Transactions Involving 
Limited Liability Company Aviakompaniya Pobeda

    (a) Except as provided in paragraph (c), all transactions 
prohibited by Executive Order (E.O.) 14024 that are ordinarily incident 
and necessary to the provision, exportation, or reexportation of goods, 
technology, or services to ensure the safety of civil aviation 
involving Limited Liability Company Aviakompaniya Pobeda are authorized 
through 12:01 a.m. eastern daylight time, July 30, 2024, provided that 
the goods, technology, or services that are provided, exported, or 
reexported are for use on aircraft operated solely for civil aviation 
purposes.
    (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 the wind down of any transaction involving Limited 
Liability Company Aviakompaniya Pobeda are authorized through 12:01 
a.m. eastern daylight time, July 30, 2024, provided that any payment to 
Limited Liability Company Aviakompaniya Pobeda must be made into a 
blocked account in accordance with the Russian Harmful Foreign 
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
    (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; or
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than Limited Liability Company Aviakompaniya Pobeda, unless separately 
authorized.

    Note to General License 95. Nothing in this general license 
relieves any person from compliance with any other Federal laws or 
requirements of other Federal agencies, including export, reexport, 
and transfer (in-country) licensing requirements maintained by the 
Department of Commerce's Bureau of Industry and Security under the 
Export Administration Regulations, 15 CFR parts 730-774.


Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: May 1, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 96

Authorizing Limited Safety and Environmental Transactions Involving 
Certain Blocked Persons or Vessels

    (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, July 30, 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, 31 CFR part 587 (RuHSR):
    (1) The safe docking and anchoring in port of any vessels in which 
any person listed in paragraph (b) of this general license has a 
property interest (the ``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) Red Box Energy Services PTE LTD;
    (2) CFU Shipping Co Limited;
    (3) Transstroy Limited Liability Company
    (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 described in paragraph (b) of this general license, 
unless separately authorized.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: May 1, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Russian Harmful Foreign Activities Sanctions Regulations

31 CFR Part 587

GENERAL LICENSE NO. 97

Authorizing the Wind Down of Transactions Involving Certain Entities 
Blocked on May 1, 2024

    (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 entities are authorized 
through 12:01 a.m. eastern daylight time, June 17, 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):
    (1) LLC Sibcapital;
    (2) Yantai Iray Technology Co Ltd; or

[[Page 48840]]

    (3) Any entity in which one or more 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.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: May 1, 2024.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12312 Filed 6-7-24; 8:45 am]
BILLING CODE 4810-AL-P