[Federal Register Volume 90, Number 139 (Wednesday, July 23, 2025)]
[Rules and Regulations]
[Pages 34597-34598]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-13836]
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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 55D and 115B
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 two general licenses (GLs) issued pursuant
to the Russian Harmful Foreign Activities Sanctions Regulations: GLs
55D and 115B, each of which was previously made available on OFAC's
website.
DATES: GL 55D was issued on June 18, 2025. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or https://ofac.treasury.gov/contact-ofac.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.
Background
On June 18, 2025, and June 27, 2025, OFAC issued GLs 55D and 115B,
respectively, to authorize certain transactions otherwise prohibited by
the
[[Page 34598]]
Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part
587. Each GL was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. GLs 55D and 115B replaced and
superseded GLs 55C and 115A, respectively. Both GLs have an expiration
date of December 19, 2025. 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. 55D
Authorizing Certain Services Related to Sakhalin-2
(a) Except as provided in paragraph (d) of this general license,
all transactions prohibited by the determination of November 21, 2022
made pursuant to section 1(a)(ii) of Executive Order (E.O.) 14071
(``Prohibitions on Certain Services as They Relate to the Maritime
Transport of Crude Oil of Russian Federation Origin'') related to the
maritime transport of crude oil originating from the Sakhalin-2 project
(``Sakhalin-2 byproduct'') are authorized through 12:01 a.m. eastern
standard time, December 19, 2025, provided that the Sakhalin-2
byproduct is solely for importation into Japan.
(b) Except as provided in paragraph (d) of this general license,
all transactions prohibited by E.O. 14024 involving Gazprombank Joint
Stock Company (Gazprombank) or any entity in which Gazprombank owns,
directly or indirectly, a 50 percent or greater interest, that are
related to the Sakhalin-2 project, including such transactions
involving Sakhalin Energy LLC, are authorized through 12:01 a.m.
eastern standard time, December 19, 2025.
(c) Except as provided in paragraph (d) of this general license,
all transactions prohibited by the determination of January 10, 2025
made pursuant to section 1(a)(ii) of E.O. 14071 (``Prohibition on
Petroleum Services'') that are related to the Sakhalin-2 project are
authorized through 12:01 a.m. eastern standard time, December 19, 2025.
(d) 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 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 (b),
unless separately authorized.
(e) Effective June 18, 2025, General License No. 55C, dated
November 21, 2024, is replaced and superseded in its entirety by this
General License No. 55D.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: June 18, 2025.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations
31 CFR Part 587
GENERAL LICENSE NO. 115B
Authorizing Certain Transactions Related to Civil Nuclear 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 civil nuclear
energy are authorized through 12:01 a.m. eastern standard time,
December 19, 2025:
(1) Gazprombank Joint Stock Company;
(2) State Corporation Bank for Development and Foreign Economic
Affairs Vnesheconombank;
(3) Public Joint Stock Company Bank Financial Corporation Otkritie;
(4) Sovcombank Open Joint Stock Company;
(5) Public Joint Stock Company Sberbank of Russia;
(6) VTB Bank Public Joint Stock Company;
(7) Joint Stock Company Alfa-Bank;
(8) Public Joint Stock Company Rosbank;
(9) Bank Zenit Public Joint Stock Company;
(10) Bank Saint-Petersburg Public Joint Stock Company;
(11) National Clearing Center (NCC);
(12) 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
(13) the Central Bank of the Russian Federation.
(b) For the purposes of this general license, the term ``related to
civil nuclear energy'' means transactions undertaken solely to maintain
or support civil nuclear projects initiated before November 21, 2024.
(c) This general license does not authorize:
(1) 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;
(2) 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; or
(3) 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 June 27, 2025, General License No. 115A, dated
January 10, 2025, is replaced and superseded in its entirety by this
General License No. 115B.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: June 27, 2025.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2025-13836 Filed 7-22-25; 8:45 am]
BILLING CODE 4810-AL-P