[Weekly Compilation of Presidential Documents Volume 29, Number 2 (Monday, January 18, 1993)]
[Pages 51-52]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Executive Order 12831--Additional Measures With Respect to the Federal 
Republic of Yugoslavia (Serbia and Montenegro)

 January 15, 1993

    By the authority vested in me as President by the Constitution and 
the laws of the Unit- 

[[Page 52]]

ed States of America, including the International Emergency Economic 
Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 
U.S.C. 1601 et seq.), section 5 of the United Nations Participation Act 
of 1945, as amended (22 U.S.C. 287c), and section 301 of title 3 of the 
United States Code, in view of United Nations Security Council 
Resolutions No. 757 of May 30, 1992, and No. 787 of November 16, 1992, 
and in order to take additional steps with respect to the actions and 
policies of the Federal Republic of Yugoslavia (Serbia and Montenegro) 
and the national emergency described and declared in Executive Order No. 
12808 and expanded in Executive Order No. 12810,
    I, George Bush, President of the United States of America, hereby 
order:
    Section 1. The following are prohibited, except to the extent 
provided in regulations, orders, directives, or licenses which may 
hereafter be issued pursuant to this order, and notwithstanding the 
existence of any rights or obligations conferred or imposed by any 
international agreement or any contract entered into or any license or 
permit granted before the effective date of this order:
    (a) Any transaction within the United States or by a United States 
person related to the transshipment of commodities or products through 
the Federal Republic of Yugoslavia (Serbia and Montenegro); and
    (b) Any transaction within the United States or by a United States 
person relating to any vessel in which a majority or controlling 
interest is held by a person or entity in, or operating from, the 
Federal Republic of Yugoslavia (Serbia and Montenegro) regardless of the 
flag under which the vessel sails.
    Sec. 2. Any vessel in which a majority or controlling interest is 
held by a person or entity in, or operating from, the Federal Republic 
of Yugoslavia (Serbia and Montenegro) shall be considered as a vessel of 
the Federal Republic of Yugoslavia (Serbia and Montenegro) regardless of 
the flag under which the vessel sails.
    Sec. 3. The Secretary of the Treasury, in consultation with the 
Secretary of State, is hereby authorized to take such actions, including 
the promulgation of rules and regulations, and to employ all powers 
granted to the President by the International Emergency Economic Powers 
Act and the United Nations Participation Act, as may be necessary to 
carry out the purpose of this order. Such actions may include 
prohibiting or regulating trade and financial transactions involving any 
areas of the territory of the former Socialist Federal Republic of 
Yugoslavia as to which there is inadequate assurance that such 
transactions will not be diverted to the benefit of the Federal Republic 
of Yugoslavia (Serbia and Montenegro). The Secretary of the Treasury may 
redelegate the authority set forth in this order to other officers and 
agencies of the United States Government, all agencies of which are 
hereby directed to take all appropriate measures within their authority 
to carry out the provisions of this order, including suspension or 
termination of licenses or other authorizations in effect as of the date 
of this order.
    Sec. 4. Section 3(i) of Executive Order No. 12810 is hereby revoked.
    Sec. 5. The definitions contained in Section 5 of Executive Order 
No. 12810 apply to the terms used in this order.
    Sec. 6. Nothing contained in this order shall create any right or 
benefit, substantive or procedural, enforceable by any party against the 
United States, its agencies or instrumentalities, its officers or 
employees, or any other person.
    Sec. 7. (a) This order is effective immediately.
    (b) This order shall be transmitted to the Congress and published in 
the Federal Register.
                                                   George Bush
The White House,
January 15, 1993.

[Filed with the Office of the Federal Register, 4:26 p.m., January 15, 
1993]

Note: This Executive order will be published in the Federal Register on 
January 21.