[Weekly Compilation of Presidential Documents Volume 31, Number 52 (Monday, January 1, 1996)]
[Pages 2231-2232]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Memorandum Suspending Sanctions Against the Federal Republic of 
Yugoslavia (Serbia and Montenegro)

December 27, 1995

Presidential Determination No. 96-7

Memorandum for the Secretary of State, the Secretary of the Treasury, 
the Secretary of Transportation

Subject: Presidential Certification to Suspend Sanctions Imposed on the 
Federal Republic of Yugoslavia (Serbia and Montenegro)

    Pursuant to the authority vested in me by section 1511(e)(2) of the 
National Defense Authorization Act for Fiscal Year 1994 (Public Law 103-
160) (the ``Act''), I hereby determine that the waiver or modification 
of the sanctions on Serbia and Montenegro that were imposed by or 
pursuant to the directives described in section 1511(a) (1-5) and (7-8) 
of the Act, in conformity with the provisions of United Nations Security 
Council Resolutions 1021 and 1022 of November 22, 1995,  is  necessary  
to  achieve  a  negotiated settlement of the conflict in Bosnia-
Herzegovina that is acceptable to the parties.
    Therefore, I hereby direct the Secretary of the Treasury to take 
appropriate action to suspend the application of the sanctions imposed 
on Serbia and Montenegro pursuant to Executive Order No. 12808 of May 
30, 1992, Executive Order No. 12810 of June 5, 1992, Executive Order No. 
12831 of January 15, 1993, and Executive Order No. 12846 of April 25, 
1993, effective upon the transmittal of this determination to the 
Congress. The property and interests in property previously blocked 
remain blocked until provision is made to address claims or 
encumbrances, including the claims of the other successor states of the 
former Yugoslavia.
    I hereby direct the Secretary of Transportation to take appropriate 
action to suspend the application of the sanctions imposed pur- 

[[Page 2232]]

suant to Department of Transportation Order 92-5-38 of May 20, 1992, 
Department of Transportation Order 92-6-27 of June 12, 1992, and Special 
Federal Aviation Regulation No. 66-2 of May 31, 1995 (14 C.F.R. Part 91, 
60 Federal Register 28477), effective upon the transmittal of this 
determination to the Congress.
    I hereby authorize the Secretary of State to take appropriate action 
to suspend the application of the sanctions imposed pursuant to 
Department of State Public Notice 1427 of July 11, 1991, at the 
appropriate time in conformity with the provisions of United Nations 
Security Council Resolution 1021 of November 22, 1995.
    The national emergency declared in Executive Order No. 12808 and 
expanded in Executive Order No. 12934 shall continue in effect.
    The Secretary of State is authorized and directed to publish this 
determination in the Federal Register.
                                            William J. Clinton

Note: This memorandum was released by the Office of the Press Secretary 
on December 28. A memorandum of justification for Presidential 
certification regarding the modification of the application of U.S. 
sanctions on Serbia and Montenegro was attached to the President's 
memorandum.