[Weekly Compilation of Presidential Documents Volume 35, Number 21 (Monday, May 31, 1999)]
[Pages 994-995]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Notice--Continuation of Emergency With Respect to the Federal Republic 
of Yugoslavia (Serbia and Montenegro)

May 27, 1999

    On May 30, 1992, by Executive Order 12808, President Bush declared a 
national emergency to deal with the unusual and extraordinary threat to 
the national security, foreign policy, and economy of the United States 
constituted by the actions and policies of the Governments of Serbia and 
Montenegro, blocking all property and interests in property of those 
Governments. President Bush took additional measures to prohibit trade 
and other transactions with the Federal Republic of Yugoslavia (Serbia 
and Montenegro) by Executive Orders 12810 and 12831, issued on June 5, 
1992, and January 15, 1993, respectively. On April 25, 1993, I issued 
Executive Order 12846, blocking the property and interests in property 
of all commercial, industrial, or public utility undertakings or 
entities organized or located in the Federal Republic of Yugoslavia 
(Serbia and Montenegro), and prohibiting trade-related transactions by 
United States persons involving those areas of Bosnia and Herzegovina 
controlled by Bosnian Serb forces and the United Nations Protected Areas 
in the Republic of Croatia. On October 24, 1994, because of the actions 
and policies of the Bosnian Serbs, I expanded the scope of the national 
emergency by issuing Executive Order 12934 to block the property of the 
Bosnian Serb forces and the authorities in the territory that they 
control within Bosnia and Herzegovina, as well as the property of any 
entity organized or located in, or controlled by any person in, or 
resident in, those areas.
    On December 27, 1995, I issued Presidential Determination 96-7, 
directing the Secretary of the Treasury, inter alia, to suspend the 
application of sanctions imposed on the Federal Republic of Yugoslavia 
(Serbia and Montenegro) pursuant to the above-referenced Executive 
orders and to continue to block property previously blocked until 
provision is made to address claims or encumbrances, including the 
claims of the other successor states of the former Yugoslavia. This 
sanctions relief, in conformity with United Nations Security Council 
Resolution 1022 of November 22, 1995 (hereinafter the ``Resolution''), 
was an essential factor motivating Serbia and Montenegro's acceptance of 
the General Framework Agreement for Peace in Bosnia and Herzegovina 
initialed by the parties in Dayton on November 21, 1995, and signed in 
Paris on December 14, 1995 (hereinafter the ``Peace Agreement''). The 
sanctions imposed on the Federal Republic of Yugoslavia (Serbia and 
Montenegro) were

[[Page 995]]

accordingly suspended prospectively, effective January 16, 1996. 
Sanctions imposed on the Bosnian Serb forces and authorities and on the 
territory that they control within Bosnia and Herzegovina were 
subsequently suspended prospectively, effective May 10, 1996, also in 
conformity with the Peace Agreement and the Resolution. Sanctions 
against both the Federal Republic of Yugoslavia (Serbia and Montenegro) 
and the Bosnian Serbs were subsequently terminated by United Nations 
Security Council Resolution 1074 of October 1, 1996. This termination, 
however, did not end the requirement of the Resolution that those 
blocked funds and assets that are subject to claims and encumbrances 
remain blocked, until unblocked in accordance with applicable law. Until 
the status of all remaining blocked property is resolved, the Peace 
Agreement implemented, and the terms of the Resolution met, the national 
emergency declared on May 30, 1992, as expanded in scope on October 25, 
1994, and the measures adopted pursuant thereto to deal with that 
emergency must continue beyond May 30, 1999.
    On June 9, 1998, following attacks and repression directed by the 
government in Belgrade against the people of Kosovo, I issued Executive 
Order 13088, ``Blocking Property of the Governments of the Federal 
Republic of Yugoslavia (Serbia and Montenegro), the Republic of Serbia, 
and the Republic of Montenegro, and Prohibiting New Investment in the 
Republic of Serbia in Response to the Situation in Kosovo.'' Since then, 
the government of President Milosevic has rejected the international 
community's efforts to find a peaceful settlement for the crisis in 
Kosovo and has launched a massive campaign of ethnic cleansing that has 
displaced a large percentage of the population and been accompanied by 
an increasing number of atrocities. In light of President Milosevic's 
brutal assault against the people of Kosovo, his complete disregard for 
the requirements of the international community and the threat his 
actions pose to regional peace and stability, I have determined that it 
is necessary to maintain in force these emergency authorities beyond 
June 9, 1999.
    Therefore, in accordance with section 202(d) of the National 
Emergencies Act (50 U.S.C. 1622(d)), I am continuing the national 
emergency declared on May 30, 1992, as expanded on October 24, 1994, and 
the national emergency declared on June 9, 1998, with respect to the 
Federal Republic of Yugoslavia (Serbia and Montenegro). This notice 
shall be published in the Federal Register and transmitted to the 
Congress.
                                            William J. Clinton
The White House,
May 27, 1999.

[Filed with the Office of the Federal Register, 12:46 p.m., May 27, 
1999]

Note: This notice was published in the Federal Register on May 28.