    [Weekly Compilation of Presidential Documents Volume 37, Number 21 (Monday, May 28, 2001)]
    [Pages 801-802]
    [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) the Bosnian Serbs, and Kosovo

    May 24, 2001

        In accordance with section 202(d) of the National Emergencies Act
    (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency
    declared on May 30, 1992, with respect to the Federal Republic of
    Yugoslavia (Serbia and Montenegro) (the ``FRY (S&M)''), as expanded on
    October 25, 1994, in response to the actions and policies of the Bosnian
    Serbs. In addition, I am continuing for 1 year the national emergency
    declared on June 9, 1998, with respect to the FRY (S&M)'s policies and
    actions in Kosovo. This notice shall be published in the Federal
    Register and transmitted to the Congress.
        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 FRY (S&M) by Executive Orders 12810 and
    12831, issued on June 5, 1992, and January 15, 1993, respectively, and
    on April 25, 1993, President Clinton issued Executive Order 12846
    imposing additional measures.
        On October 25, 1994, President Clinton expanded the scope of the
    national emergency by issuing Executive Order 12934 to address the
    unusual and extraordinary threat to the national security, foreign
    policy, and economy of the United States posed by the actions and
    policies of the Bosnian Serb forces and the authorities in the territory
    that they controlled within Bosnia and Herzegovina.
        On December 27, 1995, President Clinton issued Presidential
    Determination 96-7, directing the Secretary of the Treasury, inter alia,
    to suspend the application of sanctions imposed on the FRY (S&M)
    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 the FRY (S&M)'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 FRY
    (S&M) were accordingly suspended prospectively, effective January 16,
    1996. Sanctions imposed on the Bosnian Serb forces and authorities and
    on the territory that they controlled 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 FRY (S&M) 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

    [[Page 802]]

    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, 2001.
        On June 9, 1998, by Executive Order 13088, President Clinton found
    that the actions and policies of the FRY (S&M) and the Republic of
    Serbia with respect to Kosovo, by promoting ethnic conflict and human
    suffering, threatened to destabilize countries in the region and to
    disrupt progress in Bosnia and Herzegovina in implementing the Peace
    Agreement, constituted an unusual and extraordinary threat to the
    national security and foreign policy of the United States. President
    Clinton therefore declared a national emergency to deal with that
    threat. On April 30, 1999, President Clinton issued Executive Order
    13121 to take additional steps with respect to the continuing human
    rights and humanitarian crisis in Kosovo and the national emergency
    declared with respect to Kosovo.
        On January 17, 2001, President Clinton issued Executive Order 13192
    in view of the peaceful democratic transition begun in the FRY (S&M);
    the continuing need to promote full implementation of United Nations
    Security Council Resolution 827 of May 25, 1993, and subsequent
    resolutions calling for all states to cooperate fully with the
    International Criminal Tribunal for the former Yugoslavia (ICTY); the
    illegitimate control over FRY (S&M) political institutions and economic
    resources or enterprises exercised by former President Slobodan
    Milosevic, his close associates and other persons, and those
    individuals' capacity to repress democracy or perpetrate or promote
    further human rights abuses; and the continuing threat to regional
    stability and implementation of the Peace Agreement. Executive Order
    13192 amends Executive Order 13088 to lift and modify, with respect to
    future transactions, most of the economic sanctions imposed against the
    FRY (S&M). At the same time, Executive Order 13192 imposes restrictions
    on transactions with certain persons described in section 1(a) of the
    order, namely Slobodan Milosevic, his close associates and supporters
    and persons under open indictment for war crimes by the ICTY. The
    Executive Order also provides for the continued blocking of property or
    interests in property blocked prior to the order's effective date due to
    the need to address claims or encumbrances involving such property.
        Because the crisis with respect to the situation in Kosovo and with
    respect to Slobodan Milosevic, his close associates and supporters and
    persons under open indictment for war crimes by ICTY has not been
    resolved, and because the status of all previously blocked property has
    yet to be resolved, I have determined that the national emergency
    declared on June 9, 1998, and the measures adopted pursuant thereto to
    deal with that emergency, must continue beyond June 9, 2001.
                                                    George W. Bush
     The White House,
     May 24, 2001.

     [Filed with the Office of the Federal Register, 12:18 p.m., May 24,
    2001]

    Note: This notice was published in the Federal Register on May 25.