[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.