[Weekly Compilation of Presidential Documents Volume 38, Number 22 (Monday, June 3, 2002)]
[Pages 931-932]
[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, 2002

    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. Under this emergency, President Bush first blocked all 
property and interests in property of the Governments of the FRY (S&M), 
Serbia, and Montenegro and subsequently prohibited trade and other 
transactions with the FRY (S&M).
    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, was an essential factor motivating the FRY (S&M)'s acceptance of a 
peace agreement initialed by the parties in Dayton on November 21, 1995, 
and signed in Paris on December 14, 1995 (hereinafter the ``Peace 
Agreement''). Sanctions against both the FRY (S&M) and the Bosnian Serb 
forces were terminated in conjunction with United Nations Security 
Council Resolution 1074 of October 1, 1996. This termination, however, 
did not end a requirement that those blocked funds and assets that are 
subject to claims or 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 United Nations 
Security Council Resolution 1022 met, the national emergency declared on 
May 30, 1992, and the measures adopted pursuant thereto to deal with 
that emergency, must continue beyond May 30, 2002.
    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, 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 January 17, 2001, President Clinton issued Executive Order 13192 
amending 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 persons under open indictment for war crimes by the 
International Criminal Tribunal for the Former Yugoslavia (ICTY). It 
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

[[Page 932]]

and persons under open indictment for war crimes by the 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, 2002.
                                                George W. Bush
 The White House,
 May 27, 2002.

 [Filed with the Office of the Federal Register, 11:44 a.m., May 28, 
2002]

Note: This notice was released by the Office of the Press Secretary on 
May 29, and it was published in the Federal Register on May 29.