[Federal Register Volume 89, Number 243 (Wednesday, December 18, 2024)]
[Rules and Regulations]
[Pages 102742-102744]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29676]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 587
Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General Licenses 53A, 55C, 113, and 114
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing four general licenses (GLs) issued
pursuant to the Russian Harmful Foreign Activities Sanctions
Regulations: GLs 53A, 55C, 113, and 114, each of which was previously
made available on OFAC's website.
DATES: GLs 53A, 55C, 113, and 114 were issued on November 21, 2024. See
SUPPLEMENTARY INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Compliance, 202-622-2490 or
https://ofac.treasury.gov/contact-ofac.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.
Background
On November 21, 2024, OFAC issued GLs 53A, 55C, 113, and 114 to
authorize certain transactions otherwise prohibited by the Russian
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. Each
GL was made available on OFAC's website (https://ofac.treasury.gov)
when it was issued. GL 53A replaced and superseded GL 53. GL 55C
replaced and superseded GL 55B. GL 55C has an expiration date of June
28, 2025; GLs 113 and 114 each have an expiration date of December 20,
2024. The text of these GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 53A
Authorizing Transactions for Diplomatic Missions of the Russian
Federation Involving Gazprombank Joint Stock Company or Prohibited by
Directive 4 Under Executive Order 14024
(a) Except as provided in paragraph (c) of this general license,
U.S. persons are authorized to engage in all transactions ordinarily
incident and necessary to the official business of diplomatic or
consular missions of the Government of the Russian Federation
(``Russian missions'') that are prohibited by Executive Order (E.O.)
14024 and involve Gazprombank Joint Stock Company (Gazprombank), or any
entity in which Gazprombank owns, directly or indirectly, a 50 percent
or greater interest, or are prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation.
(b) Except as provided in paragraph (c) of this general license,
U.S. persons are authorized to engage in all transactions ordinarily
incident and necessary to the compensation of employees of Russian
missions, including payment of salaries and reimbursement of expenses,
that are prohibited by E.O. 14024 and involve Gazprombank, or any
entity in which Gazprombank owns, directly or indirectly, a 50 percent
or greater interest, or are prohibited by Directive 4 under E.O. 14024.
(c) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation, the National
Wealth Fund of the Russian Federation, or the Ministry of Finance of
the Russian Federation; or
[[Page 102743]]
(3) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person blocked pursuant to the
RuHSR, other than blocked persons described in paragraph (a) of this
general license, unless separately authorized.
(c) Effective November 21, 2024, General License No. 53, dated
November 10, 2022, is replaced and superseded in its entirety by this
General License No. 53A.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control
Dated: November 21, 2024
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 55C
Authorizing Certain Services Related to Sakhalin-2
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by the determination of November 21, 2022
made pursuant to section 1(a)(ii) of Executive Order (E.O.) 14071
(``Prohibitions on Certain Services as They Relate to the Maritime
Transport of Crude Oil of Russian Federation Origin'') related to the
maritime transport of crude oil originating from the Sakhalin-2 project
(``Sakhalin-2 byproduct'') are authorized through 12:01 a.m. eastern
daylight time, June 28, 2025, provided that the Sakalin-2 byproduct is
solely for importation into Japan.
(b) Except as provided in paragraph (c) of this general license,
all transactions prohibited by E.O. 14024 involving Gazprombank Joint
Stock Company (Gazprombank) or any entity in which Gazprombank owns,
directly or indirectly, a 50 percent or greater interest, that are
related to the Sakhalin-2 project, including such transactions
involving Sakhalin Energy LLC, are authorized through 12:01 a.m.
eastern daylight time, June 28, 2025.
(c) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation; or
(3) Any transactions otherwise prohibited by the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR),
including transactions involving any person blocked pursuant to the
RuHSR, other than the blocked persons described in paragraph (b),
unless separately authorized.
(d) Effective November 21, 2024, General License No. 55B, dated
June 26, 2024, is replaced and superseded in its entirety by this
General License No. 55C.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control
Dated: November 21, 2024
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 113
Authorizing the Wind Down of Transactions Involving Certain Financial
Institutions Blocked on November 21, 2024
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to the wind down of transactions
involving the blocked persons listed in the Annex to this general
license, and any entity in which those blocked persons own, directly or
indirectly, individually or in the aggregate, a 50 percent or greater
interest, are authorized through 12:01 a.m. eastern standard time,
December 20, 2024, provided that any payment to a blocked person is
made into a blocked account in accordance with the Russian Harmful
Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(b) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any debit to an account on the books of a U.S. financial
institution of the Central Bank of the Russian Federation, the National
Wealth Fund of the Russian Federation, or the Ministry of Finance of
the Russian Federation; or
(3) Any transactions otherwise prohibited by the RuHSR, including
transactions involving any person blocked pursuant to the RuHSR other
than the blocked persons described in paragraph (a) of this general
license, unless separately authorized.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control
Dated: November 21, 2024
Annex--Blocked Persons Described in Paragraph (a) of General License
113
List of Blocked Persons Described in Paragraph (a) of General
License 113 as of November 21, 2024:
(a) Aktsionernoe Obshchestvo Bank Agroros
(b) Bank Iturup LLC
(c) BBR Bank Joint Stock Company
(d) BCS Bank AO
(e) Bratsky Narodny Bank JSC
(f) Centrocredit Bank
(g) Commercial Bank Energotransbank Joint Stock Company
(h) Commercial Bank Khlynov Joint Stock Company
(i) Commercial Bank Kremlyovskiy
(j) Commercial Joint Stock Bank Viking
(k) Corporate Finance Bank LLC
(l) Fora Bank Joint Stock Commercial Bank
(m) Garant Invest Bank Joint Stock
(n) Gazprombank Joint Stock Company
(o) Interstate Bank
(p) Joint Stock Commercial Bank National Reserve Bank Joint Stock
Company
(q) Joint Stock Commercial Bank Slavia Joint Stock Company
(r) Joint Stock Commercial Mortgage Bank Akibank Public Joint Stock
Company
(s) Joint Stock Company Auto Finance Bank
(t) Joint Stock Company Bank Accept
(u) Joint Stock Company Bank Dom RF
(v) Joint Stock Company Bank Finservice
(w) Joint Stock Company Bank United Capital
(x) Joint Stock Company Coalmetbank
(y) Joint Stock Company Commercial Bank Ural FD
(z) Joint Stock Company Guta Bank
(aa) Joint Stock Company NS Bank
(bb) Joint Stock Company Public Trust Bank
(cc) Joint Stock Company Royal Credit Bank
(dd) Joint Stock Company Severgazbank
(ee) Joint Stock Investment Commercial Bank Eniseisk United Bank
(ff) JSC Exi Bank
(gg) JSCB Energobank
(hh) Kamsky Commercial Bank
(ii) Limited Liability Company Bank Orange
(jj) Limited Liability Company Bank Round
[[Page 102744]]
(kk) Limited Liability Company Krona Bank
(ll) National Standard Bank Joint Stock Company
(mm) New Moscow Bank
(nn) NK Bank Joint Stock Company
(oo) Primorsky Territorial Commercial Bank Society with Limited
Liability
(pp) Public Joint Stock Commercial Bank Derzhava
(qq) Public Joint Stock Company Bank Alexandrovsky
(rr) Public Joint Stock Company Bank Sinara
(ss) Public Joint Stock Company Finstar Bank
(tt) Public Joint Stock Company Metkombank
(uu) Public Joint Stock Company National Bank Trust
(vv) Public Joint Stock Social Commercial Bank of Primorye Primsotsbank
(ww) Rossita Bank
(xx) Russian Public Joint Stock Commercial Roads Bank
(yy) Russian Universal Bank
(zz) Vitabank PJSC
(aaa) Waybank JSC
OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part
587
GENERAL LICENSE NO. 114
Authorizing Certain Transactions Related to Debt or Equity of, or
Derivative Contracts Involving, Certain Entities Blocked on November
21, 2024
(a) Except as provided in paragraphs (d) and (e) of this general
license, all transactions prohibited by Executive Order (E.O.) 14024
that are ordinarily incident and necessary to the divestment or
transfer, or the facilitation of the divestment or transfer, of debt or
equity issued or guaranteed by the following blocked entities
(``Covered Debt or Equity'') to a non-U.S. person are authorized
through 12:01 a.m. eastern standard time, December 20, 2024:
(1) Gazprombank Joint Stock Company;
(2) Interstate Bank; or
(3) Any entity in which one or more of the above persons own,
directly or indirectly, individually or in the aggregate, a 50 percent
or greater interest.
(b) Except as provided in paragraph (e) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to facilitating, clearing, and settling trades of Covered
Debt or Equity that were placed prior to 4:00 p.m. eastern standard
time, November 21, 2024 are authorized through 12:01 a.m. eastern
standard time, December 20, 2024.
(c) Except as provided in paragraph (e) of this general license,
all transactions prohibited by E.O. 14024 that are ordinarily incident
and necessary to the wind down of derivative contracts entered into
prior to 4:00 p.m. eastern standard time, November 21, 2024 that (i)
include a blocked person described in paragraph (a) of this general
license as a counterparty or (ii) are linked to Covered Debt or Equity
are authorized through 12:01 a.m. eastern standard time, December 20,
2024, provided that any payments to a blocked person are made into a
blocked account in accordance with the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).
(d) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, Covered
Debt or Equity to, directly or indirectly, any person whose property
and interests in property are blocked; or
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, Covered Debt or
Equity, other than purchases of or investments in Covered Debt or
Equity ordinarily incident and necessary to the divestment or transfer
of Covered Debt or Equity as described in paragraph (a) of this general
license.
(e) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
Prohibitions Related to Correspondent or Payable-Through Accounts and
Processing of Transactions Involving Certain Foreign Financial
Institutions;
(2) Any transactions prohibited by Directive 4 under E.O. 14024,
Prohibitions Related to Transactions Involving the Central Bank of the
Russian Federation, the National Wealth Fund of the Russian Federation,
and the Ministry of Finance of the Russian Federation; or
(3) Any transactions otherwise prohibited by the RuHSR, including
transactions involving any person blocked pursuant to the RuHSR other
than the blocked persons described in paragraph (a) of this general
license, unless separately authorized.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control
Dated: November 21, 2024
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-29676 Filed 12-17-24; 8:45 am]
BILLING CODE 4810-AL-P