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Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 76A

89 Fed. Reg. 80742 (Oct. 4, 2024)

Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 76A

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Federal RegisterOct 4, 2024
89 Fed. Reg. 80742 (Oct. 4, 2024)
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    Department of the Treasury Office of Foreign Assets Control
  • 31 CFR Part 587

    • AGENCY:

    Office of Foreign Assets Control, Treasury.

    ACTION:

    Publication of a web general license.

    SUMMARY:

    The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 76A, which was previously made available on OFAC's website.

    DATES:

    GL 76A was issued on November 8, 2023. 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 8, 2023, OFAC issued GL 76A to clarify that GL 76, which was issued on November 2, 2023, applies to Public Joint Stock Company Saint Petersburg Exchange. Like GL 76, GL 76A has an expiration date of January 31, 2024. GL 76A was made available on OFAC's website ( https://ofac.treasury.gov ) when it was issued. The text of this GL is provided below.

    OFFICE OF FOREIGN ASSETS CONTROL

    Russian Harmful Foreign Activities Sanctions Regulations

    31 CFR Part 587

    GENERAL LICENSE NO. 76A

    Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on November 2, 2023

    (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 any transaction involving one or more of the following blocked entities (collectively, the “Blocked Entities”) are authorized through 12:01 a.m. eastern standard time, January 31, 2024, provided that any payment to a Blocked Entity is made into a blocked account in accordance with the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):

    (1) Sistema Public Joint Stock Financial Corporation;

    (2) Public Joint Stock Company Saint Petersburg Exchange;

    (3) Limited Liability Company Arctic LNG 2; or

    (4) 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) 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 Entities described in paragraph (a) of this general license, unless separately authorized.

    (c) Effective November 8, 2023, General License No. 76, dated November 2, 2023, is replaced and superseded in its entirety by this General License No. 76A.

    Bradley T. Smith,

    Director, Office of Foreign Assets Control.

    Dated: November 8, 2023.

    Lisa M. Palluconi,

    Acting Director, Office of Foreign Assets Control.

    [FR Doc. 2024-22936 Filed 10-3-24; 8:45 am]

    BILLING CODE 4810-AL-P