Bulwark
Sign inRequest access

Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 78

Rule published December 28, 2023 · 88 FR 89574

Document number
FR Doc. 2023-28670
Type
Rule
Published
December 28, 2023
Citation
88 FR 89574 (page 89,574)
Action
Publication of a web general license.
Dates
GL 78 was issued on December 1, 2023. See SUPPLEMENTARY INFORMATION for additional relevant dates.
Official sources
PDF (govinfo.gov) · federalregister.gov

Summary

The Federal Register's summaryThe 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 78, which was previously made available on OFAC's website.

Regulations cited

OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.

Executive orders cited

Text

As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.

[Federal Register Volume 88, Number 248 (Thursday, December 28, 2023)]
[Rules and Regulations]
[Page 89574]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28670]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 587


Publication of Russian Harmful Foreign Activities Sanctions
Regulations Web General License 78

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 78,
which was previously made available on OFAC's website.

DATES: GL 78 was issued on December 1, 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.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov.

Background

    On December 1, 2023, OFAC issued GL 78 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. GL 78 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. 78

Authorizing Limited Safety and Environmental Transactions Involving
Certain Persons or Vessels Blocked on December 1, 2023

    (a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by Executive Order (E.O.) 14024 that are
ordinarily incident and necessary to one of the following activities
involving the blocked persons or vessels described in paragraph (b)
are authorized through 12:01 a.m. eastern standard time, February
29, 2024, provided that any payment to a blocked person must be made
into a blocked account in accordance with the Russian Harmful
Foreign Activities Sanctions Regulations (RuHSR):
    (1) The safe docking and anchoring of any of the blocked vessels
listed in paragraph (b) of this general license (``blocked
vessels'') in port;
    (2) The preservation of the health or safety of the crew of any
of the blocked vessels; or
    (3) Emergency repairs of any of the blocked vessels or
environmental mitigation or protection activities relating to any of
the blocked vessels.
    (b) The authorization in paragraph (a) of this general license
applies to the following blocked persons and vessels listed on the
Office of Foreign Assets Control's Specially Designated Nationals
and Blocked Persons List and any entity in which any of the
following persons own, directly or indirectly, individually or in
the aggregate, a 50 percent or greater interest:
    (1) Sterling Shipping Incorporated (registered owner of NS
Champion; IMO 9299719);
    (2) Streymoy Shipping Limited (registered owner of Viktor
Bakaev, IMO 9610810); and
    (3) HS Atlantica Limited (registered owner of HS Atlantica, IMO
9322839).
    (c) This general license does not authorize:
    (1) The entry into any new commercial contracts involving the
property or interests in property of any blocked persons, including
the blocked entities and vessels described in paragraph (b) of this
general license, except as authorized by paragraph (a);
    (2) The offloading of any cargo onboard any of the blocked
vessels, including the offloading of crude oil or petroleum products
of Russian Federation origin, except for the offloading of cargo
that is ordinarily incident and necessary to address vessel
emergencies authorized pursuant to paragraph (a) of this general
license;
    (3) Any transactions related to the sale of crude oil or
petroleum products of Russian Federation origin;
    (4) 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;
    (5) 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
    (6) Any transactions otherwise prohibited by the RuHSR,
including transactions involving the property or interests in
property of any person blocked pursuant to the RuHSR, other than
transactions involving the blocked persons or vessels in paragraph
(b) of this general license, unless separately authorized.

Gregory T. Gatjanis,
Associate Director, Office of Foreign Assets Control.

    Dated: December 1, 2023.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-28670 Filed 12-27-23; 8:45 am]
BILLING CODE 4810-AL-P

Search all of OFAC's Federal Register documents