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Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 87

Rule published February 22, 2024 · 89 FR 13269

Document number
FR Doc. 2024-03628
Type
Rule
Published
February 22, 2024
Citation
89 FR 13269 (pages 13,269–13,270)
Action
Publication of a web general license.
Dates
GL 87 was issued on February 8, 2024. 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 87, 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 89, Number 36 (Thursday, February 22, 2024)]
[Rules and Regulations]
[Pages 13269-13270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03628]


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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 License 87

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

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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 87,
which was previously made available on OFAC's website.

DATES: GL 87 was issued on February 8, 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.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On February 8, 2024, OFAC issued GL 87 to authorize certain
transactions otherwise prohibited by the Russian Harmful Foreign
Activities Sanctions Regulations, 31 CFR part 587. GL 87 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. 87

Authorizing Limited Safety and Environmental Transactions Involving
Certain Persons or Vessels Blocked on February 8, 2024

    (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 described in paragraph (b) are authorized
through 12:01 a.m. eastern daylight time, May 8, 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 in port of any vessels in which
any person or entity listed in paragraph (b) of this

[[Page 13270]]

general license has a property interest (``blocked vessels'');
    (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 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) Oil Tankers SCF MGMT FZCO; and
    (2) NS Leader Shipping Incorporated.
    (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 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 in paragraph (b) of this general license, unless
separately authorized.

Lisa M. Palluconi,
Deputy Director, Office of Foreign Assets Control.
    Dated: February 8, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-03628 Filed 2-21-24; 8:45 am]
BILLING CODE 4810-AL-P

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