Publication of Western Balkans Stabilization Regulations Web General Licenses 2 and 3
Rule published March 7, 2024 · 89 FR 16452
- Document number
- FR Doc. 2024-04856
- Type
- Rule
- Published
- March 7, 2024
- Citation
- 89 FR 16452 (page 16,452)
- Action
- Publication of Web General Licenses.
- Dates
- GL 2 and GL 3 were issued on November 16, 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 two general licenses (GLs) issued pursuant to the Western Balkans Stabilization Regulations: GLs 2 and 3, each of which was previously made available on OFAC's website.
Regulations cited
- 31 CFR part 588 (today: Western Balkans Stabilization Regulations) · Other documents citing it · eCFR as of March 7, 2024
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
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 46 (Thursday, March 7, 2024)]
[Rules and Regulations]
[Page 16452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04856]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 588
Publication of Western Balkans Stabilization Regulations Web
General Licenses 2 and 3
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of Web General Licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing two general licenses (GLs) issued pursuant
to the Western Balkans Stabilization Regulations: GLs 2 and 3, each of
which was previously made available on OFAC's website.
DATES: GL 2 and GL 3 were issued on November 16, 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 November 16, 2023, OFAC issued GLs 2 and 3 to authorize certain
transactions otherwise prohibited by the Western Balkans Stabilization
Regulations, 31 CFR part 588. Each GL was made available on OFAC's
website (https://ofac.treasury.gov) when it was issued. GL 2 has an
expiration date of March 15, 2024. The text of these GLs is provided
below.
OFFICE OF FOREIGN ASSETS CONTROL
Western Balkans Stabilization Regulations
31 CFR Part 588
GENERAL LICENSE NO. 2
Authorizing the Wind Down of Transactions Involving Orka Holding AD
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Western Balkans Stabilization
Regulations (WBSR), 31 CFR part 588, that are ordinarily incident
and necessary to the wind down of any transaction involving Orka
Holding AD, or any entity in which Orka Holding AD owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
12:01 a.m. eastern daylight time, March 15, 2024, provided that any
payment to a blocked person is made into a blocked account in
accordance with the WBSR.
(b) This general license does not authorize any transactions
otherwise prohibited by the WBSR, including transactions involving
any person blocked pursuant to the WBSR other than the blocked
persons described in paragraph (a) of this general license, unless
separately authorized.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 16, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Western Balkans Stabilization Regulations
31 CFR part 588
GENERAL LICENSE NO. 3
Authorizing Certain Transactions Related to Agricultural Commodities,
Medicine, Medical Devices, Replacement Parts and Components, Software
Updates, or Medical Prevention, Diagnosis, or Treatment, or Clinical
Trials Involving Orka Holding AD
(a) Except as provided in paragraph (c) of this general license,
all transactions prohibited by the Western Balkans Stabilization
Regulations (WBSR), 31 CFR part 588, involving Orka Holding AD, or
any entity in which Orka Holding AD owns, directly or indirectly,
individually or in the aggregate, a 50 percent or greater interest,
related to the following are authorized: (1) the production,
manufacturing, sale, transport, or provision of agricultural
commodities, agricultural equipment, medicine, medical devices,
replacement parts and components for medical devices, or software
updates for medical devices; (2) the prevention, diagnosis, or
treatment of any disease or medical condition; or (3) the conducting
of clinical trials or other medical research.
(b) For the purposes of this general license, agricultural
commodities, medicine, and medical devices are defined as follows:
(1) Agricultural commodities. Agricultural commodities are
products that fall within the term ``agricultural commodity'' as
defined in section 102 of the Agricultural Trade Act of 1978 (7
U.S.C. 5602) and are intended for use as:
(i) Food for humans (including raw, processed, and packaged
foods; live animals; vitamins and minerals; food additives or
supplements; and bottled drinking water) or animals (including
animal feeds);
(ii) Seeds for food crops;
(iii) Fertilizers or organic fertilizers; or
(iv) Reproductive materials (such as live animals, fertilized
eggs, embryos, and semen) for the production of food animals.
(2) Medicine. Medicine is an item that falls within the
definition of the term ``drug'' in section 201 of the Federal Food,
Drug, and Cosmetic Act (21 U.S.C. 321).
(3) Medical devices. A medical device is an item that falls
within the definition of ``device'' in section 201 of the Federal
Food, Drug, and Cosmetic Act (21 U.S.C. 321).
(c) This general license does not authorize any transactions
otherwise prohibited by the WBSR, including transactions involving
any person blocked pursuant to the WBSR other than the blocked
persons described in paragraph (a) of this general license, unless
separately authorized.
Note to General License No. 3. Nothing in this general license
relieves any person from compliance with any other Federal laws or
requirements of other Federal agencies.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 16, 2023.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-04856 Filed 3-6-24; 8:45 am]
BILLING CODE 4810-AL-P