Bulwark
Sign inRequest access

Publication of Russian Harmful Foreign Activities Sanctions Regulations Determinations

Rule published June 6, 2024 · 89 FR 48324

Document number
FR Doc. 2024-12372
Type
Rule
Published
June 6, 2024
Citation
89 FR 48324 (pages 48,324–48,325)
Action
Publication of two determinations.
Dates
The determination pursuant to Executive Order 14068, as amended, and the determination pursuant to Executive Order 14071 were issued on April 12, 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 determination issued pursuant to a March 11, 2022 Executive Order, as amended on December 22, 2023, and one determination issued pursuant to an April 6, 2022 Executive Order. The determinations were previously issued 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 110 (Thursday, June 6, 2024)]
[Rules and Regulations]
[Pages 48324-48325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12372]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 587


Publication of Russian Harmful Foreign Activities Sanctions
Regulations Determinations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of two determinations.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing one determination issued pursuant to a
March 11, 2022 Executive Order, as amended on December 22, 2023, and
one determination issued pursuant to an April 6, 2022 Executive Order.
The determinations were previously issued on OFAC's website.

DATES: The determination pursuant to Executive Order 14068, as amended,
and the determination pursuant to Executive Order 14071 were issued on
April 12, 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 March 11, 2022, the President, invoking the authority of, inter
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701
et seq.) (IEEPA), issued Executive Order (E.O.) 14068, ``Prohibiting
Certain Imports, Exports, and New Investment With Respect to Continued
Russian Federation Aggression'' (87 FR 14381, March 15, 2022). Among
other prohibitions, E.O. 14068 section 1(a)(i) prohibits the
importation into the United States of the following products of Russian
Federation origin: fish, seafood, and preparations thereof; alcoholic
beverages; non-industrial diamonds; and any other products of Russian
Federation origin as may be determined by the Secretary of the
Treasury, in consultation with the Secretary of State and the Secretary
of Commerce.

[[Page 48325]]

    On December 22, 2023, the President, invoking the authority of,
inter alia, IEEPA, issued E.O. 14114, ``Taking Additional Steps With
Respect to the Russian Federation's Harmful Activities'' (88 FR 89271,
December 26, 2023). Among other things, E.O. 14114 amends E.O.14068 by
striking paragraph (a)(i) of section 1 and inserting, in lieu thereof,
new language in subsections (a)(i)(A) through (D).
    Section 1(a)(i)(A) of E.O. 14068 as amended prohibits the
importation and entry into the United States, including importation for
admission into a foreign trade zone located in the United States, of
the following products of Russian Federation origin: fish, seafood, and
preparations thereof; alcoholic beverages; non-industrial diamonds; and
any other products of Russian Federation origin, as may be determined
by the Secretary of the Treasury, in consultation with the Secretary of
State and the Secretary of Commerce.
    On April 6, 2022, the President, invoking the authority of, inter
alia, IEEPA, issued E.O. 14071 of April 6, 2022, ``Prohibiting New
Investment in and Certain Services to the Russian Federation in
Response to Continued Russian Federation Aggression'' (87 FR 20999,
April 8, 2022). Among other prohibitions, section 1(a)(ii) of E.O.
14071 prohibits the exportation, reexportation, sale, or supply,
directly or indirectly, from the United States, or by a United States
person, wherever located, of any category of services as may be
determined by the Secretary of the Treasury, in consultation with the
Secretary of State, to any person located in the Russian Federation.

Determination Pursuant to Section 1(a)(i)(A) of E.O. 14068

    On April 12, 2024, pursuant to delegated authority, the Director of
OFAC, in consultation with the Department of State and the Department
of Commerce, issued ``Determination Pursuant to Section 1(a)(i)(A) of
Executive Order 14068,'' which determined that the prohibitions in
section 1(a)(i)(A) of E.O. 14068 as amended shall apply to aluminum,
copper, and nickel of Russian Federation origin.

Determination Pursuant to Section 1(a)(ii) of E.O. 14071

    Also on April 12, 2024, pursuant to delegated authority, the
Director of OFAC in consultation with the Department of State issued
``Determination Pursuant to Sections 1(a)(ii) of Executive Order
14071,'' which determined that the prohibitions in section 1(a)(ii) of
E.O. 14071 shall apply to the following categories of services:
warranting services for aluminum, copper, or nickel of Russian
Federation origin on a global metal exchange; and services to acquire
aluminum, copper, or nickel of Russian Federation origin as part of
physical settlement of a derivative contract (collectively, ``Covered
Metals Acquisition Services'').
    Each determination was made available on OFAC's website (https://ofac.treasury.gov) when it was issued. The text of these determinations
is below.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(i)(A) of Executive Order 14068

Prohibitions Related to Imports of Aluminum, Copper, and Nickel of
Russian Federation Origin

    Pursuant to sections 1(a)(i)(A), 1(b), and 5 of Executive Order
(E.O.) 14068 of March 11, 2022 (``Prohibiting Certain Imports,
Exports, and New Investment With Respect to Continued Russian
Federation Aggression''), as amended by E.O. 14114 of December 22,
2023 (``Taking Additional Steps With Respect to the Russian
Federation's Harmful Activities''), and 31 CFR 587.802, and in
consultation with the Department of State and the Department of
Commerce, I hereby determine that the prohibitions in section
1(a)(i)(A) of E.O. 14068 shall apply to aluminum, copper, and nickel
of Russian Federation origin.
    As a result, the importation and entry into the United States,
including importation for admission into a foreign trade zone
located in the United States, of aluminum, copper, and nickel of
Russian Federation origin is prohibited, except to the extent
provided by law, or unless licensed or otherwise authorized by the
Office of Foreign Assets Control.
    This determination excludes aluminum, copper, and nickel of
Russian Federation origin that was produced prior to April 13, 2024.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    April 12, 2024.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(ii) of Executive Order 14071

Prohibitions on Certain Services for the Acquisition of Aluminum,
Copper, or Nickel of Russian Federation Origin

    Pursuant to sections 1(a)(ii), 1(b), and 5 of Executive Order
(E.O.) 14071 of April 6, 2022 (``Prohibiting New Investment in and
Certain Services to the Russian Federation in Response to Continued
Russian Federation Aggression'') and 31 CFR 587.802, and in
consultation with the Department of State, I hereby determine that
the prohibitions in section 1(a)(ii) of E.O. 14071 shall apply to
the following categories of services: warranting services for
aluminum, copper, or nickel of Russian Federation origin on a global
metal exchange; and services to acquire aluminum, copper, or nickel
of Russian Federation origin as part of physical settlement of a
derivative contract (collectively, ``Covered Metals Acquisition
Services'').
    As a result, the following activities are prohibited, except to
the extent provided by law, or unless licensed or otherwise
authorized by the Office of Foreign Assets Control:
    The exportation, reexportation, sale, or supply, directly or
indirectly, from the United States, or by a United States person,
wherever located, of any of the Covered Metals Acquisition Services
to any person located in the Russian Federation.
    This determination excludes Covered Metals Acquisition Services
related to aluminum, copper, or nickel that was produced prior to
April 13, 2024.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    April 12, 2024.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-12372 Filed 6-5-24; 8:45 am]
BILLING CODE 4810-AL-P

Search all of OFAC's Federal Register documents