[Federal Register Volume 88, Number 184 (Monday, September 25, 2023)]
[Rules and Regulations]
[Page 65620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-20713]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 525


Publication of Determination Pursuant to Section 1(a)(i) of 
Executive Order 14014

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of determination.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing a sector determination issued pursuant to 
a February 10, 2021 Executive order. The determination was previously 
issued on OFAC's website.

DATES: The determination pursuant to section (1)(a)(i) of Executive 
Order 14014 was issued on, and took effect on, August 23, 2023.

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: www.treas.gov/ofac.

Background

    On February 10, 2021, the President, invoking the authority of, 
inter alia, the International Emergency Economic Powers Act (50 U.S.C. 
1701 et seq.), issued Executive Order (E.O.) 14014 (86 FR 9429, 
February 12, 2021). Among other prohibitions, section 1(a) of E.O. 
14014 blocks, with certain exceptions, all property and interests in 
property that are in the United States, that come within the United 
States, or that are or come within the possession or control of any 
U.S. person of, any foreign person determined by the Secretary of the 
Treasury, in consultation with the Secretary of State, to operate in 
the defense sector of the Burmese economy or any other sector of the 
Burmese economy as may be determined by the Secretary of the Treasury, 
in consultation with the Secretary of State. On June 1, 2021, OFAC 
issued the Burma Sanctions Regulations to implement E.O. 14014 (86 FR 
29197).
    On August 23, 2023, pursuant to delegated authority, the Director 
of OFAC, in consultation with the Department of State, determined that 
the prohibitions in section 1(a)(i) of E.O. 14014 shall apply to the 
jet fuel sector of the Burmese economy. This determination took effect 
on August 23, 2023. The text of the determination is below.

OFFICE OF FOREIGN ASSETS CONTROL

Determination Pursuant to Section 1(a)(i) of Executive Order 14014

Jet Fuel Sector of the Burmese Economy

    Section 1(a)(i) of Executive Order (E.O.) 14014 of February 10, 
2021 (``Blocking Property With Respect to the Situation in Burma'') 
imposes economic sanctions on any person determined by the Secretary 
of the Treasury, in consultation with the Secretary of State, to 
operate in such sectors of the Burmese economy as may be determined 
by the Secretary of the Treasury, in consultation with the Secretary 
of State.
    To further address the unusual and extraordinary threat to the 
national security and foreign policy of the United States described 
in E.O. 14014, and in consultation with the Department of State and 
pursuant to 31 CFR 525.802, I hereby determine that section 1(a)(i) 
of E.O. 14014 shall apply to the jet fuel sector of the Burmese 
economy. Any person determined, pursuant to section 1(a)(i) of E.O. 
14014, to operate in the jet fuel sector of the Burmese economy 
shall be subject to sanctions pursuant to section 1(a)(i).
    This determination shall take effect on August 23, 2023.

Bradley T. Smith
Deputy Director
Office of Foreign Assets Control

August 23, 2023

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-20713 Filed 9-22-23; 8:45 am]
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