[Federal Register Volume 89, Number 193 (Friday, October 4, 2024)]
[Rules and Regulations]
[Page 80742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22936]


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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 76A

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 
76A, which was previously made available on OFAC's website.

DATES: GL 76A was issued on November 8, 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 or 
https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On November 8, 2023, OFAC issued GL 76A to clarify that GL 76, 
which was issued on November 2, 2023, applies to Public Joint Stock 
Company Saint Petersburg Exchange. Like GL 76, GL 76A has an expiration 
date of January 31, 2024. GL 76A 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. 76A

Authorizing the Wind Down of Transactions Involving Certain Entities 
Blocked on November 2, 2023

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by Executive Order (E.O.) 14024 that are 
ordinarily incident and necessary to the wind down of any transaction 
involving one or more of the following blocked entities (collectively, 
the ``Blocked Entities'') are authorized through 12:01 a.m. eastern 
standard time, January 31, 2024, provided that any payment to a Blocked 
Entity is made into a blocked account in accordance with the Russian 
Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 
(RuHSR):
    (1) Sistema Public Joint Stock Financial Corporation;
    (2) Public Joint Stock Company Saint Petersburg Exchange;
    (3) Limited Liability Company Arctic LNG 2; or
    (4) Any entity in which one or more of the above persons own, 
directly or indirectly, individually or in the aggregate, a 50 percent 
or greater interest.
    (b) This general license does not authorize:
    (1) 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;
    (2) 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
    (3) Any transactions otherwise prohibited by the RuHSR, including 
transactions involving any person blocked pursuant to the RuHSR other 
than the Blocked Entities described in paragraph (a) of this general 
license, unless separately authorized.
    (c) Effective November 8, 2023, General License No. 76, dated 
November 2, 2023, is replaced and superseded in its entirety by this 
General License No. 76A.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: November 8, 2023.

Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-22936 Filed 10-3-24; 8:45 am]
BILLING CODE 4810-AL-P