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###### Department of the Treasury

###### Office of Foreign Assets Control

          - 31 CFR Part 587

# 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 five general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 8K, 25G, 110, 111, and 112, each of which was previously made available on OFAC's website.

# DATES:

                        GLs 8K, 25G, 110, 111, and 112 were issued on October 30, 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 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 October 30, 2024, OFAC issued GLs 8K, 25G, 110, 111, and 112 to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. Each GL was made available on OFAC's website (                    *https://ofac.treasury.gov*) when it was issued. GL 8K replaced and superseded GL 8J. GL 25G replaced and superseded GL 25F. The text of these GL is provided below.                

## OFFICE OF FOREIGN ASSETS CONTROL

## Russian Harmful Foreign Activities Sanctions Regulations

## 31 CFR Part 587

## GENERAL LICENSE NO. 8K

## Authorizing Transactions Related to Energy

(a) Except as provided in paragraph (c) of this general license, all transactions prohibited by Executive Order (E.O.) 14024 involving one or more of the following entities that are related to energy are authorized, through 12:01 a.m. eastern daylight time, April 30, 2025:

(1) State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank;

(2) Public Joint Stock Company Bank Financial Corporation Otkritie;

(3) Sovcombank Open Joint Stock Company;

(4) Public Joint Stock Company Sberbank of Russia;

(5) VTB Bank Public Joint Stock Company;

                        (6) Joint Stock Company Alfa-Bank;                              ( print page 89927)    

(7) Public Joint Stock Company Rosbank;

(8) Bank Zenit Public Joint Stock Company;

(9) Bank Saint-Petersburg Public Joint Stock Company;

(10) National Clearing Center (NCC);

(11) 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; or

(12) the Central Bank of the Russian Federation.

(b) For the purposes of this general license, the term “related to energy” means the extraction, production, refinement, liquefaction, gasification, regasification, conversion, enrichment, fabrication, transport, or purchase of petroleum, including crude oil, lease condensates, unfinished oils, natural gas liquids, petroleum products, natural gas, or other products capable of producing energy, such as coal, wood, or agricultural products used to manufacture biofuels, or uranium in any form, as well as the development, production, generation, transmission, or exchange of power, through any means, including nuclear, thermal, and renewable energy sources.

(c) This general license does not authorize:

                        (1) Any transactions prohibited by Directive 1A under E.O. 14024,                         *Prohibitions Related to Certain Sovereign Debt of the Russian Federation;*

                        (2) The opening or maintaining of a correspondent account or payable-through account for or on behalf of any entity subject to Directive 2 under E.O. 14024,                         *Prohibitions Related to Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain Foreign Financial Institutions;*

(3) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation; or

(4) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

(d) Effective October 30, 2024, General License No. 8J, dated June 12, 2024, is replaced and superseded in its entirety by this General License No. 8K.

# Note to General License No. 8K.

This authorization is valid until April 30, 2025, unless renewed.

Lisa M. Palluconi,

*Acting Director, Office of Foreign Assets Control.*

Dated: October 30, 2024.

## OFFICE OF FOREIGN ASSETS CONTROL

## Russian Harmful Foreign Activities Sanctions Regulations

## 31 CFR Part 587

## GENERAL LICENSE NO. 25G

## Authorizing Transactions Related to Telecommunications and Certain Internet-Based Communications

(a) Except as provided in paragraph (d) of this general license, all transactions ordinarily incident and necessary to the receipt or transmission of telecommunications involving the Russian Federation that are prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), are authorized.

(b) Except as provided in paragraph (d) of this general license, the exportation or reexportation, sale, or supply, directly or indirectly, from the United States or by U.S. persons, wherever located, to the Russian Federation of services incident to the exchange of communications over the internet, such as instant messaging, chat and email, social networking, sharing of photos and movies, web browsing, blogging, social media platforms, collaboration platforms, video conferencing, e-gaming, e-learning platforms, automated translation, web maps, user authentication services, web hosting, and domain name registration services, that is prohibited by the RuHSR, is authorized.

(c) Except as provided in paragraph (d) of this general license, the exportation or reexportation, sale, or supply, directly or indirectly, from the United States or by U.S. persons, to the Russian Federation of software, hardware, or technology incident to the exchange of communications over the internet is authorized, provided that:

(1) If the software, hardware, or technology is subject to the Export Administration Regulations, 15 CFR parts 730 through 774 (EAR), the exportation, reexportation, sale, or supply to the Russian Federation of such software, hardware, or technology is licensed or otherwise authorized by the Department of Commerce pursuant to the EAR; and

(2) If the software, hardware, or technology is not subject to the EAR, the exportation, reexportation, sale, or supply to the Russian Federation of such software, hardware, or technology would be eligible for a license exception or otherwise authorized by the Department of Commerce if it were subject to the EAR.

(d) This general license does not authorize:

                        (1) The opening or maintaining of a correspondent account or payable-through account for or on behalf of any entity subject to Directive 2 under Executive Order (E.O.) 14024,                         *Prohibitions Related to Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain Foreign Financial Institutions;*

(2) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation;

(3) Any transactions prohibited by E.O. 14066 or E.O. 14068; or

(4) Any transactions prohibited by the RuHSR involving one or more of the following entities, unless separately authorized:

(i) Joint Stock Company Channel One Russia;

(ii) Joint Stock Company NTV Broadcasting Company;

(iii) Television Station Russia-1;

(iv) Limited Liability Company Algoritm;

(v) New Eastern Outlook;

(vi) Oriental Review;

(vii) Garantex Europe OU;

(viii) Autonomous Non-Profit Organization Dialog;

(ix) Autonomous Non-Profit Organization Dialog Regions;

(x) Federal State Unitary Enterprise International Information Agency Rossiya Segodnya;

(xi) Autonomous Non Profit Organization TV Novosti;

(xii) XH Smart Tech China Co Ltd; or

(xiii) CJSC Perspective Technologies Agency.

(e) Effective October 30, 2024, General License No. 25F, dated September 13, 2024, is replaced and superseded in its entirety by this General License No. 25G.

# Note to General License No. 25G.

Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies, including export, reexport, and transfer (in-country) licensing requirements maintained by the Department of Commerce's Bureau of Industry and Security under the EAR.

Lisa M. Palluconi,

*Acting Director, Office of Foreign Assets Control.*

Dated: October 30, 2024.

## OFFICE OF FOREIGN ASSETS CONTROL

## Russian Harmful Foreign Activities Sanctions Regulations

## 31 CFR Part 587

## GENERAL LICENSE NO. 110

## Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on October 30, 2024

(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 are authorized through 12:01 a.m. eastern standard time, December 14, 2024, provided that any payment to a blocked person is made into a blocked account in accordance with the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR):

(1) XH Smart Tech China Co Ltd;

(2) Lokesh Machines Limited;

(3) Galaxy Bearings Ltd;

(4) Orbit Fintrade LLP;

(5) Wuhan Huazhong Numerical Control Co Ltd;

(6) Beijing Dynamic Power Co Limited;

(7) Sharpline Automation Private Limited; or

(8) 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                                   ( print page 89928)                                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 persons described in paragraph (a) of this general license, unless separately authorized.

Lisa M. Palluconi,

*Acting Director, Office of Foreign Assets Control*.                    

Dated: October 30, 2024.

## OFFICE OF FOREIGN ASSETS CONTROL

## Russian Harmful Foreign Activities Sanctions Regulations

## 31 CFR Part 587

## GENERAL LICENSE NO. 111

## Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on October 30, 2024

(a) Except as provided in paragraphs (d) and (e) of this general license, all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily incident and necessary to the divestment or transfer, or the facilitation of the divestment or transfer, of debt or equity issued or guaranteed by the following blocked entities (“Covered Debt or Equity”) to a non-U.S. person are authorized through 12:01 a.m. eastern standard time, December 14, 2024:

(1) XH Smart Tech China Co Ltd;

(2) Lokesh Machines Limited;

(3) Galaxy Bearings Ltd;

(4) Beijing Dynamic Power Co Limited;

(5) Wuhan Huazhong Numerical Control Co Ltd; or

(6) 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) Except as provided in paragraph (e) of this general license, all transactions prohibited by E.O. 14024 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of Covered Debt or Equity that were placed prior to 4:00 p.m. eastern daylight time, October 30, 2024 are authorized through 12:01 a.m. eastern standard time, December 14, 2024.

(c) Except as provided in paragraph (e) of this general license, all transactions prohibited by E.O. 14024 that are ordinarily incident and necessary to the wind down of derivative contracts entered into prior to 4:00 p.m. eastern daylight time, October 30, 2024 that (i) include a blocked person described in paragraph (a) of this general license as a counterparty or (ii) are linked to Covered Debt or Equity are authorized through 12:01 a.m. eastern standard time, December 14, 2024, provided that any payments to a blocked person are made into a blocked account in accordance with the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).

(d) Paragraph (a) of this general license does not authorize:

(1) U.S. persons to sell, or to facilitate the sale of, Covered Debt or Equity to, directly or indirectly, any person whose property and interests in property are blocked; or

(2) U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, Covered Debt or Equity, other than purchases of or investments in Covered Debt or Equity ordinarily incident and necessary to the divestment or transfer of Covered Debt or Equity as described in paragraph (a) of this general license.

(e) 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 persons described in paragraph (a) of this general license, unless separately authorized.

Lisa M. Palluconi,

*Acting Director, Office of Foreign Assets Control.*

Dated: October 30, 2024.

## OFFICE OF FOREIGN ASSETS CONTROL

## Russian Harmful Foreign Activities Sanctions Regulations

## 31 CFR Part 587

## GENERAL LICENSE NO. 112

## Authorizing Civil Aviation Safety and Wind Down Transactions Involving Shaurya Aeronautics Private Limited

(a) Except as provided in paragraph (c), all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily incident and necessary to the provision, exportation, or reexportation of goods, technology, or services to ensure the safety of civil aviation involving Shaurya Aeronautics Private Limited (Shaurya), or any entity in which Shaurya owns, directly or indirectly, a 50 percent or greater interest (collectively, the “Blocked Persons”), are authorized through 12:01 a.m. eastern standard time, December 14, 2024, provided that the goods, technology, or services that are provided, exported, or reexported are for use on aircraft operated solely for civil aviation purposes.

(b) Except as provided in paragraph (c) of this general license, all transactions prohibited by E.O. 14024 that are ordinarily incident and necessary to the wind down of any transaction involving the Blocked Persons, are authorized through 12:01 a.m. eastern standard time, December 14, 2024, provided that any payment to the Blocked Persons must be made into a blocked account in accordance with the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR).

(c) 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 Blocked Persons described in paragraphs (a) and (b) of this general license, unless separately authorized.

Note to General License 112. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies, including export, reexport, and transfer (in-country) licensing requirements maintained by the Department of Commerce's Bureau of Industry and Security under the Export Administration Regulations, 15 CFR parts 730-774.

Lisa M. Palluconi,

*Acting Director, Office of Foreign Assets Control.*

Dated: October 30, 2024.

Lisa M. Palluconi,

Acting Director, Office of Foreign Assets Control.

[FR Doc. 2024-26229 Filed 11-13-24; 8:45 am]

BILLING CODE 4810-AL-P