Federal Register / Vol. 87, No. 104 / Tuesday, May 31, 2022 / Rules and Regulations 32307 

National Wealth Fund of the Russian 

Federation, and the Ministry of Finance 

of the Russian Federation are political 

subdivisions, agencies, or 

instrumentalities of the Government of 

the Russian Federation, and that the 

following activities by a United States 

person are prohibited, except to the 

extent provided by law, or unless 

licensed or otherwise authorized by the 

Office of Foreign Assets Control: Any 

transaction involving the Central Bank 

of the Russian Federation, the National 

Wealth Fund of the Russian Federation, 

or the Ministry of Finance of the 

Russian Federation, including any 

transfer of assets to such entities or any 

foreign exchange transaction for or on 

behalf of such entities. 

All other activities with entities 

determined to be subject to the 

prohibitions of this Directive, or 

involving their property or interests in 

property, are permitted, provided that 

such activities are not otherwise 

prohibited by law, the Order, or any 

other sanctions program implemented 

by the Office of Foreign Assets Control. Except to the extent otherwise 

provided by law or unless licensed or 

otherwise authorized by the Office of 

Foreign Assets Control, the following 

are also prohibited: (1) Any transaction 

that evades or avoids, has the purpose 

of evading or avoiding, causes a 

violation of, or attempts to violate any 

of the prohibitions of this Directive; and 

(2) any conspiracy formed to violate any 

of the prohibitions of this Directive. A listing of entities determined to be 

subject to the prohibitions of this 

Directive can be found in the Office of 

Foreign Assets Control’s Non-SDN 

Menu-Based Sanctions (NS–MBS) List 

on the Office of Foreign Assets Control 

website (www.treas.gov/ofac). 

February 28, 2022. 

Andrea M. Gacki, 

Director, Office of Foreign Assets 

Control. 

Andrea M. Gacki, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2022–11608 Filed 5–27–22; 8:45 am] 

BILLING CODE 4810–AL–P 

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 determinations. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing two 

sectoral determinations issued pursuant 

to an April 15, 2021 Executive order, as 

well as a category of services 

determination issued pursuant to an 

April 6, 2022 Executive order. Each 

determination was previously issued on 

OFAC’s website. 

DATES: The March 31, 2022 

Determination Pursuant to Section 

(1)(a)(i) of Executive Order 14024 was 

issued on March 31, 2022. The May 8, 

2022 Determination Pursuant to Section 

(1)(a)(i) of Executive Order 14024 was 

issued on May 8, 2022. The May 8, 2022 

Determination Pursuant to Section 

1(a)(ii) of Executive Order 14071 was 

issued on May 8, 2022 and takes effect 

on June 7, 2022. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Assistant Director for Licensing, 

202–622–2480; Assistant Director for 

Regulatory Affairs, 202–622–4855; or 

Assistant Director for Sanctions 

Compliance & Evaluation, 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 April 15, 2021, 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.) 

14024 (86 FR 20249, April 19, 2022). 

Among other prohibitions, section 1(a) 

of E.O. 14024 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 

person determined by the Secretary of 

the Treasury, in consultation with the 

Secretary of State: (i) To operate or have 

operated in the technology sector or the 

defense and related materiel sector of 

the Russian Federation economy, or any 

other sector of the Russian Federation 

economy as may be determined by the 

Secretary of the Treasury, in 

consultation with the Secretary of State. 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. 

On March 31, 2022, the Secretary of 

the Treasury, in consultation with the 

Secretary of the State, issued a sectoral 

determination pursuant to E.O. 14024. 

This determination took effect upon 

publication on OFAC’s website, which 

occurred on March 31, 2022. On May 8, 

2022, pursuant to delegated authority, 

the Director of OFAC, in consultation 

with the Department of State, issued a 

sectoral determination pursuant to E.O. 

14024. This determination took effect 

upon publication on OFAC’s website, 

which occurred on May 8, 2022. Also on 

May 8, 2022, pursuant to delegated 

authority, the Director of OFAC, in 

consultation with the Department of 

State, issued a category of services 

determination pursuant to E.O. 14071. 

This determination takes effect at 12:01 

a.m. eastern daylight time on June 7, 

2022. 

The texts of the March 31, 2022 and 

May 8, 2022 sectoral determinations 

pursuant to E.O. 14024, and the May 8, 

2022 category of services determination 

pursuant to E.O. 14071, are below. 

Determination Pursuant to Section 

1(a)(i) of Executive Order 14024 

Section 1(a) of Executive Order (E.O.) 

14024 of April 15, 2021 (‘‘Blocking 

Property With Respect To Specified 

Harmful Foreign Activities of the 

Government of the Russian Federation’’) 

imposes economic sanctions on any 

person determined by the Secretary of 

the Treasury, in consultation with the 

Secretary of State, or the Secretary of 

State, in consultation with the Secretary 

of the Treasury, to operate or have 

operated in such sectors of the Russian 

Federation economy as may be 

determined, pursuant to section 1(a)(i) 

of E.O. 14024, 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, foreign policy, and economy of 

the United States described in E.O. 

14024, and in consultation with the 

Secretary of State, I hereby determine 

that section 1(a)(i) shall apply to the 

aerospace, electronics, and marine 

sectors of the Russian Federation 

economy. Any person that I or my 

designee, in consultation with the 

Secretary of State or the Secretary of 


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32308 Federal Register / Vol. 87, No. 104 / Tuesday, May 31, 2022 / Rules and Regulations 

State’s designee, or the Secretary of 

State or the Secretary of State’s 

designee, in consultation with me or my 

designee, subsequently determine 

operates or has operated in such sectors 

shall be subject to sanctions pursuant to 

section 1(a)(i). 

This determination shall take effect 

upon publication by the Director of the 

Office of Foreign Assets Control on the 

Department of the Treasury’s website. 

Janet L. Yellen 

Office of Foreign Assets Control 

Determination Pursuant to Section 

1(a)(i) of Executive Order 14024 

Section 1(a) of Executive Order (E.O.) 

14024 of April 15, 2021 (‘‘Blocking 

Property With Respect To Specified 

Harmful Foreign Activities of the 

Government of the Russian Federation’’) 

imposes economic sanctions on any 

person determined by the Secretary of 

the Treasury, in consultation with the 

Secretary of State, or the Secretary of 

State, in consultation with the Secretary 

of the Treasury, to operate or have 

operated in such sectors of the Russian 

Federation economy as may be 

determined, pursuant to section 1(a)(i) 

of E.O. 14024, 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, foreign policy, and economy of 

the United States described in E.O. 

14024, and in consultation with the 

Department of State and pursuant to 31 

CFR 587.802, I hereby determine that 

section 1(a)(i) shall apply to the 

accounting, trust and corporate 

formation services, and management 

consulting sectors of the Russian 

Federation economy. Any person that 

the Secretary of the Treasury or the 

Secretary of the Treasury’s designee, in 

consultation with the Secretary of State 

or the Secretary of State’s designee, or 

the Secretary of State or the Secretary of 

State’s designee, in consultation with 

the Secretary of the Treasury or the 

Secretary of the Treasury’s designee, 

subsequently determines operates or has 

operated in such sectors shall be subject 

to sanctions pursuant to section 1(a)(i). 

This determination shall take effect 

upon publication by the Office of 

Foreign Assets Control on the 

Department of the Treasury’s website. 

Andrea M. Gacki, 

Director, Office of Foreign Assets Control. 

May 8, 2022. 

Office of Foreign Assets Control 

Determination Pursuant to Section 

1(a)(ii) of Executive Order 14071 

Prohibitions Related to Certain 

Accounting, Trust and Corporate 

Formation, and Management Consulting 

Services 

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, the 

Director of the Office of Foreign Assets 

Control, in consultation with the 

Department of State, hereby determines 

that the prohibitions in section 1(a)(ii) 

of E.O. 14071 shall apply to the 

following categories of services: 

Accounting, trust and corporate 

formation, and management consulting. 

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 accounting, trust and 

corporate formation, or management 

consulting services to any person 

located in the Russian Federation. 

This determination excludes the 

following: 

(1) Any service to an entity located in 

the Russian Federation that is owned or 

controlled, directly or indirectly, by a 

United States person; 

(2) any service in connection with the 

wind down or divestiture of an entity 

located in the Russian Federation that is 

not owned or controlled, directly or 

indirectly, by a Russian person. 

This determination shall take effect 

beginning at 12:01 a.m. eastern daylight 

time on June 7, 2022. 

Andrea M. Gacki, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2022–11606 Filed 5–27–22; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2022–0389] 

Safety Zone; Fireworks Displays 

Within the Fifth Coast Guard District 

AGENCY: Coast Guard, Department of 

Homeland Security (DHS). 

ACTION: Notification of enforcement of 

regulation. 

SUMMARY: The Coast Guard will enforce 

a safety zone for holiday fireworks at 

The Wharf DC on June 11, 2022, to 

provide for the safety of life on 

navigable waterways during this event. 

Our regulation for Fireworks Displays 

within the Fifth Coast Guard District 

identifies the safety zone for this event 

in Washington, DC. During the 

enforcement period, the operator of any 

vessel in the safety zone must comply 

with directions from the Patrol 

Commander or any Official Patrol 

displaying a Coast Guard ensign. 

DATES: The regulation in 33 CFR 

165.506 will be enforced for the location 

identified as item 1 of table 2 to 

paragraph (h)(2) from 8 p.m. until 10 

p.m. on June 11, 2022. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions about this 

notification of enforcement, call or 

email MST2 Courtney Perry, Sector 

Maryland-NCR, Waterways Management 

Division, U.S. Coast Guard: telephone 

410–576–2596, email Courtney.E.Perry@

uscg.mil. 

SUPPLEMENTARY INFORMATION: The Coast 

Guard will enforce the safety zone 

regulation for holiday fireworks at The 

Wharf DC from 8 p.m. to 10 p.m. on 

June 11, 2022. This action is being taken 

to provide for the safety of life on 

navigable waterways during this event. 

Our regulation for Fireworks Displays 

within the Fifth Coast Guard District, 

§ 165.506, specifies the location of the 

safety zone for the fireworks show 

which encompasses portions of the 

Washington Channel in the Upper 

Potomac River as item 1 to table 2 to 

paragraph (h)(2). During the 

enforcement period, as reflected in 

§ 165.506(d), if you are the operator of 

a vessel in the safety zone you must 

comply with directions from the Patrol 

Commander or any Official Patrol 

displaying a Coast Guard ensign. 

In addition to this notification of 

enforcement in the Federal Register, the 

Coast Guard plans to provide 

notification of this enforcement period 

via the Local Notice to Mariners and 

marine information broadcasts. 

Dated: May 20, 2022. 

David E. O’Connell, 

Captain, U.S. Coast Guard, Captain of the 

Port Maryland-National Capital Region. 

[FR Doc. 2022–11513 Filed 5–27–22; 8:45 am] 

BILLING CODE 9110–04–P 


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