2026-01-20 | 2026-00948The Department of the Treasury’s Office of Foreign Assets Control published General License 1 to authorize the wind down of transactions involving specific blocked entities under the Transnational Criminal Organizations Sanctions Regulations. This license permits transactions ordinarily incident and necessary to winding down dealings with Prince Holding Group, Prince Bank Plc., Prince Huan Yu Real Estate Cambodia Group Co., Ltd., and their 50 percent or greater owned entities through November 13, 2025. The authorization requires that any payments to blocked persons be made into blocked accounts and explicitly excludes transactions involving other blocked persons or those prohibited by correspondent account directives.
Federal Register / Vol. 91, No. 12 / Tuesday, January 20, 2026 / Rules and Regulations 2303 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. 132 Authorizing Certain Transactions Involving Paks II Civil Nuclear Power Plant (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 14024 involving the Paks II civil nuclear power plant project in Hungary (Paks II), including Paks II. Nuclear Power Plant Private Limited Company, or any successor project to the Paks II, that involve one or more of the following entities are authorized: (1) Gazprombank Joint Stock Company; (2) State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; (3) Public Joint Stock Company Bank Financial Corporation Otkritie; (4) Sovcombank Open Joint Stock Company; (5) Public Joint Stock Company Sberbank of Russia; (6) VTB Bank Public Joint Stock Company; (7) Joint Stock Company Alfa-Bank; (8) Public Joint Stock Company Rosbank; (9) Bank Zenit Public Joint Stock Company; (10) Bank Saint-Petersburg Public Joint Stock Company; (11) National Clearing Center (NCC); (12) 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 (13) the Central Bank of the Russian Federation. (b) This general license does not authorize: (1) The opening or maintaining of a correspondent account or payablethrough 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; (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; or (3) 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. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: November 21, 2025. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–00952 Filed 1–16–26; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 590 Publication of Transnational Criminal Organizations Sanctions Regulations Web General License 1 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Transnational Criminal Organizations Sanctions Regulations: GL 1. This GL was previously made available on OFAC’s website. DATES: GL 1 was issued on October 14, 2025. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; 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 14, 2025, OFAC issued GL 1 to authorize certain transactions otherwise prohibited by the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590. GL 1 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 Transnational Criminal Organizations Sanctions Regulations 31 CFR Part 590 GENERAL LICENSE NO. 1 Authorizing the Wind Down of Transactions Involving Certain Persons Blocked on October 14, 2025 (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Transnational Criminal Organizations Sanctions Regulations, 31 CFR part 590 (TCOSR), 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, November 13, 2025, provided that any payment to a blocked person is made into a blocked account, in accordance with the TCOSR: (1) Prince Holding Group; (2) Prince Bank Plc.; (3) Prince Huan Yu Real Estate Cambodia Group Co., Ltd; 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 any transactions otherwise prohibited by the TCOSR, including transactions involving any person blocked pursuant to the TCOSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: October 14, 2025. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–00948 Filed 1–16–26; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 117 [Docket No. [USCG–2025–0464] RIN 1625–AA09 Drawbridge Operation Regulation; Atlantic Intracoastal Waterway, Fort Lauderdale, FL AGENCY: Coast Guard, DHS. ACTION: Final rule. VerDate Sep<11>2014 16:03 Jan 16, 2026 Jkt 268001 PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 E:\FR\FM\20JAR1.SGM 20JAR1 lotter on DSK11XQN23PROD with RULES1