Rule · OFAC · 14 Nov 2024 · 2024-26425
General License 10 authorizes the wind down of transactions involving Tabak Invest LLC and any entity in which it holds a 50 percent or greater interest through 12:01 a.m. eastern standard time on February 2, 2024. This authorization applies to transactions ordinarily incident and necessary to the wind down, provided that any payment to a blocked person is made into a blocked account at a U.S. financial institution in accordance with the Belarus Sanctions Regulations. The license does not authorize transactions involving any other person blocked pursuant to the Belarus Sanctions Regulations unless separately authorized.
DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 548 Publication of Belarus Sanctions Regulations Web General License 10 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 Belarus Sanctions Regulations: GL 10, which was previously made available on OFAC’s website. DATES: GL 10 was issued on December 5, 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 December 5, 2023, OFAC issued GL 10 to authorize certain transactions otherwise prohibited by the Belarus Sanctions Regulations, 31 CFR part 548. GL 10 was made available on OFAC’s website (https://ofac.treasury.gov) when it was issued. GL 10 is now expired. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Belarus Sanctions Regulations 31 CFR Part 548 GENERAL LICENSE NO. 10 Authorizing the Wind Down of Transactions Involving Tabak Invest LLC (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Belarus Sanctions Regulations, 31 CFR part 548 (BSR), that are ordinarily incident and necessary to the wind down of any transaction involving Tabak Invest LLC (‘‘Tabak Invest’’), or any entity in which Tabak Invest owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, February 2, 2024, provided that any payment to a blocked person is made into a blocked account at a U.S. financial institution in accordance with the BSR. (b) This general license does not authorize any transactions otherwise prohibited by the BSR, including transactions involving any person blocked pursuant to the BSR other than the blocked persons described in paragraph (a), unless separately authorized. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: December 5, 2023. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–26425 Filed 11–13–24; 8:45 am] BILLING CODE 4810–AL–P
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