[Federal Register Volume 79, Number 87 (Tuesday, May 6, 2014)]
[Notices]
[Page 25996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-10320]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control


Unblocking One Entity Pursuant to Executive Order 13599

SUB-AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice.

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SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(``OFAC'') is publishing the name of one entity whose property and 
interests in property have been unblocked pursuant to Executive Order 
13599 of February 5, 2012, ``Blocking Property of the Government of 
Iran and Iranian Financial Institutions.''

DATES: The unblocking and removal from the list of Specially Designated 
Nationals and Blocked Persons (``SDN List'') of the entity identified 
in this notice, pursuant to Executive Order 13599, was effective on 
April 29, 2014.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Sanctions 
Compliance and Evaluation, Office of Foreign Assets Control, Department 
of the Treasury, Washington, DC 20220, tel.: 202/622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (www.treasury.gov/ofac) or via facsimile 
through a 24-hour fax-on-demand service, tel.: 202/622-0077.

Background

    On February 5, 2012, the President issued Executive Order 13599, 
``Blocking Property of the Government of Iran and Iranian Financial 
Institutions'' (the ``Order''). Section 1(a) of the Order blocks, with 
certain exceptions, all property and interests in property of the 
Government of Iran, including the Central Bank of Iran, that are in the 
United States, that hereafter come within the United States, or that 
are or hereafter come within the possession or control of any United 
States person, including any foreign branch. Section 7(d) of the Order 
defines the term ``Government of Iran'' to mean the Government of Iran, 
any political subdivision, agency, or instrumentality thereof, 
including the Central Bank of Iran, and any person owned or controlled 
by, or acting for or on behalf of, the Government of Iran.
    On March 14, 2013, the Director of OFAC identified the entity 
listed below as meeting the definition of the Government of Iran and 
blocked the property and interests in property of the entity pursuant 
to section 1(a) of the Order.
    On April 29, 2014, the Acting Director of OFAC, in consultation 
with the State Department, determined that circumstances no longer 
warrant the blocking of the entity listed below pursuant to Executive 
Order 13599 and, accordingly, unblocked and removed this entity from 
the SDN List.

Entity

    LIBRA SHIPPING SA (a.k.a. LIBRA SHIPPING), 3, Xanthou Street, 
Glyfada 16674, Greece; Additional Sanctions Information--Subject to 
Secondary Sanctions [IRAN].

    Dated: April 29, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-10320 Filed 5-5-14; 8:45 am]
BILLING CODE 4810-AL-P