[Federal Register Volume 61, Number 234 (Wednesday, December 4, 1996)] [Rules and Regulations] [Pages 64289-64290] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-30857] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Chapter V Blocked Persons, Specially Designated Nationals, Specially Designated Terrorists, Specially Designated Narcotics Traffickers, and Blocked Vessels; Removal of Specially Designated Nationals of the Federal Republic of Yugoslavia (Serbia & Montenegro) AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Amendment of final rule. ----------------------------------------------------------------------- SUMMARY: In light of United Nations Security Council Resolution 1074 of October 1, 1996, lifting sanctions on the Government of the Federal Republic of Yugoslavia (Serbia & Montenegro), this document removes from the list of persons whose assets are blocked the entries for individuals and entities that were determined to be acting for or on behalf of the Government of the Federal Republic of Yugoslavia (Serbia & Montenegro), listed in the appendices to 31 CFR chapter V. EFFECTIVE DATE: December 4, 1996. FOR FURTHER INFORMATION: Contact the Office of Foreign Assets Control, Department of the Treasury, Washington, D.C. 22201, tel.: 202/622-2520. SUPPLEMENTARY INFORMATION: Electronic Availability This document is available as an electronic file on The Federal Bulletin Board the day of publication in the Federal Register. By modem, dial 202/512-1387 and type ``/GO FAC,'' or call 202/512-1530 for disk or paper copies. This file is available for downloading without charge in WordPerfect 5.1, ASCII, and Adobe AcrobatTM readable (*.PDF) formats. For Internet access, the address for use with the World Wide Web (Home Page), Telnet, or FTP protocol is: fedbbs.access.gpo.gov. The document is also accessible for downloading in ASCII format without charge from Treasury's Electronic Library (``TEL'') in the ``Business, Trade and Labor Mall'' of the FedWorld bulletin board. By modem, dial 703/321-3339, and select the appropriate self-expanding file in TEL. For Internet access, use one of the following protocols: Telnet = fedworld.gov (192.239.93.3); World Wide Web (Home Page) = http://www.fedworld.gov; FTP = ftp.fedworld.gov (192.239.92.205). Additional information concerning the programs of the Office of Foreign Assets Control is available for downloading from the Office's Internet Home Page:http://www.ustreas.gov/treasury/services/ fac/fac.html, or in fax form through the Office's 24-hour fax-on-demand service: call 202/622-0077 using a fax machine, fax modem, or (within the United States) a touch-tone telephone. Background Appendices A and B to 31 CFR chapter V contain the names of blocked persons, specially designated nationals, specially designated terrorists, and specially designated narcotics traffickers designated pursuant to the various economic sanctions programs administered by the Office of Foreign Assets Control (``OFAC'') (61 FR 32936, June 26, 1996). In light of United Nations Security Council Resolution 1074 of October 1, 1996, lifting sanctions on the Government of the Federal Republic of Yugoslavia (Serbia & Montenegro) (the ``FRY (S&M)''), this final rule amends appendices A and B to remove the names of individuals and entities determined by the Director of OFAC to be specially designated nationals (``SDNs'') of the FRY (S&M). Assets blocked in which the SDNs had an interest subsequent to their designation and before sanctions were suspended on December 27, 1995, are unblocked effective December 4, 1996, since these assets were blocked on the basis of the SDNs' activities in support of the FRY (S&M) -- activities that are no longer prohibited -- and not because the Government of the FRY (S&M) or entities located in or controlled from the FRY (S&M) have any interest in or control of those assets. Since the Regulations involve a foreign affairs function, the provisions of Executive Order 12866 and the Administrative Procedure Act (5 U.S.C. 553), requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective [[Page 64290]] date, are inapplicable. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601- 612) does not apply. For the reasons set forth in the preamble, and under the authority of 3 U.S.C. 301; 22 U.S.C. 287c; 49 U.S.C. 40106; 50 U.S.C. 1601-1651; 50 U.S.C. 1701-1706; E.O. 12808, 57 FR 23299, 3 CFR, 1992 Comp., p. 305; E.O. 12810, 57 FR 24347, 3 CFR, 1992 Comp., p. 307; E.O. 12831, 58 FR 5253, 3 CFR, 1993 Comp., p. 576; E.O. 12846, 58 FR 25771, 3 CFR, 1993 Comp., p. 599; and E.O. 12934, 59 FR 54117, 3 CFR, 1994 Comp., p. 930, appendices A and B to chapter V of 31 CFR are amended as set forth below: 1. Appendix A to chapter V of 31 CFR is amended by removing the following entries that are listed in alphabetical order at the end thereof: ABRAMOVIC, Miroslava ANDJIC, Slobodan AVRAMOVIC, Dragoslav BIGARENA TRADING LTD. of Moscow BIGARENA TRADING LTD. of Limassol CHESA, I. CICALA, Andrea DRAKULIC, Zoran EAST POINT HOLDINGS LIMITED G. L. LEGIN of Limassol G. L. LEGIN of Moscow GVOZDENOVIC, Zaga ING, Dr. INPEA (OVERSEAS) LTD INPEA of Moscow INPEA of Romania IOANNIDES, Pambos J&K LTD. KOSTIC, Bosko MAADI, N. MASLAKOVIC, Dusan MIHIC, Vukasin PAPADOPOULOS, Tassos PEROVIC, D. PETROMED LTD. of London PIECAS, Stanko PRELIC, M. RIVAMED SHIPPING LTD. of Cyprus SARENAC, Slobodan SECYCO SEKULAREC, Mirko STELJIC, Marko TASLAW NOMINEES LTD. TASLAW SECRETARIAL LTD. TASLAW SERVICES LTD. TAT TRADING LTD. TRAFI HOLDINGS LTD. of Nicosia VASIC, Zoran VUCIC, Borka VUJNOVIC, Milorad YU POINT LTD. ZECEVIC, Miodrag, 2. Appendix B to chapter V of 31 CFR is amended by removing the following entries under the following headings where they appear: Cyprus BIGARENA TRADING LTD. of Limassol DRAKULIC, Zoran EAST POINT HOLDINGS LIMITED G. L. LEGIN of Limassol GVOZDENOVIC, Zaga INPEA (OVERSEAS) LTD IOANNIDES, PAMBOS MASLAKOVIC, Dusan PAPADOPOULOS, TASSOS RIVAMED SHIPPING LTD. of Cyprus SECYCO TASLAW NOMINEES LTD. TASLAW SECRETARIAL LTD. TASLAW SERVICES LTD. TAT TRADING LTD. TRAFI HOLDINGS LTD. of Nicosia VUJNOVIC, Milorad England J&K LTD. KOSTIC, Bosko PETROMED LTD. of London Federal Republic of Yugoslavia (Serbia & Montenegro) (the ``FRY (S&M)'') ANDJIC, Slobodan AVRAMOVIC, Dragoslav MIHIC, Vukasin SARENAC, Slobodan STELJIC, Marko VASIC, Zoran VUCIC, Borka France ZECEVIC, Miodrag Iran MAADI, N. PIECAS, Stanko Italy CICALA, Andrea SEKULAREC, Mirko Romania CHESA, I. ING, Dr. INPEA of Romania Russia BIGARENA TRADING LTD. of Moscow G. L. LEGIN of Moscow INPEA of Moscow PEROVIC, D. Ukraine PRELIC, M. Multiple or Unknown Locations ABRAMOVIC, Miroslava Dated: November 14, 1996. R. Richard Newcomb, Director, Office of Foreign Assets Control. Approved: November 26, 1996. James E. Johnson, Assistant Secretary (Enforcement). [FR Doc. 96-30857 Filed 11-29-96; 12:10 pm] BILLING CODE 4810-25-F