[Federal Register Volume 75, Number 229 (Tuesday, November 30, 2010)]
[Rules and Regulations]
[Pages 73958-73959]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-30182]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 548
Belarus Sanctions Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Final rule.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (``OFAC'') is amending the Belarus Sanctions Regulations
(``BSR'') in the Code of Federal Regulations to authorize U.S. persons
to engage in otherwise prohibited transactions with two blocked
entities, Lakokraska OAO and/or Polotsk Steklovolokno OAO, until May
31, 2011. In addition, OFAC is amending the BSR to make a technical
correction to the authority citation.
DATES: Effective Date: November 30, 2010.
FOR FURTHER INFORMATION CONTACT: Assistant Director for Compliance,
Outreach & Implementation, tel.: 202/622-2490, Assistant Director for
Licensing, tel.: 202/622-2480, Assistant Director for Policy, tel.:
202/622-4855, Office of Foreign Assets Control, or Chief Counsel
(Foreign Assets Control), tel.: 202/622-2410, Office of the General
Counsel, Department of the Treasury (not toll free numbers).
SUPPLEMENTARY INFORMATION:
Electronic and Facsimile Availability
This document and additional information concerning OFAC are
available from OFAC's Web site (http://www.treas.gov/ofac). Certain
general information pertaining to OFAC's sanctions programs also is
available via facsimile through a 24-hour fax-on-demand service, tel.:
202/622-0077.
Background
The Belarus Sanctions Regulations, 31 CFR part 548 (``BSR''),
implement Executive Order 13405 of June 16, 2006, ``Blocking Property
of Certain Persons Undermining Democratic Processes or Institutions in
Belarus'' (``E.O. 13405''). Pursuant to E.O. 13405, on May 15, 2008,
OFAC designated the entities Lakokraska OAO and Polotsk Steklovolokno
OAO, blocking their property and interests in property (73 FR 29849,
May 22, 2008). On September 4, 2008, before the publication of the BSR,
OFAC issued and posted on its Web site Belarus General License No. 1,
which authorized all transactions between U.S. persons and Lakokraska
OAO and/or Polotsk Steklovolokno OAO from September 4, 2008, until
March 2, 2009. This authorization was subject to the proviso that all
property and interests in property of Lakokraska OAO or Polotsk
Steklovolokno OAO that previously had been blocked pursuant to E.O.
13405 were to remain blocked. OFAC subsequently amended Belarus General
License No. 1 four times to extend its authorization for transactions
between U.S. persons and the two entities. The latest of those
[[Page 73959]]
amendments, Belarus General License No. 1-D, extended the authorization
for all transactions between U.S. persons and Lakokraska OAO and/or
Polotsk Steklovolokno OAO until November 30, 2010.
The BSR were published on February 3, 2010 (75 FR 5502). Section
548.509 of the BSR memorialized General License No. 1, as amended, and
authorized all transactions between U.S. persons and Lakokraska OAO
and/or Polotsk Steklovolokno OAO for a limited period of time. Today,
OFAC is amending section 548.509(a) of the BSR to extend the
authorization until May 31, 2011. U.S. persons may continue to engage
in all transactions otherwise prohibited by the BSR with Lakokraska OAO
and/or Polotsk Steklovolokno OAO, except that, as provided in section
548.509(b), any property and interests in property that were blocked
prior to September 4, 2008, still remain blocked.
This rule also corrects a typographical error in the BSR's
authority citation.
Public Participation
Because the amendments of 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 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.
Paperwork Reduction Act
The collections of information related to the Regulations are
contained in 31 CFR part 501 (the ``Reporting, Procedures and Penalties
Regulations''). Pursuant to the Paperwork Reduction Act of 1995 (44
U.S.C. 3507), those collections of information have been approved by
the Office of Management and Budget under control number 1505-0164. An
agency may not conduct or sponsor, and a person is not required to
respond to, a collection of information unless the collection of
information displays a valid control number.
List of Subjects in 31 CFR Part 548
Administrative practice and procedure, Banks, Banking, Belarus,
Blocking of assets, Credit, Foreign trade, Penalties, Reporting and
recordkeeping requirements, Securities, Services.
0
For the reasons set forth in the preamble, the Department of the
Treasury's Office of Foreign Assets Control amends 31 CFR part 548 as
follows:
PART 548--BELARUS SANCTIONS REGULATIONS
0
1. Revise the authority citation to part 548 to read as follows:
Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651,
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note);
Pub. L. 110-96, 121 Stat. 1011 (50 U.S.C. 1705 note); E.O. 13405, 71
FR 35485; 3 CFR, 2007 Comp., p. 231.
Subpart E--Licenses, Authorizations, and Statements of Licensing
Policy
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2. Revise Sec. 548.509(a) to read as follows:
Sec. 548.509 Transactions with certain blocked persons authorized.
(a) Except as provided in paragraph (b) of this section, U.S.
persons are authorized to engage in all transactions otherwise
prohibited by this part with Lakokraska OAO and/or Polotosk
Steklovolokno OAO, entities whose property and interests in property
are blocked pursuant to Sec. 548.201(a)(2), until May 31, 2011.
* * * * *
Dated: November 23, 2010.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2010-30182 Filed 11-29-10; 8:45 am]
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