| Home > 108th Congressional Documents > H.Doc.108-78 TERMINATION OF EMERGENCIES WITH RESPECT TO YUGOSLAVIA AND MODIFICATION ...
H.Doc.108-78 TERMINATION OF EMERGENCIES WITH RESPECT TO YUGOSLAVIA AND MODIFICATION ...
108th Congress, 1st Session - - - - - - - - - - - - - House Document 108-77 SIX MONTH PERIODIC REPORT ON THE NATIONAL EMERGENCY WITH RESPECT TO YUGOSLAVIA (SERBIA AND MONTENEGRO) AND KOSOVO __________ COMMUNICATION from THE PRESIDENT OF THE UNITED STATES transmitting A COMBINED SIX MONTH PERIODIC REPORT ON THE NATIONAL EMERGENCIES DECLARED WITH RESPECT TO THE FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA AND MONTENEGRO) DECLARED IN EXECUTIVE ORDER 12808 ON MAY 30, 1992 AND KOSOVO IN EXECUTIVE ORDER 13088 ON JUNE 9, 1998, PURSUANT TO 50 U.S.C. 1641(c) AND 50 U.S.C. 1703(c) <GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT> June 3, 2003.--Referred to the Committee on International Relations and ordered to be printed The White House, Washington, May 27, 2003. Hon. J. Dennis Hastert, Speaker of the House of Representatives, Washington, DC. Dear Mr. Speaker: As required by section 401(c) of the National Emergencies Act, 50 U.S.C. 1641(c), and section 204(c) of the International Emergency Economic Powers Act, 50 U.S.C. 1703(c), I am providing a combined 6-month report prepared by my Administration on the national emergencies declared with respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) in Executive Order 12808 on May 30, 1992, and Kosovo in Executive Order 13088 on June 9, 1998. Sincerely, George W. Bush. Periodic Report on the National Emergencies With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) This report to the Congress addresses developments over the course of the past 6 months concerning the national emergency with respect to the Federal Republic of Yugoslavia (now officially Serbia and Montenegro from February 4, 2003) (the ``FRY (SaM)'') that was declared in Executive Order 12808 on May 30, 1992, and was expanded in Executive Order 12934, issued on October 25, 1994, with respect to the Bosnian Serbs. This report also covers developments over the course of the past 6 months concerning the national emergency with respect to the FRY (SaM) and Kosovo that was declared in Executive Order 13088 on June 9, 1998, as supplemented by Executive Order 13121, issued on April 30, 1999, and as amended in Executive Order 13192 of January 17, 2001. This report is submitted pursuant to section 204(c) of the International Emergency Economic Powers Act, 50 U.S.C. 1703(c) (IEEPA), and section 401(c) of the National Emergencies Act, 50 U.S.C. 1641(c). The Department of the Treasury effected a partial unblocking of assets on February 25, 2002. This unblocking was pursuant to the new general licenses issued by the Department of the Treasury's Office of Foreign Assets Control (``OFAC'') in the ``Federal Republic of Yugoslavia (Serbia and Montenegro) and Bosnian Serb-controlled Areas of the Republic of Bosnia and Herzegovina Sanctions Regulations,'' 31 CFR Part 585 (the ``Bosnia and Herzegovina Regulations'') and the ``Federal Republic of Yugoslavia (Serbia and Montenegro) Kosovo Sanctions Regulations,'' 31 CFR Part 586 (the ``Kosovo Regulations'') on December 27, 2002, (67 Fed. Reg. 78973). The general licenses unblocked all remaining property and interests in property blocked under the Bosnia and Herzegovina Regulations and the Kosovo Regulations 60 days from December 27, 2002, with certain exceptions. Those exceptions kept blocked any property or interests in property of (1) diplomatic and/or consular missions of the former Socialist Federal Republic of Yugoslavia, (2) those persons who are presently subject to sanctions under the ``Federal Republic of Yugoslavia (Serbia and Montenegro) Milosevic Regulations,'' 31 CFR Part 587 (the ``Milosevic Regulations'') or the ``Western Balkans Stabilization Regulations,'' 31 CFR Part 588, or (3) the central bank of the former Socialist Federal Republic of Yugoslavia (the National Bank of Yugoslavia). A copy of these regulatory amendments is attached. There were no amendments to the Milosevic Regulations during this reporting period. During this reporting period, OFAC issued no specific licenses under the Kosovo Regulations or the Milosevic Regulations. Letters were issued notifying applicants for specific licenses that property blocked under both the Bosnia and Herzegovina Regulations and the Kosovo Regulations would be unblocked, subject to certain exceptions, under the general licenses described in Paragraph 1, without further action on their part. In April 2003, the United States Government took steps, through a series of directive licenses, to transfer the assets of the National Bank of Yugoslavia that were blocked pursuant to the 1992 national emergency to the successor states of the former Socialist Federal Republic of Yugoslavia. In any cases where such assets have yet to be transferred, the assets remain blocked. Since my last report, OFAC has collected four civil monetary penalties totaling more than $43,000 for violations of the sanctions by two U.S. financial institutions and two U.S. companies. These violations involved payments either to the Government of the FRY (SaM), persons in the FRY (SaM), or to blocked entities owned or controlled by the Government of the FRY (SaM), or the importation of goods from the territory of the FRY during the effective period of the trade sanctions. An additional case is undergoing penalty action for violation of the Bosnia and Herzegovina Regulations and an additional 104 cases are undergoing penalty action for violation of the Kosovo Regulations. The expenses incurred by the Federal Government in the 6- month period from December 1, 2002, through May 29, 2003, that are directly attributable to the declaration of the national emergencies made in 1992 and 1998 are estimated at approximately $235,000, most of which represents wage and salary costs for Federal personnel. Personnel costs were largely centered in the Department of the Treasury (particularly in OFAC, the Chief Counsel's Office, and the U.S. Customs Service), the Departments of State and Commerce, and the National Security Council. It is in the United States' foreign policy interest to support Serbia and Montenegro's freely elected government as it works toward building a stable, democratic, and economically vibrant society. Following Secretary of State Powell's May 2002 meeting with FRY Foreign Minister Svilanovic and then Serbian Prime Minister Djindjic, Secretary Powell formally certified to the Congress that the FRY was cooperating with the International Criminal Tribunal for the former Yugoslavia (``ICTY''). Subsequently, Secretary Powell requested that the Department of the Treasury take steps to begin the process of unblocking all previously frozen assets--except those linked to Slobodan Milosevic, his close associates and supporters and persons under indictment for war crimes by the ICTY. The Departments of State and Treasury worked closely on a plan to unblock certain assets and to transfer others. Certain steps remain with respect to a small category of property that continues to be blocked. The funds transferred took on added importance for Serbia and Montenegro as it began to deal with the financial repercussions relating to the tragic assassination of Serbian Prime Minister Djindjic. The plan to unblock certain assets and transfer others also underscores the United States' continuing commitment to fully normalizing economic relations with Serbia and Montenegro. <GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT>
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