Western Balkans Stabilization Regulations, 31 C.F.R. part 588; Executive Order 13304
Regime
OFAC country specific
Target State
Western Balkans
Measures
Blocking Property, Suspending Entry
Official Information
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule amending the Western Balkans Stabilization Regulations and reissuing them in their entirety to further implement a June 26, 2001 Executive order and a May 28, 2003 Executive order related to the Western Balkans, and to implement a June 8, 2021 Western Balkans related Executive order. This final rule replaces the regulations that were amended and reissued on June 29, 2011, and includes additional interpretive guidance and definitions, general licenses, and other regulatory provisions that will provide further guidance to the public. Due to the number of regulatory sections being updated or added, OFAC is reissuing the Western Balkans Stabilization Regulations in their entirety.
On May 28, 2003, the President, pursuant to, inter alia, IEEPA, and the United Nations Participation Act, as amended (22 U.S.C. 287c) (UNPA), issued E.O. 13304. In E.O. 13304, the President took additional steps with respect to continuing, widespread, and illicit actions obstructing implementation of the Ohrid Framework Agreement of 2001, relating to Macedonia, UNSCR 1244 of June 10, 1999, relating to Kosovo, or the Dayton Accords or the Conclusions of the Peace Implementation Conference Council held in London on December 8–9, 1995, including the decisions or conclusions of the High Representative, the Peace Implementation Council or its Steering Board, relating to Bosnia and Herzegovina, including the harboring of individuals indicted by the International Criminal Tribunal for the former Yugoslavia, and with respect to the national emergency described and declared in E.O. 13219. E.O. 13304 amended E.O. 13219 to expand and clarify the scope of persons targeted by the blocking sanctions.
