99-13919. Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro)  

  • [Federal Register Volume 64, Number 103 (Friday, May 28, 1999)]
    [Presidential Documents]
    [Pages 29205-29206]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 99-13919]
    
    
    
    [[Page 29203]]
    
    _______________________________________________________________________
    
    Part X
    
    
    
    
    
    The President
    
    
    
    
    
    _______________________________________________________________________
    
    
    
    Notice of May 27, 1999--Continuation of Emergency With Respect to the 
    Federal Republic of Yugoslavia (Serbia and Montenegro)
    
    
                            Presidential Documents 
    
    
    
    Federal Register / Vol. 64, No. 103 / Friday, May 28, 1999 / 
    Presidential Documents
    
    ___________________________________________________________________
    
    Title 3--
    The President
    
    [[Page 29205]]
    
                    Notice of May 27, 1999
    
                    
    Continuation of Emergency With Respect to the 
                    Federal Republic of Yugoslavia (Serbia and Montenegro)
    
                    On May 30, 1992, by Executive Order 12808, President 
                    Bush declared a national emergency to deal with the 
                    unusual and extraordinary threat to the national 
                    security, foreign policy, and economy of the United 
                    States constituted by the actions and policies of the 
                    Governments of Serbia and Montenegro, blocking all 
                    property and interests in property of those 
                    Governments. President Bush took additional measures to 
                    prohibit trade and other transactions with the Federal 
                    Republic of Yugoslavia (Serbia and Montenegro) by 
                    Executive Orders 12810 and 12831, issued on June 5, 
                    1992, and January 15, 1993, respectively. On April 25, 
                    1993, I issued Executive Order 12846, blocking the 
                    property and interests in property of all commercial, 
                    industrial, or public utility undertakings or entities 
                    organized or located in the Federal Republic of 
                    Yugoslavia (Serbia and Montenegro), and prohibiting 
                    trade-related transactions by United States persons 
                    involving those areas of Bosnia and Herzegovina 
                    controlled by Bosnian Serb forces and the United 
                    Nations Protected Areas in the Republic of Croatia. On 
                    October 24, 1994, because of the actions and policies 
                    of the Bosnian Serbs, I expanded the scope of the 
                    national emergency by issuing Executive Order 12934 to 
                    block the property of the Bosnian Serb forces and the 
                    authorities in the territory that they control within 
                    Bosnia and Herzegovina, as well as the property of any 
                    entity organized or located in, or controlled by any 
                    person in, or resident in, those areas.
    
                    On December 27, 1995, I issued Presidential 
                    Determination 96-7, directing the Secretary of the 
                    Treasury, inter alia, to suspend the application of 
                    sanctions imposed on the Federal Republic of Yugoslavia 
                    (Serbia and Montenegro) pursuant to the above-
                    referenced Executive orders and to continue to block 
                    property previously blocked until provision is made to 
                    address claims or encumbrances, including the claims of 
                    the other successor states of the former Yugoslavia. 
                    This sanctions relief, in conformity with United 
                    Nations Security Council Resolution 1022 of November 
                    22, 1995 (hereinafter the ``Resolution''), was an 
                    essential factor motivating Serbia and Montenegro's 
                    acceptance of the General Framework Agreement for Peace 
                    in Bosnia and Herzegovina initialed by the parties in 
                    Dayton on November 21, 1995, and signed in Paris on 
                    December 14, 1995 (hereinafter the ``Peace 
                    Agreement''). The sanctions imposed on the Federal 
                    Republic of Yugoslavia (Serbia and Montenegro) were 
                    accordingly suspended prospectively, effective January 
                    16, 1996. Sanctions imposed on the Bosnian Serb forces 
                    and authorities and on the territory that they control 
                    within Bosnia and Herzegovina were subsequently 
                    suspended prospectively, effective May 10, 1996, also 
                    in conformity with the Peace Agreement and the 
                    Resolution. Sanctions against both the Federal Republic 
                    of Yugoslavia (Serbia and Montenegro) and the Bosnian 
                    Serbs were subsequently terminated by United Nations 
                    Security Council Resolution 1074 of October 1, 1996. 
                    This termination, however, did not end the requirement 
                    of the Resolution that those blocked funds and assets 
                    that are subject to claims and encumbrances remain 
                    blocked, until unblocked in accordance with applicable 
                    law. Until the status of all remaining blocked property 
                    is resolved, the Peace Agreement implemented, and the 
                    terms of the Resolution met, the national emergency 
                    declared on May 30, 1992, as expanded in scope on 
                    October 25, 1994, and the measures
    
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                    adopted pursuant thereto to deal with that emergency 
                    must continue beyond May 30, 1999.
    
                    On June 9, 1998, following attacks and repression 
                    directed by the government in Belgrade against the 
                    people of Kosovo, I issued Executive Order 13088, 
                    ``Blocking Property of the Governments of the Federal 
                    Republic of Yugoslavia (Serbia and Montenegro), the 
                    Republic of Serbia, and the Republic of Montenegro, and 
                    Prohibiting New Investment in the Republic of Serbia in 
                    Response to the Situation in Kosovo.'' Since then, the 
                    government of President Milosevic has rejected the 
                    international community's efforts to find a peaceful 
                    settlement for the crisis in Kosovo and has launched a 
                    massive campaign of ethnic cleansing that has displaced 
                    a large percentage of the population and been 
                    accompanied by an increasing number of atrocities. In 
                    light of President Milosevic's brutal assault against 
                    the people of Kosovo, his complete disregard for the 
                    requirements of the international community and the 
                    threat his actions pose to regional peace and 
                    stability, I have determined that it is necessary to 
                    maintain in force these emergency authorities beyond 
                    June 9, 1999.
    
                    Therefore, in accordance with section 202(d) of the 
                    National Emergencies Act (50 U.S.C. 1622(d)), I am 
                    continuing the national emergency declared on May 30, 
                    1992, as expanded on October 24, 1994, and the national 
                    emergency declared on June 9, 1998, with respect to the 
                    Federal Republic of Yugoslavia (Serbia and Montenegro). 
                    This notice shall be published in the Federal Register 
                    and transmitted to the Congress.
    
                        (Presidential Sig.)
    
                    THE WHITE HOUSE,
    
                        May 27, 1999.
    
    [FR Doc. 99-13919
    Filed 5-27-99; 12:46 pm]
    Billing code 3195-01-P
    
    
    

Document Information

Published:
05/28/1999
Department:
Executive Office of the President
Entry Type:
Presidential Document
Document Type:
Notice
Document Number:
99-13919
Pages:
29205-29206 (2 pages)
EOCitation:
of 1999-05-27
PDF File:
99-13919.pdf