E8-14835. Unblocking of Entities Pursuant to Executive Order 13382

AGENCY:

Office of Foreign Assets Control, Treasury.

ACTION:

Notice.

SUMMARY:

The Treasury Department's Office of Foreign Assets Control (“OFAC”) is removing the names of two persons from the list of Specially Designated Nationals and Blocked Persons whose property and interests in property have been unblocked pursuant to Executive Order 13382 of June 28, 2005, “Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.” The entities, China Great Wall Industry Corporation and G.W. Aerospace, Inc, were designated pursuant to Executive Order 13382 on June 13, 2006.

DATES:

The removal of the persons from the list of Specially Designated Nationals and Blocked Persons, whose property and interests in property were blocked pursuant to Executive Order 13382, is effective on June 19, 2008.

FOR FURTHER INFORMATION CONTACT:

J. Robert McBrien, Associate Director, Investigations and Enforcement, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: [phone].

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) or via facsimile through a 24-hour fax-on demand service, tel.: [phone].

Background

On June 28, 2005, the President, invoking the authority, inter alia, of the International Emergency Economic Powers Act (50 U.S.C. 1701-1706) (“IEEPA”), issued Executive Order 13382 (70 FR 38567, July 1, 2005) (the “Order”), effective at 12:01 a.m. eastern daylight time on June 29, 2005. In the Order, the President took additional steps with respect to the national emergency described and declared in Executive Order 12938 of November 14, 1994, regarding the proliferation of weapons of mass destruction and the means of delivering them.

Section 1 of the Order blocks, with certain exceptions, all property and interests in property that are in the United States, or that hereafter come within the United States or that are or hereafter come within the possession or control of United States persons, of: (1) The persons listed in an Annex to the Order; (2) any foreign person determined by the Secretary of State, in consultation with the Secretary of the Treasury, the Attorney General, and other relevant agencies, to have engaged, or attempted to engage, in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery (including missiles capable of delivering such weapons), including any efforts to manufacture, acquire, possess, develop, transport, transfer or use such items, by any person or foreign country of proliferation concern; (3) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, to have provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of, any activity or transaction described in clause (2) above or any person whose property and interests in property are blocked pursuant to the Order; and (4) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, to be owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to the Order.

On June 13, 2006, the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, and other relevant agencies, designated two persons whose property and interests in property are blocked pursuant to the Order.

The Department of the Treasury's Office of Foreign Assets Control has determined that these persons no longer meet the criteria for designation under the Order and are appropriate for removal from the list of Specially Designated Nationals and Blocked Persons.

The following persons are removed from the list of Specially Designated Nationals and Blocked Persons:

China Great Wall Industry Corporation (a.k.a. CGWIC; a.k.a. Zhongguo Changcheng Gongye Zonggongsi), No. 30 Haidian Nanlu, Beijing, China; Moscow, Russia; and all other locations worldwide;

G.W. Aerospace, Inc. (a.k.a. Great Wall Aerospace, Inc.), 21515 Hawthorne Blvd., Suite 670, Torrance, CA 90503; California Corporate Number C1458237 (United States).

The removal of the persons' names from the list of Specially Designated Nationals and Blocked Persons is effective as of June 19, 2008. All property and interests in property of these persons that are in or hereafter come within the United States or the possession or control of United States persons are now unblocked.

Dated: June 19, 2008.

Adam J. Szubin,

Director, Office of Foreign Assets Control.