[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR586.204]

[Page 859]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 586--FEDERAL REPUBLIC OF YUGOSLAVIA (SERBIA & MONTENEGRO) KOSOVO SANCTIONS REGULATIONS--Table of Contents
 
                         Subpart B--Prohibitions
 
Sec. 586.204  Prohibited new investment within Serbia.

    Except as otherwise provided in regulations, orders, directives, or 
licenses that may hereafter be issued pursuant to this order, all new 
investment in the territory of the Republic of Serbia by United States 
persons, and the approval or other facilitation by United States persons 
of other persons' new investment in the territory of the Republic of 
Serbia, are prohibited.

    Note to Sec. 586.204: Section 1(b) of Executive Order 13192 of 
January 17, 2001 (66 FR 7379, January 23, 2001), revoked section 3 of 
Executive Order 13088 of June 9, 1998 (63 FR 32109, June 12, 1998), 
which prohibited all new investment by United States persons in the 
territory of the Republic of Serbia and the approval and other 
facilitation by United States persons of other persons' new investment 
in the territory of the Republic of Serbia. Consequently, with the 
exception of transactions involving property or interests in property of 
persons designated in or pursuant to 31 CFR Sec. 587.201(a), the new 
investment activities of United States persons in the territory of the 
Republic of Serbia on or after January 19, 2001, are not prohibited by 
Sec. 586.204.

[63 FR 54576, Oct. 13, 1998, as amended at 66 FR 50509, Oct. 3, 2001]