[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR540.403]



[Page 220]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 540_HIGHLY ENRICHED URANIUM (HEU) AGREEMENT ASSETS CONTROL 

REGULATIONS--Table of Contents

 

                        Subpart D_Interpretations

 

Sec. 540.403  Termination and acquisition of an interest in blocked 

property.



    (a) Whenever a transaction licensed or authorized by or pursuant to 

this part results in the transfer of property (including any property 

interest) away from the Government of the Russian Federation, such 

property shall no longer be deemed to be property in which the 

Government of the Russian Federation has or has had an interest unless 

there exists in the property another interest of the Government of the 

Russian Federation, the transfer of which has not been effected pursuant 

to license or other authorization.

    (b) Unless otherwise specifically provided in a license or 

authorization issued pursuant to this part, if property (including any 

property interest) is transferred or attempted to be transferred to the 

Government of the Russian Federation, such property shall be deemed to 

be property in which there exists an interest of the Government of the 

Russian Federation.



[[Page 221]]