[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: 31CFR586.204]



[Page 378]

 

                  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]