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OFFICE OF FOREIGN ASSETS CONTROL
Western Balkans Stabilization Regulations
31 CFR part 588
GENERAL LICENSE NO. 3
Authorizing Certain Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, Software Updates, or Medical Prevention, Diagnosis, or Treatment, or Clinical Trials Involving Orka Holding AD
(a) Except as provided in paragraph (c) of this general license, all transactions prohibited by the Western Balkans Stabilization Regulations (WBSR), 31 CFR part 588, involving Orka Holding AD, or any entity in which Orka Holding AD owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, related to the following are authorized: (1) the production, manufacturing, sale, transport, or provision of agricultural commodities, agricultural equipment, medicine, medical devices, replacement parts and components for medical devices, or software updates for medical devices; (2)...
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1) Compare Russia-related GL 6. This is an unusual GL insofar as it as an ag/med GL that applies to a single blocked entity. The scope of the GL is almost identical to that of Russia-related GL 6, except that were Russia-related GL 6C applies to "the prevention, diagnosis, or treatment of COVID-19," this GL applies to "the prevention, diagnosis, or treatment of any disease or medical condition". See comments to Russia-related GL 6C and General Note on the Standard Ag/Med GLs for List-based Blocking Programs (System Ed. Note) for more on scoping.
2) Read in conjunction with FAQ # 1140 ("non-U.S. persons generally would not face sanctions risk for engaging in activities authorized for U.S. persons").
3) Note that the WBSE has its...