Publication of Venezuela Sanctions Regulations Web General Licenses 5K and 5L., 52039 [2023-16729]

Download as PDF Federal Register / Vol. 88, No. 150 / Monday, August 7, 2023 / Rules and Regulations Electronic Availability DEPARTMENT OF THE TREASURY This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Office of Foreign Assets Control 31 CFR Part 591 Background On July 10, 2023, OFAC issued GL 40B to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591. GL 40B was made available on OFAC’s website (https://ofac.treasury.gov/) when it was issued. GL 40B was issued on July 10, 2023 and has an expiration date of July 10, 2024. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 40B ddrumheller on DSK120RN23PROD with RULES1 Bradley T. Smith, Deputy Director, Office of Foreign Assets Control. Dated: July 10, 2023. Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2023–16732 Filed 8–4–23; 8:45 am] BILLING CODE 4810–AL–P 15:10 Aug 04, 2023 Office of Foreign Assets Control, Treasury. ACTION: Publication of web general licenses. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 5K and 5L, each of which was previously made available on OFAC’s website. SUMMARY: GL 5K was issued on April 19, 2023. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Compliance, 202– 622–2490. SUPPLEMENTARY INFORMATION: DATES: Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela (a) Except as provided in paragraph (b) of this general license, all transactions related to the exportation or reexportation, directly or indirectly, of liquefied petroleum gas to Venezuela, involving the Government of Venezuela, Petro´leos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by E.O. 13850 of November 1, 2018, as amended by E.O. 13857 of January 25, 2019, or E.O. 13884 of August 5, 2019, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized through 12:01 a.m. eastern daylight time, July 10, 2024. (b) This general license does not authorize: (1) Any payment-in-kind of petroleum or petroleum products; or (2) Any transactions otherwise prohibited by the VSR, including transactions involving any blocked persons other than PdVSA, any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, or any Government of Venezuela person that is blocked solely pursuant to E.O. 13884. (c) Effective July 10, 2023, General License No. 40A, dated July 7, 2022, is replaced and superseded in its entirety by this General License No. 40B. Note to General License No. 40B: Nothing in this general license relieves any persons from compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security. VerDate Sep<11>2014 Publication of Venezuela Sanctions Regulations Web General Licenses 5K and 5L. Jkt 259001 Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On April 19, 2023, OFAC issued GL 5K to further delay the effectiveness of the authorization that was previously contained in GL 5. GL 5K was the twelfth iteration of GL 5 and superseded GL 5J (88 FR 6624). On July 19, 2023, OFAC issued GL 5L, which superseded GL 5K and further delayed the effectiveness of the authorization that was contained in GL 5. Both GLs were made available on OFAC’s website (https://ofac.treasury.gov) when they were issued. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5K Authorizing Certain Transactions Related to the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond on or After July 20, 2023 (a) Except as provided in paragraph (b) of this general license, on or after PO 00000 Frm 00019 Fmt 4700 Sfmt 9990 52039 July 20, 2023, all transactions related to, the provision of financing for, and other dealings in the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V. (c) Effective April 19, 2023, General License No. 5J, dated January 17, 2023, is replaced and superseded in its entirety by this General License No. 5K. Andrea M. Gacki, Director, Office of Foreign Assets Control. Dated: April 19, 2023. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5L Authorizing Certain Transactions Related to the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond on or After October 20, 2023 (a) Except as provided in paragraph (b) of this general license, on or after October 20, 2023, all transactions related to, the provision of financing for, and other dealings in the Petro´leos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V. (c) Effective July 19, 2023, General License No. 5K, dated April 19, 2023, is replaced and superseded in its entirety by this General License No. 5L. Bradley T. Smith, Deputy Director, Office of Foreign Assets Control. Dated: July 19, 2023. Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2023–16729 Filed 8–4–23; 8:45 am] BILLING CODE 4810–AL–P E:\FR\FM\07AUR1.SGM 07AUR1

Agencies

[Federal Register Volume 88, Number 150 (Monday, August 7, 2023)]
[Rules and Regulations]
[Page 52039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16729]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Sanctions Regulations Web General 
Licenses 5K and 5L.

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general licenses.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing two general licenses (GLs) issued pursuant 
to the Venezuela Sanctions Regulations: GLs 5K and 5L, each of which 
was previously made available on OFAC's website.

DATES: GL 5K was issued on April 19, 2023. See SUPPLEMENTARY 
INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Compliance, 202-622-2490.

SUPPLEMENTARY INFORMATION: 

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: https://ofac.treasury.gov/.

Background

    On April 19, 2023, OFAC issued GL 5K to further delay the 
effectiveness of the authorization that was previously contained in GL 
5. GL 5K was the twelfth iteration of GL 5 and superseded GL 5J (88 FR 
6624). On July 19, 2023, OFAC issued GL 5L, which superseded GL 5K and 
further delayed the effectiveness of the authorization that was 
contained in GL 5. Both GLs were made available on OFAC's website 
(https://ofac.treasury.gov) when they were issued. The text of these 
GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5K

Authorizing Certain Transactions Related to the Petr[oacute]leos de 
Venezuela, S.A. 2020 8.5 Percent Bond on or After July 20, 2023

    (a) Except as provided in paragraph (b) of this general license, on 
or after July 20, 2023, all transactions related to, the provision of 
financing for, and other dealings in the Petr[oacute]leos de Venezuela, 
S.A. 2020 8.5 Percent Bond that would be prohibited by subsection 
l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended 
by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela 
Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized.
    (b) This general license does not authorize any transactions or 
activities otherwise prohibited by the VSR, or any other part of 31 CFR 
chapter V.
    (c) Effective April 19, 2023, General License No. 5J, dated January 
17, 2023, is replaced and superseded in its entirety by this General 
License No. 5K.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: April 19, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5L

Authorizing Certain Transactions Related to the Petr[oacute]leos de 
Venezuela, S.A. 2020 8.5 Percent Bond on or After October 20, 2023

    (a) Except as provided in paragraph (b) of this general license, on 
or after October 20, 2023, all transactions related to, the provision 
of financing for, and other dealings in the Petr[oacute]leos de 
Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by 
subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, 
as amended by E.O. 13857 of January 25, 2019, and incorporated into the 
Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are 
authorized.
    (b) This general license does not authorize any transactions or 
activities otherwise prohibited by the VSR, or any other part of 31 CFR 
chapter V.
    (c) Effective July 19, 2023, General License No. 5K, dated April 
19, 2023, is replaced and superseded in its entirety by this General 
License No. 5L.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: July 19, 2023.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-16729 Filed 8-4-23; 8:45 am]
BILLING CODE 4810-AL-P
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