Publication of Venezuela Sanctions Regulations Web General Licenses 5O, 8M, and 44A, 35703-35705 [2024-09530]
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Federal Register / Vol. 89, No. 86 / Thursday, May 2, 2024 / Rules and Regulations
(e) Unsafe Condition
This AD was prompted by a report of an
electrical contactor that failed with contacts
in the intermediate position, causing the
airplane to lose power to multiple electrical
systems. The FAA is issuing this AD to
address an electrical failure. The unsafe
condition, if not addressed, could result in
temporary loss of the direct current
emergency electrical network and loss of
control of the airplane.
(f) Compliance
Comply with this AD within the
compliance times specified, unless already
done.
(g) Requirements
Except as specified in paragraph (h) of this
AD: Comply with all required actions and
compliance times specified in, and in
accordance with, EASA AD 2023–0181.
(h) Exceptions to EASA AD 2023–0181
(1) Where EASA AD 2023–0181 refers to its
effective date, this AD requires using the
effective date of this AD.
(2) This AD does not adopt the ‘‘Remarks’’
section of EASA AD 2023–0181.
(i) Additional AD Provisions
The following provisions also apply to this
AD:
(1) Alternative Methods of Compliance
(AMOCs): The Manager, International
Validation Branch, FAA, has the authority to
approve AMOCs for this AD, if requested
using the procedures found in 14 CFR 39.19.
In accordance with 14 CFR 39.19, send your
request to your principal inspector or
responsible Flight Standards Office, as
appropriate. If sending information directly
to the manager of the International Validation
Branch, mail it to the address identified in
paragraph (j) of this AD. Information may be
emailed to: 9-AVS-AIR-730-AMOC@faa.gov.
Before using any approved AMOC, notify
your appropriate principal inspector, or
lacking a principal inspector, the manager of
the responsible Flight Standards Office.
(2) Contacting the Manufacturer: For any
requirement in this AD to obtain instructions
from a manufacturer, the instructions must
be accomplished using a method approved
by the Manager, International Validation
Branch, FAA; or EASA; or ATR—GIE Avions
de Transport Re´gional’s EASA Design
Organization Approval (DOA). If approved by
the DOA, the approval must include the
DOA-authorized signature.
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(j) Additional Information
For more information about this AD,
contact Shahram Daneshmandi, Aviation
Safety Engineer, FAA, 1600 Stewart Avenue,
Suite 410, Westbury, NY 11590; telephone:
206–231–3220; email:
shahram.daneshmandi@faa.gov.
(k) Material Incorporated by Reference
(1) The Director of the Federal Register
approved the incorporation by reference
(IBR) of the service information listed in this
paragraph under 5 U.S.C. 552(a) and 1 CFR
part 51.
VerDate Sep<11>2014
16:20 May 01, 2024
Jkt 262001
(2) You must use this service information
as applicable to do the actions required by
this AD, unless this AD specifies otherwise.
(i) European Union Aviation Safety Agency
(EASA) AD 2023–0181, dated October 13,
2023.
(ii) [Reserved]
(3) For EASA AD 2023–0181, contact
EASA, Konrad-Adenauer-Ufer 3, 50668
Cologne, Germany; telephone +49 221 8999
000; email ADs@easa.europa.eu; website
easa.europa.eu. You may find this EASA AD
on the EASA website at ad.easa.europa.eu.
(4) You may view this material at the FAA,
Airworthiness Products Section, Operational
Safety Branch, 2200 South 216th St., Des
Moines, WA. For information on the
availability of this material at the FAA, call
206–231–3195.
(5) You may view this material at the
National Archives and Records
Administration (NARA). For information on
the availability of this material at NARA,
visit www.archives.gov/federal-register/cfr/
ibr-locations, or email fr.inspection@
nara.gov.
Issued on April 12, 2024.
Victor Wicklund,
Deputy Director, Compliance & Airworthiness
Division, Aircraft Certification Service.
[FR Doc. 2024–09355 Filed 5–1–24; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions
Regulations Web General Licenses 5O,
8M, and 44A
Office of Foreign Assets
Control, Treasury.
AGENCY:
Publication of web general
licenses.
ACTION:
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing three
general licenses (GL) issued pursuant to
the Venezuela Sanctions Regulations:
GL 8M, GL 5O, and GL 44A, each of
which was previously made available
on OFAC’s website.
SUMMARY:
GL 8M was issued on November
16, 2023. See SUPPLEMENTARY
INFORMATION for additional relevant
dates.
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:
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35703
Electronic Availability
This document and additional
information concerning OFAC are
available on OFAC’s website: https://
ofac.treasury.gov.
Background
On November 16, 2023, OFAC issued
GL 8M to authorize certain transactions
otherwise prohibited by the Venezuela
Sanctions Regulations (VSR), 31 CFR
part 591. GL 8M was made available on
OFAC’s website (https://
ofac.treasury.gov/) when it was issued.
GL 8M supersedes GL 8L, which was
issued on May 23, 2023. GL 8M has an
expiration date of May 16, 2024.
On April 15, 2024, OFAC issued GL
5O to authorize certain transactions
otherwise prohibited by the VSR. GL 5O
was made available on OFAC’s website
(https://ofac.treasury.gov/) when it was
issued. GL 5O supersedes GL 5N, which
was issued on January 16, 2024. GL 5O
has an expiration date of August 13,
2024.
On April 17, 2024, OFAC issued GL
44A to authorize certain transactions
otherwise prohibited by the VSR. GL
44A was made available on OFAC’s
website (https://ofac.treasury.gov/)
when it was issued. GL 44A supersedes
GL 44, which was issued on October 18,
2023. GL 44A has an expiration date of
May 31, 2024.
The text of these GLs is provided
below.
OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8M
Authorizing Transactions Involving
Petro´leos de Venezuela, S.A. (PdVSA)
Necessary for the Limited Maintenance
of Essential Operations in Venezuela or
the Wind Down of Operations in
Venezuela for Certain Entities
(a) Except as provided in paragraphs
(c) and (d) of this general license, all
transactions and activities prohibited by
Executive Order (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),
that are ordinarily incident and
necessary to the limited maintenance of
essential operations, contracts, or other
agreements, that: (i) are for safety or the
preservation of assets in Venezuela; (ii)
involve PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50
percent or greater interest; and (iii) were
in effect prior to July 26, 2019, are
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35704
Federal Register / Vol. 89, No. 86 / Thursday, May 2, 2024 / Rules and Regulations
authorized through 12:01 a.m. eastern
daylight time, May 19, 2024, for the
following entities and their subsidiaries
(collectively, the ‘‘Covered Entities’’):
• Halliburton
• Schlumberger Limited
• Baker Hughes Holdings LLC
• Weatherford International, Public
Limited Company
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Note to paragraph (a): Transactions and
activities necessary for safety or the
preservation of assets in Venezuela that are
authorized by paragraph (a) of this general
license include: transactions and activities
necessary to ensure the safety of personnel,
or the integrity of operations and assets in
Venezuela; participation in shareholder and
board of directors meetings; making
payments on third-party invoices for
transactions and activities authorized by
paragraph (a) of this general license, or
incurred prior to April 21, 2020, provided
such activity was authorized at the time it
occurred; payment of local taxes and
purchase of utility services in Venezuela; and
payment of salaries for employees and
contractors in Venezuela.
(b) Except as provided in paragraph
(d) of this general license, all
transactions and activities prohibited by
E.O. 13850, as amended, or E.O. 13884,
each as incorporated into the VSR, that
are ordinarily incident and necessary to
the wind down of operations, contracts,
or other agreements in Venezuela
involving PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50
percent or greater interest, and that were
in effect prior to July 26, 2019, are
authorized through 12:01 a.m. eastern
daylight time, May 16, 2024, for the
Covered Entities.
(c) Paragraph (a) of this general
license does not authorize:
(1) The drilling, lifting, or processing
of, purchase or sale of, or transport or
shipping of any Venezuelan-origin
petroleum or petroleum products;
(2) The provision or receipt of
insurance or reinsurance with respect to
the transactions and activities described
in paragraph (c)(1) of this general
license;
(3) The design, construction,
installation, repair, or improvement of
any wells or other facilities or
infrastructure in Venezuela or the
purchasing or provision of any goods or
services, except as required for safety;
(4) Contracting for additional
personnel or services, except as required
for safety; or
(5) The payment of any dividend,
including in kind, to PdVSA, or any
entity in which PdVSA owns, directly
or indirectly, a 50 percent or greater
interest.
(d) This general license does not
authorize:
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16:20 May 01, 2024
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(1) Any transactions or dealings
related to the exportation or
reexportation of diluents, directly or
indirectly, to Venezuela;
(2) Any loans to, accrual of additional
debt by, or subsidization of PdVSA, or
any entity in which PdVSA owns,
directly or indirectly, a 50 percent or
greater interest, including in kind,
prohibited by E.O. 13808 of August 24,
2017, as amended by E.O. 13857, and
incorporated into the VSR; or
(3) Any transactions or activities
otherwise prohibited by the VSR, or any
other part of 31 CFR chapter V, or any
transactions or activities with any
blocked person other than the blocked
persons identified in paragraphs (a) and
(b) of this general license.
(e) Effective November 16, 2023,
General License No. 8L, dated May 23,
2023, is replaced and superseded in its
entirety by this General License No. 8M.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 16, 2023.
OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5O
Authorizing Certain Transactions
Related to the Petro´leos de Venezuela,
S.A. 2020 8.5 Percent Bond on or After
August 13, 2024
(a) Except as provided in paragraph
(b) of this general license, on or after
August 13, 2024, 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 15, 2024, General
License No. 5N, dated January 16, 2024,
is replaced and superseded in its
entirety by this General License No. 5O.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 15, 2024.
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OFFICE OF FOREIGN ASSETS
CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 44A
Authorizing the Wind Down of
Transactions Related to Oil or Gas
Sector Operations in Venezuela
(a) Except as provided in paragraph
(b) of this general license, all
transactions prohibited by the
Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), including
transactions involving Petro´leos de
Venezuela, S.A. (PdVSA) or any entity
in which PdVSA owns, directly or
indirectly, a 50 percent or greater
interest (collectively, ‘‘PdVSA
Entities’’), that are ordinarily incident
and necessary to the wind down of any
transaction related to oil or gas sector
operations in Venezuela previously
authorized by Venezuela General
License 44 are authorized through 12:01
a.m. eastern daylight time May 31, 2024.
(b) This general license does not
authorize:
(1) Any transactions involving any
financial institution blocked pursuant to
Executive Order (E.O.) 13850 other than
Banco Central de Venezuela or Banco de
Venezuela SA Banco Universal;
(2) The provision of goods or services
to, or new investment in, an entity
located in Venezuela that is owned or
controlled by, or a joint venture with, an
entity located in the Russian Federation;
(3) Any transactions related to new
investment in oil or gas sector
operations in Venezuela by a person
located in the Russian Federation or any
entity owned or controlled by a person
located in the Russian Federation;
(4) Any transactions prohibited by
subsections 1(a)(i)–(iii) or 1(b) of E.O.
13808, other than the payment of
invoices for goods or services related to
oil or gas sector operations in
Venezuela, or delivery of oil or gas from
Venezuela to creditors of the
Government of Venezuela, including
creditors of PdVSA Entities, for the
purpose of debt repayment;
(5) Any transactions prohibited by
E.O. 13827 or E.O. 13835; or
(6) The unblocking of any property
blocked pursuant to the VSR.
(c) Effective April 17, 2024, General
License No. 44, dated October 18, 2023,
is replaced and superseded in its
entirety by this General License No.
44A.
Note to General License No. 44A. Nothing
in this general license relieves any person
from compliance with the requirements of
other Federal agencies, including the
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Federal Register / Vol. 89, No. 86 / Thursday, May 2, 2024 / Rules and Regulations
DHS Department of Homeland Security
FR Federal Register
NPRM Notice of proposed rulemaking
§ Section
U.S.C. United States Code
Department of Commerce’s Bureau of
Industry and Security.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 17, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
II. Background Information and
Regulatory History
[FR Doc. 2024–09530 Filed 5–1–24; 8:45 am]
BILLING CODE 4810–AL–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[Docket Number USCG–2024–0319]
RIN 1625–AA08
Special Local Regulation; Bush River
and Otter Point Creek; Between
Perryman, MD and Edgewood, MD
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
establishing a temporary special local
regulation for certain waters of the Bush
River and Otter Point Creek, in
Maryland. This action is necessary to
provide for the safety of life on these
navigable waters located at Edgewood,
MD during a high-speed power boat race
on May 11, 2024, and May 12, 2024.
This regulation prohibits persons and
vessels (other than those already at
berth at the time the regulation takes
effect) from being in the regulated area
unless authorized by the Captain of the
Port, Sector Maryland-National Capital
Region (COTP), or a designated
representative.
DATES: This rule is effective from 9 a.m.
to 7 p.m. on May 11 and 12, 2024.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2023–
0168 in the search box and click
‘‘Search.’’ Next, in the Document Type
column, select ‘‘Supporting & Related
Material.’’
FOR FURTHER INFORMATION CONTACT: If
you have questions on this rule, call or
email MST2 Hollie Givens, Sector
Maryland-NCR, Waterways Management
Division, U.S. Coast Guard: telephone
410–576–2596, email
MDNCRWaterways@uscg.mil.
SUPPLEMENTARY INFORMATION:
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SUMMARY:
I. Table of Abbreviations
CFR Code of Federal Regulations
COTP Captain of the Port, Sector MarylandNational Capital Region
VerDate Sep<11>2014
16:20 May 01, 2024
Jkt 262001
The Kent Narrows Racing Association
(KNRA) applied for a permit under 33
CFR 100.15 to conduct the Harford
County Spring Nationals Inboard
Hydroplane Race on May 11, 2024, and
May 12, 2024, from 10 a.m. to 6 p.m. on
both days. The high-speed power boat
racing event consists of approximately
60 participating racing boats—including
composite and wood hull inboard
hydroplanes—12 to 28 feet in length.
Following the approval of a permit, the
COTP may issue special local
regulations under 33 CFR 100.35, as the
Coast Guard is doing in the form of this
temporary final rule.
The Coast Guard is issuing this
temporary rule under procedural
authority in 5 U.S.C. 553(b)(B). This
statutory provision authorizes an agency
to issue a rule without prior notice and
opportunity to comment when the
agency for good cause finds that those
procedures are ‘‘impracticable,
unnecessary, or contrary to the public
interest.’’ The Coast Guard finds that
good cause exists for not publishing a
notice of proposed rulemaking (NPRM)
with respect to this rule because it is
impracticable to provide notice,
consider any comments received, and
publish a final rule by May 11, 2024,
when the rule must be in place to
address the potential safety hazards
associated with the high-speed power
boat race.
Also, under 5 U.S.C. 553(d)(3), the
Coast Guard finds that good cause exists
for making this rule effective less than
30 days after publication in the Federal
Register. There are fewer than 30 days
between now and May 11, making a 30day delay in the effective date
impracticable if the rule is to serve its
purpose of addressing to the potential
safety hazards associated with the highspeed power boat race.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority in 46 U.S.C. 70034. The
COTP has determined that potential
hazards associated with the power boat
races would be a safety concern for
anyone intending to participate in this
event and for vessels that operate within
the specified waters of the Bush River
and Otter Point Creek. The purpose of
this rule is to protect event participants,
non-participants, and transiting vessels
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35705
before, during, and after the scheduled
event.
IV. Discussion of the Rule
This rule establishes a regulated area
from 9 a.m. on May 11, 2024, through
7 p.m. on May 12, 2024. Although it
will be in effect during that period, it
will only be enforced from 9 a.m. to 7
p.m. on May 11, 2024, and from 9 a.m.
to 7 p.m. on May 12, 2024. The
regulated area will cover all navigable
waters of the Bush River and Otter Point
Creek, shoreline to shoreline, bounded
to the north by a line drawn from the
western shoreline of the Bush River at
latitude 39°21′15″ N, longitude
076°14′39″ W and thence eastward to
the eastern shoreline of the Bush River
at latitude 39°27′03″ N, longitude
076°13′57″ W, and bounded to the south
by the Amtrak Railroad Bridge, across
the Bush River at mile 6.8, between
Perryman, MD and Edgewood, MD.
These boundaries are based on a
detailed course map for the event which
the Coast Guard received from the
sponsor on March 7, 2023.
The COTP, and the Coast Guard Event
Patrol Commander (or ‘‘Event
PATCOM,’’ a commissioned, warrant, or
petty officer of the U.S. Coast Guard
who has been so designated by the
COTP) will have authority to forbid and
control the movement of all vessels and
persons, including event participants, in
the regulated area. When hailed or
signaled by an official patrol, a vessel or
person in the regulated area will be
required to immediately comply with
the directions given by the COTP or
Event PATCOM. If a person or vessel
fails to follow such directions, the Coast
Guard may expel them from the area,
issue them a citation for failure to
comply, or both.
Except for Harford County Spring
Nationals participants and vessels
already at berth, a vessel or person will
be required to get permission from the
COTP or Event PATCOM before
entering the regulated area. Vessel
operators will be able to request
permission to enter and transit through
the regulated area by contacting the
Event PATCOM on VHF–FM channel
16. Vessel traffic will be able to safely
transit the regulated area once the Event
PATCOM deems it safe to do so. A
vessel within the regulated area must
operate at a safe speed that minimizes
wake. A person or vessel not registered
with the event sponsor as a participant
or assigned as official patrols will be
considered a spectator. Official Patrols
are any vessel assigned or approved by
the COTP with a commissioned,
warrant, or petty officer onboard and
displaying a Coast Guard ensign.
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]]>Agencies
[Federal Register Volume 89, Number 86 (Thursday, May 2, 2024)]
[Rules and Regulations]
[Pages 35703-35705]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09530]
=======================================================================
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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 5O, 8M, and 44A
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of web general licenses.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing three general licenses (GL) issued
pursuant to the Venezuela Sanctions Regulations: GL 8M, GL 5O, and GL
44A, each of which was previously made available on OFAC's website.
DATES: GL 8M was issued on November 16, 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 November 16, 2023, OFAC issued GL 8M to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations (VSR), 31 CFR part 591. GL 8M was made available on OFAC's
website (https://ofac.treasury.gov/) when it was issued. GL 8M
supersedes GL 8L, which was issued on May 23, 2023. GL 8M has an
expiration date of May 16, 2024.
On April 15, 2024, OFAC issued GL 5O to authorize certain
transactions otherwise prohibited by the VSR. GL 5O was made available
on OFAC's website (https://ofac.treasury.gov/) when it was issued. GL
5O supersedes GL 5N, which was issued on January 16, 2024. GL 5O has an
expiration date of August 13, 2024.
On April 17, 2024, OFAC issued GL 44A to authorize certain
transactions otherwise prohibited by the VSR. GL 44A was made available
on OFAC's website (https://ofac.treasury.gov/) when it was issued. GL
44A supersedes GL 44, which was issued on October 18, 2023. GL 44A has
an expiration date of May 31, 2024.
The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 8M
Authorizing Transactions Involving Petr[oacute]leos de Venezuela, S.A.
(PdVSA) Necessary for the Limited Maintenance of Essential Operations
in Venezuela or the Wind Down of Operations in Venezuela for Certain
Entities
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive Order
(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), that
are ordinarily incident and necessary to the limited maintenance of
essential operations, contracts, or other agreements, that: (i) are for
safety or the preservation of assets in Venezuela; (ii) involve PdVSA
or any entity in which PdVSA owns, directly or indirectly, a 50 percent
or greater interest; and (iii) were in effect prior to July 26, 2019,
are
[[Page 35704]]
authorized through 12:01 a.m. eastern daylight time, May 19, 2024, for
the following entities and their subsidiaries (collectively, the
``Covered Entities''):
Halliburton
Schlumberger Limited
Baker Hughes Holdings LLC
Weatherford International, Public Limited Company
Note to paragraph (a): Transactions and activities necessary for
safety or the preservation of assets in Venezuela that are
authorized by paragraph (a) of this general license include:
transactions and activities necessary to ensure the safety of
personnel, or the integrity of operations and assets in Venezuela;
participation in shareholder and board of directors meetings; making
payments on third-party invoices for transactions and activities
authorized by paragraph (a) of this general license, or incurred
prior to April 21, 2020, provided such activity was authorized at
the time it occurred; payment of local taxes and purchase of utility
services in Venezuela; and payment of salaries for employees and
contractors in Venezuela.
(b) Except as provided in paragraph (d) of this general license,
all transactions and activities prohibited by E.O. 13850, as amended,
or E.O. 13884, each as incorporated into the VSR, that are ordinarily
incident and necessary to the wind down of operations, contracts, or
other agreements in Venezuela involving PdVSA or any entity in which
PdVSA owns, directly or indirectly, a 50 percent or greater interest,
and that were in effect prior to July 26, 2019, are authorized through
12:01 a.m. eastern daylight time, May 16, 2024, for the Covered
Entities.
(c) Paragraph (a) of this general license does not authorize:
(1) The drilling, lifting, or processing of, purchase or sale of,
or transport or shipping of any Venezuelan-origin petroleum or
petroleum products;
(2) The provision or receipt of insurance or reinsurance with
respect to the transactions and activities described in paragraph
(c)(1) of this general license;
(3) The design, construction, installation, repair, or improvement
of any wells or other facilities or infrastructure in Venezuela or the
purchasing or provision of any goods or services, except as required
for safety;
(4) Contracting for additional personnel or services, except as
required for safety; or
(5) The payment of any dividend, including in kind, to PdVSA, or
any entity in which PdVSA owns, directly or indirectly, a 50 percent or
greater interest.
(d) This general license does not authorize:
(1) Any transactions or dealings related to the exportation or
reexportation of diluents, directly or indirectly, to Venezuela;
(2) Any loans to, accrual of additional debt by, or subsidization
of PdVSA, or any entity in which PdVSA owns, directly or indirectly, a
50 percent or greater interest, including in kind, prohibited by E.O.
13808 of August 24, 2017, as amended by E.O. 13857, and incorporated
into the VSR; or
(3) Any transactions or activities otherwise prohibited by the VSR,
or any other part of 31 CFR chapter V, or any transactions or
activities with any blocked person other than the blocked persons
identified in paragraphs (a) and (b) of this general license.
(e) Effective November 16, 2023, General License No. 8L, dated May
23, 2023, is replaced and superseded in its entirety by this General
License No. 8M.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: November 16, 2023.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5O
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After August 13, 2024
(a) Except as provided in paragraph (b) of this general license, on
or after August 13, 2024, 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 15, 2024, General License No. 5N, dated January
16, 2024, is replaced and superseded in its entirety by this General
License No. 5O.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 15, 2024.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 44A
Authorizing the Wind Down of Transactions Related to Oil or Gas Sector
Operations in Venezuela
(a) Except as provided in paragraph (b) of this general license,
all transactions prohibited by the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), including transactions involving
Petr[oacute]leos de Venezuela, S.A. (PdVSA) or any entity in which
PdVSA owns, directly or indirectly, a 50 percent or greater interest
(collectively, ``PdVSA Entities''), that are ordinarily incident and
necessary to the wind down of any transaction related to oil or gas
sector operations in Venezuela previously authorized by Venezuela
General License 44 are authorized through 12:01 a.m. eastern daylight
time May 31, 2024.
(b) This general license does not authorize:
(1) Any transactions involving any financial institution blocked
pursuant to Executive Order (E.O.) 13850 other than Banco Central de
Venezuela or Banco de Venezuela SA Banco Universal;
(2) The provision of goods or services to, or new investment in, an
entity located in Venezuela that is owned or controlled by, or a joint
venture with, an entity located in the Russian Federation;
(3) Any transactions related to new investment in oil or gas sector
operations in Venezuela by a person located in the Russian Federation
or any entity owned or controlled by a person located in the Russian
Federation;
(4) Any transactions prohibited by subsections 1(a)(i)-(iii) or
1(b) of E.O. 13808, other than the payment of invoices for goods or
services related to oil or gas sector operations in Venezuela, or
delivery of oil or gas from Venezuela to creditors of the Government of
Venezuela, including creditors of PdVSA Entities, for the purpose of
debt repayment;
(5) Any transactions prohibited by E.O. 13827 or E.O. 13835; or
(6) The unblocking of any property blocked pursuant to the VSR.
(c) Effective April 17, 2024, General License No. 44, dated October
18, 2023, is replaced and superseded in its entirety by this General
License No. 44A.
Note to General License No. 44A. Nothing in this general license
relieves any person from compliance with the requirements of other
Federal agencies, including the
[[Page 35705]]
Department of Commerce's Bureau of Industry and Security.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: April 17, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-09530 Filed 5-1-24; 8:45 am]
BILLING CODE 4810-AL-P
