[Federal Register Volume 86, Number 200 (Wednesday, October 20, 2021)]
[Rules and Regulations]
[Pages 58016-58018]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22834]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Web General License 7 and Subsequent 
Iterations

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 four Venezuela-related web general 
licenses (GLs) in the Federal Register: GL 7, GL 7A, and GL 7B, each of 
which is now expired and was previously issued on OFAC's website, as 
well as GL 7C, which was also previously issued on OFAC's website.

DATES: GL 7C was issued on August 5, 2019. See SUPPLEMENTARY 
INFORMATION of this document 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 Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On March 8, 2015, the President, invoking the authority of, inter 
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
1706), issued Executive Order (E.O.) 13692, ``Blocking Property and 
Suspending Entry of Persons Contributing to the

[[Page 58017]]

Situation in Venezuela'' (80 FR 12747, March 11, 2015). In E.O. 13692, 
the President found that the situation in Venezuela, including the 
Government of Venezuela's erosion of human rights guarantees, 
persecution of political opponents, curtailment of press freedoms, use 
of violence and human rights violations and abuses in response to 
antigovernment protests, and arbitrary arrest and detention of 
antigovernment protestors, as well as the exacerbating presence of 
significant public corruption, constitutes an unusual and extraordinary 
threat to the national security and foreign policy of the United 
States, and declared a national emergency to deal with that threat.
    The President issued six additional E.O.s pursuant to the national 
emergency declared in E.O. 13692: E.O. 13808 of August 24, 2017, 
``Imposing Additional Sanctions With Respect to the Situation in 
Venezuela'' (82 FR 41155, August 29, 2017); E.O. 13827 of March 19, 
2018, ``Taking Additional Steps to Address the Situation in Venezuela'' 
(83 FR 12469, March 21, 2018); E.O. 13835 of May 21, 2018, 
``Prohibiting Certain Additional Transactions With Respect to 
Venezuela'' (83 FR 24001, May 24, 2018); E.O. 13850 of November 1, 
2018, ``Blocking Property of Additional Persons Contributing to the 
Situation in Venezuela'' (83 FR 55243, November 2, 2018); E.O. 13857 of 
January 25, 2019, ``Taking Additional Steps To Address the National 
Emergency With Respect to Venezuela'' (84 FR 509, January 30, 2019); 
and E.O. 13884 of August 5, 2019, ``Blocking Property of the Government 
of Venezuela'' (84 FR 38843, August 7, 2019).
    OFAC, in consultation with the Department of State, issued GL 7 on 
January 28, 2019, pursuant to E.O. 13850, as amended. Paragraph (a) of 
GL 7 authorized certain transactions and activities with respect to PDV 
Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their 
subsidiaries. Paragraph (b) of GL 7 authorized PDVH, CITGO Holding, 
Inc., and any of their subsidiaries to engage in certain transactions 
and activities ordinarily incident and necessary to the purchase and 
importation of petroleum and petroleum products from PdVSA and any 
entity in which PdVSA owns, directly or indirectly, a 50 percent or 
greater interest. Subsequently, OFAC issued three further iterations of 
GL 7, which extended the authorization, and in later iterations, 
modified the scope of the authorization, and incorporated additional 
Executive orders.
    The authorization found in paragraph (a) of GL 7 was valid through 
12:01 a.m. eastern daylight time, July 27, 2019. The authorization 
found in paragraph (a) in each of GLs 7A, 7B, and 7C automatically 
renews on the first day of each month and is valid for a period of 18 
months from the effective date of the respective GL or the date of any 
subsequent renewal of the respective GL, whichever is later. As such, 
the authorization found in paragraph (a) of GL 7C remains effective 
until it is revoked by OFAC or until GL 7C is superseded by a 
subsequent renewal. The authorization found in paragraph (b) in each of 
GLs 7, 7A, 7B, and 7C expired on April 28, 2019.
    On March 14, 2019, OFAC issued GL 7A, which replaced and superseded 
GL 7; on June 6, 2019, OFAC issued GL 7B, which replaced and superseded 
GL 7A; and on August 5, 2019, OFAC issued GL 7C, which replaced and 
superseded GL 7B. The texts of the following four Venezuela GLs are 
provided below: GLs 7, 7A, 7B, and 7C.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018--Blocking Property of 
Additional Persons Contributing to the Situation in Venezuela

GENERAL LICENSE NO. 7

Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO 
Holding, Inc.

    (a) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions and activities prohibited by Executive 
Order 13850 with respect to PDV Holding, Inc. (PDVH), CITGO Holding, 
Inc., and any of their subsidiaries are authorized, where the only 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are 
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This 
authorization is valid through 12:01 a.m. eastern daylight time, 
July 27, 2019.
    (b) Except as provided in paragraphs (c) and (d) of this general 
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries 
are authorized to engage in all transactions and activities 
prohibited by Executive Order 13850 that are ordinarily incident and 
necessary to the purchase and importation of petroleum and petroleum 
products from PdVSA and any entity in which PdVSA owns, directly or 
indirectly, a 50 percent or greater interest. This authorization is 
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
    (c) Any payment to or for the direct or indirect benefit of a 
blocked person other than PDVH, CITGO Holding, Inc., and any of 
their subsidiaries that is ordinarily incident and necessary to give 
effect to transactions authorized in paragraphs (a) or (b) of this 
general license must be made into a blocked, interest-bearing 
account located in the United States in accordance with 31 CFR 
591.203.
    (d) This general license does not authorize:
    (1) Any exportation or reexportation of any goods, services, or 
technology, directly or indirectly, by U.S. persons, wherever 
located, or from the United States, to PdVSA or any entity owned 50 
percent or more, directly or indirectly, by PdVSA, other than PDVH, 
CITGO Holding, Inc., or any of their subsidiaries, or to any other 
blocked persons;
    (2) Any transaction that is otherwise prohibited under Executive 
Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 
2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 
of August 24, 2017, Executive Order 13692 of March 8, 2015, or any 
part of 31 CFR chapter V, or any transactions or dealings with any 
blocked person other than the transactions described in paragraphs 
(a) and (b) of this general license; or
    (3) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).

    Dated: January 28, 2019.

Andrea Gacki,

Director, Office of Foreign Assets Control.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018--Blocking Property of 
Additional Persons Contributing to the Situation in Venezuela

GENERAL LICENSE NO. 7A

Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO 
Holding, Inc.

    (a) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions and activities prohibited by Executive 
Order 13850 with respect to PDV Holding, Inc. (PDVH), CITGO Holding, 
Inc., and any of their subsidiaries are authorized, where the only 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are 
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This 
authorization automatically renews on the first day of each month, 
and is valid for a period of 18 months from the effective date of 
General License No. 7A or the date of any subsequent renewal of 
General License No. 7A, whichever is later.
    (b) Except as provided in paragraphs (c) and (d) of this general 
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries 
are authorized to engage in all transactions and activities 
prohibited by Executive Order 13850 that are ordinarily incident and 
necessary to the purchase and importation of petroleum and petroleum 
products from PdVSA and any entity in which PdVSA owns, directly or 
indirectly, a 50 percent or greater interest. This authorization is 
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
    (c) Any payment to or for the direct or indirect benefit of a 
blocked person other than PDVH, CITGO Holding, Inc., and any of 
their subsidiaries that is ordinarily incident and necessary to give 
effect to transactions authorized in paragraphs (a) or (b) of this 
general license must be made into a blocked, interest-bearing 
account located in the United States in accordance with 31 CFR 
591.203.
    (d) This general license does not authorize:
    (1) Any exportation or reexportation of any goods, services, or 
technology, directly or

[[Page 58018]]

indirectly, by U.S. persons, wherever located, or from the United 
States, to PdVSA or any entity owned 50 percent or more, directly or 
indirectly, by PdVSA, other than PDVH, CITGO Holding, Inc., or any 
of their subsidiaries, or to any other blocked persons;
    (2) Any transaction that is otherwise prohibited under Executive 
Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 
2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 
of August 24, 2017, Executive Order 13692 of March 8, 2015, or any 
part of 31 CFR chapter V, or any transactions or dealings with any 
blocked person other than the transactions described in paragraphs 
(a) and (b) of this general license; or
    (3) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
    (e) Effective March 14, 2019, General License No. 7, dated 
January 28, 2019, is replaced and superseded in its entirety by this 
General License No. 7A.

Andrea Gacki,

Director, Office of Foreign Assets Control.

    Dated: March 14, 2019.

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018--Blocking Property of 
Additional Persons Contributing to the Situation in Venezuela

GENERAL LICENSE NO. 7B

Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO 
Holding, Inc.

    (a) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions and activities prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, 
with respect to PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and 
any of their subsidiaries are authorized, where the only 
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are 
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This 
authorization automatically renews on the first day of each month, 
and is valid for a period of 18 months from the effective date of 
General License No. 7B or the date of any subsequent renewal of 
General License No. 7B, whichever is later.
    (b) Except as provided in paragraphs (c) and (d) of this general 
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries 
are authorized to engage in all transactions and activities 
prohibited by E.O. 13850 that are ordinarily incident and necessary 
to the purchase and importation of petroleum and petroleum products 
from PdVSA and any entity in which PdVSA owns, directly or 
indirectly, a 50 percent or greater interest. This authorization is 
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
    (c) Any payment to or for the direct or indirect benefit of a 
blocked person other than PDVH, CITGO Holding, Inc., and any of 
their subsidiaries that is ordinarily incident and necessary to give 
effect to transactions authorized in paragraphs (a) or (b) of this 
general license must be made into a blocked, interest-bearing 
account located in the United States in accordance with 31 CFR 
591.203.
    (d) This general license does not authorize:
    (1) Any exportation or reexportation of any goods, services, or 
technology, directly or indirectly, by U.S. persons, wherever 
located, or from the United States, to PdVSA or any entity owned 50 
percent or more, directly or indirectly, by PdVSA, other than PDVH, 
CITGO Holding, Inc., or any of their subsidiaries, or to any other 
blocked persons;
    (2) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela;
    (3) Any transaction that is otherwise prohibited by E.O. 13850, 
E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808 
of August 24, 2017, E.O. 13692 of March 8, 2015, each as amended by 
E.O. 13857, or any part of 31 CFR chapter V, or any transactions or 
dealings with any blocked person other than the transactions 
described in paragraphs (a) and (b) of this general license; or
    (4) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
    (e) Effective June 6, 2019, General License No. 7A, dated March 
14, 2019, is replaced and superseded in its entirety by this General 
License No. 7B.

Andrea Gacki,

Director, Office of Foreign Assets Control.

    Dated: June 6, 2019

OFFICE OF FOREIGN ASSETS CONTROL

Executive Order 13850 of November 1, 2018--Blocking Property of 
Additional Persons Contributing to the Situation in Venezuela

Executive Order of August 5, 2019--Blocking Property of the 
Government of Venezuela

GENERAL LICENSE NO. 7C

Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO 
Holding, Inc.

    (a) Except as provided in paragraphs (c) and (d) of this general 
license, all transactions and activities prohibited by Executive 
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or 
E.O. of August 5, 2019, with respect to PDV Holding, Inc. (PDVH), 
CITGO Holding, Inc., and any of their subsidiaries are authorized, 
where the only Government of Venezuela entities involved are PDVH, 
CITGO Holding, Inc., or any of their subsidiaries. This 
authorization automatically renews on the first day of each month, 
and is valid for a period of 18 months from the effective date of 
General License No. 7C or the date of any subsequent renewal of 
General License No. 7C, whichever is later.
    (b) Except as provided in paragraphs (c) and (d) of this general 
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries 
are authorized to engage in all transactions and activities 
prohibited by E.O. 13850, as amended, that are ordinarily incident 
and necessary to the purchase and importation of petroleum and 
petroleum products from Petr[oacute]leos de Venezuela, S.A. (PdVSA) 
and any entity in which PdVSA owns, directly or indirectly, a 50 
percent or greater interest. This authorization is valid through 
12:01 a.m. eastern daylight time, April 28, 2019.
    (c) Any payment to or for the direct or indirect benefit of a 
blocked person other than PDVH, CITGO Holding, Inc., and any of 
their subsidiaries that is ordinarily incident and necessary to give 
effect to transactions authorized in paragraphs (a) or (b) of this 
general license must be made into a blocked, interest-bearing 
account located in the United States in accordance with 31 CFR 
591.203.
    (d) This general license does not authorize:
    (1) Any exportation or reexportation of any goods, services, or 
technology, directly or indirectly, by U.S. persons, wherever 
located, from the United States to the Government of Venezuela, 
other than to PDVH, CITGO Holding, Inc., or any of their 
subsidiaries, or to any other blocked persons;
    (2) Any transactions or dealings related to the exportation or 
reexportation of diluents, directly or indirectly, to Venezuela;
    (3) Any transaction that is otherwise prohibited by E.O. of 
August 5, 2019, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 
13827 of March 19, 2018, E.O. 13808 of August 24, 2017, or E.O. 
13692 of March 8, 2015, each as amended by E.O. 13857, or any part 
of 31 CFR chapter V, or any transactions or dealings with any 
blocked person other than the transactions described in paragraphs 
(a) and (b) of this general license; or
    (4) The unblocking of any property blocked pursuant to any part 
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
    (e) Effective August 5, 2019, General License No. 7B, dated June 
6, 2019, is replaced and superseded in its entirety by this General 
License No. 7C.

Andrea Gacki,

Director, Office of Foreign Assets Control.

    Dated: August 5, 2019.

    Dated: October 15, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2021-22834 Filed 10-19-21; 8:45 am]
BILLING CODE 4810-AL-P