[Federal Register Volume 87, Number 158 (Wednesday, August 17, 2022)]
[Rules and Regulations]
[Page 50572]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-17645]


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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 40 and 40A

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 in the 
Venezuela Sanctions program: GL 40, which was previously made available 
on OFAC's website and is now expired, and GL 40A, which was also 
previously made available on OFAC's website and expires on July 12, 
2023.

DATES: GL 40 was issued on July 12, 2021. GL 40A was issued on July 7, 
2022. 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 Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On July 12, 2021, OFAC issued GL 40 to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations, 31 CFR part 591. GL 40 had an expiration date of July 8, 
2022. On July 7, 2022, OFAC issued GL 40A, which replaced and 
superseded GL 40 and has an expiration date of July 12, 2023. GLs 40 
and 40A were each made available on OFAC's website (www.treas.gov/ofac) 
at the time of publication. The text of GLs 40 and 40A is provided 
below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations 31 CFR part 591

GENERAL LICENSE NO. 40

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 and activities related to the exportation or 
reexportation, directly or indirectly, of liquefied petroleum gas to 
Venezuela, involving the Government of Venezuela, Petr[oacute]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 8, 2022.
    (b) This general license does not authorize:
    (1) Any payment-in-kind of petroleum or petroleum products; or
    (2) Any transactions or activities otherwise prohibited by the 
VSR, prohibited by any other part of 31 CFR chapter V, or 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.
    Note to General License No. 40: 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.

Andrea Gacki,

Director, Office of Foreign Assets Control

    Dated: July 12, 2021

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations 31 CFR Part 591

GENERAL LICENSE NO. 40A

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 and activities related to the exportation or 
reexportation, directly or indirectly, of liquefied petroleum gas to 
Venezuela, involving the Government of Venezuela, Petr[oacute]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 12, 2023.
    (b) This general license does not authorize:
    (1) Any payment-in-kind of petroleum or petroleum products; or
    (2) Any transactions or activities otherwise prohibited by the 
VSR, prohibited by any other part of 31 CFR chapter V, or 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 7, 2022, General License No. 40, dated July 
12, 2021, is replaced and superseded in its entirety by this General 
License No. 40A.
    Note to General License No. 40A: 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.

Andrea Gacki,

Director, Office of Foreign Assets Control

    Dated: July 7, 2022

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-17645 Filed 8-16-22; 8:45 am]
BILLING CODE 4810-AL-P