[Federal Register Volume 88, Number 21 (Wednesday, February 1, 2023)]
[Rules and Regulations]
[Pages 6624-6625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-02047]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
License 5F and Subsequent Iterations
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 five general licenses (GLs) issued in the
Venezuela Sanctions program: GLs 5F, 5G, 5H, 5I, and 5J, each of which
was previously made available on OFAC's website.
DATES: GL 5F was issued on December 23, 2020. 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 December 23, 2020, OFAC issued GL 5F to further delay the
effectiveness of the authorization that was previously contained in GL
5. GL 5F was the seventh iteration of GL 5 and superseded GL 5E (85 FR
76450). Subsequently, OFAC issued four further iterations of GL 5, each
of which further delayed the effectiveness of the authorization that
was previously contained in GL 5: on July 20, 2021, OFAC issued GL 5G,
which superseded GL 5F; on September 10, 2021, OFAC issued GL 5H, which
superseded GL 5G; on January 20, 2022, OFAC issued GL 5I, which
superseded GL 5H; and on January 17, 2023, OFAC issued GL 5J, which
superseded GL 5I. Each GL was made available on OFAC's website
(www.treas.gov/ofac) when it was issued. The text of these GLs is
provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5F
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After July 21, 2021
(a) Except as provided in paragraph (b) of this general license, on
or after July 21, 2021, 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 December 23, 2020, General License No. 5E, dated
October 6, 2020, is replaced and superseded in its entirety by this
General License No. 5F.
Bradley T. Smith,
Deputy Director, Office of Foreign Assets Control.
Dated: December 23, 2020.
[[Page 6625]]
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5G
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After October 21, 2021
(a) Except as provided in paragraph (b) of this general license, on
or after October 21, 2021, 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 20, 2021, General License No. 5F, dated December
23, 2020, is replaced and superseded in its entirety by this General
License No. 5G.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
Dated: July 20, 2021.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5H
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After January 21, 2022
(a) Except as provided in paragraph (b) of this general license, on
or after January 21, 2022, 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 September 10, 2021, General License No. 5G, dated
July 20, 2021, is replaced and superseded in its entirety by this
General License No. 5H.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: September 10, 2021.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5I
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After January 20, 2023
(a) Except as provided in paragraph (b) of this general license, on
or after January 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 January 20, 2022, General License No. 5H, dated
September 10, 2021, is replaced and superseded in its entirety by this
General License No. 5I.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: January 20, 2022.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5J
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After April 20, 2023
(a) Except as provided in paragraph (b) of this general license, on
or after April 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 January 17, 2023, General License No. 5I, dated
January 20, 2022, is replaced and superseded in its entirety by this
General License No. 5J.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: January 17, 2023.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-02047 Filed 1-31-23; 8:45 am]
BILLING CODE 4810-AL-P