[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]


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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.

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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 GL 5F was the seventh iteration of GL 5 and superseded GL 5E (85 FR 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which superseded GL 5F; on September 10, 2021, OFAC issued GL 5H, which 
superseded GL 5G; on January 20, 2022, OFAC issued GL 5I, which 
superseded GL 5H; and on January 17, 2023, OFAC issued GL 5J, which 
superseded GL 5I.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