[Federal Register Volume 88, Number 150 (Monday, August 7, 2023)]
[Rules and Regulations]
[Page 52039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16729]


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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 5K and 5L.

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 pursuant 
to the Venezuela Sanctions Regulations: GLs 5K and 5L, each of which 
was previously made available on OFAC's website.

DATES: GL 5K was issued on April 19, 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 April 19, 2023, OFAC issued GL 5K to further delay the 
effectiveness of the authorization that was previously contained in GL 
5. GL 5K was the twelfth iteration of GL 5 and superseded GL 5J (88 FR 
6624). On July 19, 2023, OFAC issued GL 5L, which superseded GL 5K and 
further delayed the effectiveness of the authorization that was 
contained in GL 5. Both GLs were made available on OFAC's website 
(https://ofac.treasury.gov) when they were issued. The text of these 
GLs is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5K

Authorizing Certain Transactions Related to the Petr[oacute]leos de 
Venezuela, S.A. 2020 8.5 Percent Bond on or After July 20, 2023

    (a) Except as provided in paragraph (b) of this general license, on 
or after July 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 April 19, 2023, General License No. 5J, dated January 
17, 2023, is replaced and superseded in its entirety by this General 
License No. 5K.

Andrea M. Gacki,

Director, Office of Foreign Assets Control.

    Dated: April 19, 2023.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5L

Authorizing Certain Transactions Related to the Petr[oacute]leos de 
Venezuela, S.A. 2020 8.5 Percent Bond on or After October 20, 2023

    (a) Except as provided in paragraph (b) of this general license, on 
or after October 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 July 19, 2023, General License No. 5K, dated April 
19, 2023, is replaced and superseded in its entirety by this General 
License No. 5L.

Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: July 19, 2023.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-16729 Filed 8-4-23; 8:45 am]
BILLING CODE 4810-AL-P