[Federal Register Volume 89, Number 46 (Thursday, March 7, 2024)]
[Rules and Regulations]
[Pages 16452-16453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-04851]


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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 43A

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general license.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Venezuela Sanctions Regulations: GL 43A, which was previously 
made available on OFAC's website.

DATES: GL 43A was issued on January 29, 2024. 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.

[[Page 16453]]

Background

    On January 29, 2024, OFAC issued GL 43A to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations (VSR), 31 CFR part 591. The GL was made available on OFAC's 
website (https://ofac.treasury.gov) when it was issued. GL 43A 
superseded GL 43, which was issued on October 18, 2023. GL 43A is now 
expired. The text of GL 43A is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 43A

Authorizing the Wind Down of Transactions Involving CVG Compania 
General de Mineria de Venezuela CA

    (a) Except as provided in paragraph (b) of this general license, 
all transactions that are ordinarily incident and necessary to the wind 
down of any transaction involving CVG Compania General de Mineria de 
Venezuela CA (Minerven), or any entity in which Minerven owns, directly 
or indirectly, a 50 percent or greater interest, that are prohibited by 
Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 13884, 
each as incorporated into the Venezuela Sanctions Regulations, 31 CFR 
part 591 (the VSR), are authorized through 12:01 a.m. eastern standard 
time, February 13, 2024.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the VSR, including any transactions involving 
any person blocked pursuant to the VSR other than the blocked persons 
described in paragraph (a) of this general license, Government of 
Venezuela persons blocked solely pursuant to E.O. 13884, Banco Central 
de Venezuela, or Banco de Venezuela SA Banco Universal.
    (c) Effective January 29, 2024, General License No. 43, dated 
October 18, 2023, is replaced and superseded in its entirety by this 
General License No. 43A.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: January 29, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-04851 Filed 3-6-24; 8:45 am]
BILLING CODE 4810-AL-P