Rule2021-22834
Publication of Venezuela Web General License 7 and Subsequent Iterations
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 20, 2021
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing four Venezuela-related web general licenses (GLs) in the Federal Register: GL 7, GL 7A, and GL 7B, each of which is now expired and was previously issued on OFAC's website, as well as GL 7C, which was also previously issued on OFAC's website.
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 200 (Wednesday, October 20, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 200 (Wednesday, October 20, 2021)]
[Rules and Regulations]
[Pages 58016-58018]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22834]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Web General License 7 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 four Venezuela-related web general
licenses (GLs) in the Federal Register: GL 7, GL 7A, and GL 7B, each of
which is now expired and was previously issued on OFAC's website, as
well as GL 7C, which was also previously issued on OFAC's website.
DATES: GL 7C was issued on August 5, 2019. See SUPPLEMENTARY
INFORMATION of this document 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: <a href="http://www.treasury.gov/ofac">www.treasury.gov/ofac</a>.
Background
On March 8, 2015, the President, invoking the authority of, inter
alia, the International Emergency Economic Powers Act (50 U.S.C. 1701-
1706), issued Executive Order (E.O.) 13692, ``Blocking Property and
Suspending Entry of Persons Contributing to the
[[Page 58017]]
Situation in Venezuela'' (80 FR 12747, March 11, 2015). In E.O. 13692,
the President found that the situation in Venezuela, including the
Government of Venezuela's erosion of human rights guarantees,
persecution of political opponents, curtailment of press freedoms, use
of violence and human rights violations and abuses in response to
antigovernment protests, and arbitrary arrest and detention of
antigovernment protestors, as well as the exacerbating presence of
significant public corruption, constitutes an unusual and extraordinary
threat to the national security and foreign policy of the United
States, and declared a national emergency to deal with that threat.
The President issued six additional E.O.s pursuant to the national
emergency declared in E.O. 13692: E.O. 13808 of August 24, 2017,
``Imposing Additional Sanctions With Respect to the Situation in
Venezuela'' (82 FR 41155, August 29, 2017); E.O. 13827 of March 19,
2018, ``Taking Additional Steps to Address the Situation in Venezuela''
(83 FR 12469, March 21, 2018); E.O. 13835 of May 21, 2018,
``Prohibiting Certain Additional Transactions With Respect to
Venezuela'' (83 FR 24001, May 24, 2018); E.O. 13850 of November 1,
2018, ``Blocking Property of Additional Persons Contributing to the
Situation in Venezuela'' (83 FR 55243, November 2, 2018); E.O. 13857 of
January 25, 2019, ``Taking Additional Steps To Address the National
Emergency With Respect to Venezuela'' (84 FR 509, January 30, 2019);
and E.O. 13884 of August 5, 2019, ``Blocking Property of the Government
of Venezuela'' (84 FR 38843, August 7, 2019).
OFAC, in consultation with the Department of State, issued GL 7 on
January 28, 2019, pursuant to E.O. 13850, as amended. Paragraph (a) of
GL 7 authorized certain transactions and activities with respect to PDV
Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their
subsidiaries. Paragraph (b) of GL 7 authorized PDVH, CITGO Holding,
Inc., and any of their subsidiaries to engage in certain transactions
and activities ordinarily incident and necessary to the purchase and
importation of petroleum and petroleum products from PdVSA and any
entity in which PdVSA owns, directly or indirectly, a 50 percent or
greater interest. Subsequently, OFAC issued three further iterations of
GL 7, which extended the authorization, and in later iterations,
modified the scope of the authorization, and incorporated additional
Executive orders.
The authorization found in paragraph (a) of GL 7 was valid through
12:01 a.m. eastern daylight time, July 27, 2019. The authorization
found in paragraph (a) in each of GLs 7A, 7B, and 7C automatically
renews on the first day of each month and is valid for a period of 18
months from the effective date of the respective GL or the date of any
subsequent renewal of the respective GL, whichever is later. As such,
the authorization found in paragraph (a) of GL 7C remains effective
until it is revoked by OFAC or until GL 7C is superseded by a
subsequent renewal. The authorization found in paragraph (b) in each of
GLs 7, 7A, 7B, and 7C expired on April 28, 2019.
On March 14, 2019, OFAC issued GL 7A, which replaced and superseded
GL 7; on June 6, 2019, OFAC issued GL 7B, which replaced and superseded
GL 7A; and on August 5, 2019, OFAC issued GL 7C, which replaced and
superseded GL 7B. The texts of the following four Venezuela GLs are
provided below: GLs 7, 7A, 7B, and 7C.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018--Blocking Property of
Additional Persons Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 7
Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO
Holding, Inc.
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive
Order 13850 with respect to PDV Holding, Inc. (PDVH), CITGO Holding,
Inc., and any of their subsidiaries are authorized, where the only
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This
authorization is valid through 12:01 a.m. eastern daylight time,
July 27, 2019.
(b) Except as provided in paragraphs (c) and (d) of this general
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries
are authorized to engage in all transactions and activities
prohibited by Executive Order 13850 that are ordinarily incident and
necessary to the purchase and importation of petroleum and petroleum
products from PdVSA and any entity in which PdVSA owns, directly or
indirectly, a 50 percent or greater interest. This authorization is
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
(c) Any payment to or for the direct or indirect benefit of a
blocked person other than PDVH, CITGO Holding, Inc., and any of
their subsidiaries that is ordinarily incident and necessary to give
effect to transactions authorized in paragraphs (a) or (b) of this
general license must be made into a blocked, interest-bearing
account located in the United States in accordance with 31 CFR
591.203.
(d) This general license does not authorize:
(1) Any exportation or reexportation of any goods, services, or
technology, directly or indirectly, by U.S. persons, wherever
located, or from the United States, to PdVSA or any entity owned 50
percent or more, directly or indirectly, by PdVSA, other than PDVH,
CITGO Holding, Inc., or any of their subsidiaries, or to any other
blocked persons;
(2) Any transaction that is otherwise prohibited under Executive
Order 13850 of November 1, 2018, Executive Order 13835 of May 21,
2018, Executive Order 13827 of March 19, 2018, Executive Order 13808
of August 24, 2017, Executive Order 13692 of March 8, 2015, or any
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the transactions described in paragraphs
(a) and (b) of this general license; or
(3) The unblocking of any property blocked pursuant to any part
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
Dated: January 28, 2019.
Andrea Gacki,
Director, Office of Foreign Assets Control.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018--Blocking Property of
Additional Persons Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 7A
Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO
Holding, Inc.
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive
Order 13850 with respect to PDV Holding, Inc. (PDVH), CITGO Holding,
Inc., and any of their subsidiaries are authorized, where the only
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This
authorization automatically renews on the first day of each month,
and is valid for a period of 18 months from the effective date of
General License No. 7A or the date of any subsequent renewal of
General License No. 7A, whichever is later.
(b) Except as provided in paragraphs (c) and (d) of this general
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries
are authorized to engage in all transactions and activities
prohibited by Executive Order 13850 that are ordinarily incident and
necessary to the purchase and importation of petroleum and petroleum
products from PdVSA and any entity in which PdVSA owns, directly or
indirectly, a 50 percent or greater interest. This authorization is
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
(c) Any payment to or for the direct or indirect benefit of a
blocked person other than PDVH, CITGO Holding, Inc., and any of
their subsidiaries that is ordinarily incident and necessary to give
effect to transactions authorized in paragraphs (a) or (b) of this
general license must be made into a blocked, interest-bearing
account located in the United States in accordance with 31 CFR
591.203.
(d) This general license does not authorize:
(1) Any exportation or reexportation of any goods, services, or
technology, directly or
[[Page 58018]]
indirectly, by U.S. persons, wherever located, or from the United
States, to PdVSA or any entity owned 50 percent or more, directly or
indirectly, by PdVSA, other than PDVH, CITGO Holding, Inc., or any
of their subsidiaries, or to any other blocked persons;
(2) Any transaction that is otherwise prohibited under Executive
Order 13850 of November 1, 2018, Executive Order 13835 of May 21,
2018, Executive Order 13827 of March 19, 2018, Executive Order 13808
of August 24, 2017, Executive Order 13692 of March 8, 2015, or any
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the transactions described in paragraphs
(a) and (b) of this general license; or
(3) The unblocking of any property blocked pursuant to any part
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(e) Effective March 14, 2019, General License No. 7, dated
January 28, 2019, is replaced and superseded in its entirety by this
General License No. 7A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 14, 2019.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018--Blocking Property of
Additional Persons Contributing to the Situation in Venezuela
GENERAL LICENSE NO. 7B
Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO
Holding, Inc.
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019,
with respect to PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and
any of their subsidiaries are authorized, where the only
Petr[oacute]leos de Venezuela, S.A. (PdVSA) entities involved are
PDVH, CITGO Holding, Inc., or any of their subsidiaries. This
authorization automatically renews on the first day of each month,
and is valid for a period of 18 months from the effective date of
General License No. 7B or the date of any subsequent renewal of
General License No. 7B, whichever is later.
(b) Except as provided in paragraphs (c) and (d) of this general
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries
are authorized to engage in all transactions and activities
prohibited by E.O. 13850 that are ordinarily incident and necessary
to the purchase and importation of petroleum and petroleum products
from PdVSA and any entity in which PdVSA owns, directly or
indirectly, a 50 percent or greater interest. This authorization is
valid through 12:01 a.m. eastern daylight time, April 28, 2019.
(c) Any payment to or for the direct or indirect benefit of a
blocked person other than PDVH, CITGO Holding, Inc., and any of
their subsidiaries that is ordinarily incident and necessary to give
effect to transactions authorized in paragraphs (a) or (b) of this
general license must be made into a blocked, interest-bearing
account located in the United States in accordance with 31 CFR
591.203.
(d) This general license does not authorize:
(1) Any exportation or reexportation of any goods, services, or
technology, directly or indirectly, by U.S. persons, wherever
located, or from the United States, to PdVSA or any entity owned 50
percent or more, directly or indirectly, by PdVSA, other than PDVH,
CITGO Holding, Inc., or any of their subsidiaries, or to any other
blocked persons;
(2) Any transactions or dealings related to the exportation or
reexportation of diluents, directly or indirectly, to Venezuela;
(3) Any transaction that is otherwise prohibited by E.O. 13850,
E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808
of August 24, 2017, E.O. 13692 of March 8, 2015, each as amended by
E.O. 13857, or any part of 31 CFR chapter V, or any transactions or
dealings with any blocked person other than the transactions
described in paragraphs (a) and (b) of this general license; or
(4) The unblocking of any property blocked pursuant to any part
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(e) Effective June 6, 2019, General License No. 7A, dated March
14, 2019, is replaced and superseded in its entirety by this General
License No. 7B.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: June 6, 2019
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018--Blocking Property of
Additional Persons Contributing to the Situation in Venezuela
Executive Order of August 5, 2019--Blocking Property of the
Government of Venezuela
GENERAL LICENSE NO. 7C
Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO
Holding, Inc.
(a) Except as provided in paragraphs (c) and (d) of this general
license, all transactions and activities prohibited by Executive
Order (E.O.) 13850, as amended by E.O. 13857 of January 25, 2019, or
E.O. of August 5, 2019, with respect to PDV Holding, Inc. (PDVH),
CITGO Holding, Inc., and any of their subsidiaries are authorized,
where the only Government of Venezuela entities involved are PDVH,
CITGO Holding, Inc., or any of their subsidiaries. This
authorization automatically renews on the first day of each month,
and is valid for a period of 18 months from the effective date of
General License No. 7C or the date of any subsequent renewal of
General License No. 7C, whichever is later.
(b) Except as provided in paragraphs (c) and (d) of this general
license, PDVH, CITGO Holding, Inc., and any of their subsidiaries
are authorized to engage in all transactions and activities
prohibited by E.O. 13850, as amended, that are ordinarily incident
and necessary to the purchase and importation of petroleum and
petroleum products from Petr[oacute]leos de Venezuela, S.A. (PdVSA)
and any entity in which PdVSA owns, directly or indirectly, a 50
percent or greater interest. This authorization is valid through
12:01 a.m. eastern daylight time, April 28, 2019.
(c) Any payment to or for the direct or indirect benefit of a
blocked person other than PDVH, CITGO Holding, Inc., and any of
their subsidiaries that is ordinarily incident and necessary to give
effect to transactions authorized in paragraphs (a) or (b) of this
general license must be made into a blocked, interest-bearing
account located in the United States in accordance with 31 CFR
591.203.
(d) This general license does not authorize:
(1) Any exportation or reexportation of any goods, services, or
technology, directly or indirectly, by U.S. persons, wherever
located, from the United States to the Government of Venezuela,
other than to PDVH, CITGO Holding, Inc., or any of their
subsidiaries, or to any other blocked persons;
(2) Any transactions or dealings related to the exportation or
reexportation of diluents, directly or indirectly, to Venezuela;
(3) Any transaction that is otherwise prohibited by E.O. of
August 5, 2019, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O.
13827 of March 19, 2018, E.O. 13808 of August 24, 2017, or E.O.
13692 of March 8, 2015, each as amended by E.O. 13857, or any part
of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the transactions described in paragraphs
(a) and (b) of this general license; or
(4) The unblocking of any property blocked pursuant to any part
of 31 CFR chapter V, except as authorized by paragraphs (a) or (b).
(e) Effective August 5, 2019, General License No. 7B, dated June
6, 2019, is replaced and superseded in its entirety by this General
License No. 7C.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: August 5, 2019.
Dated: October 15, 2021.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2021-22834 Filed 10-19-21; 8:45 am]
BILLING CODE 4810-AL-P
</pre></body>
</html>Indexed from Federal Register on October 20, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.