Rule2022-17645
Publication of Venezuela Sanctions Regulations Web General Licenses 40 and 40A
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
August 17, 2022
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued in the Venezuela Sanctions program: GL 40, which was previously made available on OFAC's website and is now expired, and GL 40A, which was also previously made available on OFAC's website and expires on July 12, 2023.
Full Text
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<title>Federal Register, Volume 87 Issue 158 (Wednesday, August 17, 2022)</title>
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[Federal Register Volume 87, Number 158 (Wednesday, August 17, 2022)]
[Rules and Regulations]
[Page 50572]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-17645]
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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 40 and 40A
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 in the
Venezuela Sanctions program: GL 40, which was previously made available
on OFAC's website and is now expired, and GL 40A, which was also
previously made available on OFAC's website and expires on July 12,
2023.
DATES: GL 40 was issued on July 12, 2021. GL 40A was issued on July 7,
2022. 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: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
On July 12, 2021, OFAC issued GL 40 to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations, 31 CFR part 591. GL 40 had an expiration date of July 8,
2022. On July 7, 2022, OFAC issued GL 40A, which replaced and
superseded GL 40 and has an expiration date of July 12, 2023. GLs 40
and 40A were each made available on OFAC's website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>)
at the time of publication. The text of GLs 40 and 40A is provided
below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations 31 CFR part 591
GENERAL LICENSE NO. 40
Authorizing Certain Transactions Involving the Exportation or
Reexportation of Liquefied Petroleum Gas to Venezuela
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities related to the exportation or
reexportation, directly or indirectly, of liquefied petroleum gas to
Venezuela, involving the Government of Venezuela, Petr[oacute]leos
de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns,
directly or indirectly, a 50 percent or greater interest, that are
prohibited by E.O. 13850 of November 1, 2018, as amended by E.O.
13857 of January 25, 2019, or E.O. 13884 of August 5, 2019, each as
incorporated into the Venezuela Sanctions Regulations, 31 CFR part
591 (the VSR), are authorized through 12:01 a.m. eastern daylight
time, July 8, 2022.
(b) This general license does not authorize:
(1) Any payment-in-kind of petroleum or petroleum products; or
(2) Any transactions or activities otherwise prohibited by the
VSR, prohibited by any other part of 31 CFR chapter V, or involving
any blocked persons other than PdVSA, any entity in which PdVSA
owns, directly or indirectly, a 50 percent or greater interest, or
any Government of Venezuela person that is blocked solely pursuant
to E.O. 13884.
Note to General License No. 40: Nothing in this general license
relieves any persons from compliance with the requirements of other
Federal agencies, including the Department of Commerce's Bureau of
Industry and Security.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: July 12, 2021
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations 31 CFR Part 591
GENERAL LICENSE NO. 40A
Authorizing Certain Transactions Involving the Exportation or
Reexportation of Liquefied Petroleum Gas to Venezuela
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities related to the exportation or
reexportation, directly or indirectly, of liquefied petroleum gas to
Venezuela, involving the Government of Venezuela, Petr[oacute]leos
de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns,
directly or indirectly, a 50 percent or greater interest, that are
prohibited by E.O. 13850 of November 1, 2018, as amended by E.O.
13857 of January 25, 2019, or E.O. 13884 of August 5, 2019, each as
incorporated into the Venezuela Sanctions Regulations, 31 CFR part
591 (the VSR), are authorized through 12:01 a.m. eastern daylight
time, July 12, 2023.
(b) This general license does not authorize:
(1) Any payment-in-kind of petroleum or petroleum products; or
(2) Any transactions or activities otherwise prohibited by the
VSR, prohibited by any other part of 31 CFR chapter V, or involving
any blocked persons other than PdVSA, any entity in which PdVSA
owns, directly or indirectly, a 50 percent or greater interest, or
any Government of Venezuela person that is blocked solely pursuant
to E.O. 13884.
(c) Effective July 7, 2022, General License No. 40, dated July
12, 2021, is replaced and superseded in its entirety by this General
License No. 40A.
Note to General License No. 40A: Nothing in this general license
relieves any persons from compliance with the requirements of other
Federal agencies, including the Department of Commerce's Bureau of
Industry and Security.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: July 7, 2022
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-17645 Filed 8-16-22; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on August 17, 2022.
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