Rule2022-22198
Publication of Venezuela Sanctions Regulations Web General License 3 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 13, 2022
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing nine general licenses (GLs) issued in the Venezuela Sanctions Regulations program: GLs 3, 3A, 3B, 3C, 3D, 3E, 3F, and 3G, each of which was previously issued on OFAC's website and is now expired, as well as GL 3H, which was also previously issued on OFAC's website.
Full Text
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<title>Federal Register, Volume 87 Issue 197 (Thursday, October 13, 2022)</title>
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[Federal Register Volume 87, Number 197 (Thursday, October 13, 2022)]
[Rules and Regulations]
[Pages 62007-62020]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-22198]
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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 3 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 nine general licenses (GLs) issued in the
Venezuela Sanctions Regulations program: GLs 3, 3A, 3B, 3C, 3D, 3E, 3F,
and 3G, each of which was previously issued on OFAC's website and is
now expired, as well as GL 3H, which was also previously issued on
OFAC's website.
DATES: General License 3H was issued on May 12, 2020. 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 August 25, 2017, OFAC issued GL 3 to authorize certain
transactions otherwise prohibited by Executive Order 13808 of August
24, 2017, ``Imposing Additional Sanctions With Respect to the Situation
in Venezuela'' (82 FR 41155, August 29, 2017). At the time of issuance,
OFAC made GL 3 available on its website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>).
Subsequently, OFAC issued eight further iterations of GL 3, which
extended the duration and modified the scope of the authorization: on
January 28, 2019, OFAC issued GL 3A which superseded GL 3; on February
1, 2019, OFAC issued GL 3B, which superseded GL 3A; on February 11,
2019, OFAC issued GL 3C, which superseded GL 3B; on March 8, 2019, OFAC
issued GL 3D, which superseded GL 3C; on April 17, 2019, OFAC issued GL
3E, which superseded GL 3D; on August 5, 2019, OFAC issued GL 3F, which
superseded GL 3E; on October 1, 2019, OFAC issued GL 3G, which
superseded GL 3F; and on May 12, 2020, OFAC issued GL 3H, which
superseded GL 3G. Each GL was made available on OFAC's website when it
was issued. On November 22, 2019, OFAC incorporated the prohibitions of
Executive Order 13808, as well as of any other Executive orders issued
pursuant to the national emergency declared in Executive Order 13692 of
March 8, 2015, into the Venezuelan Sanctions Regulations, 31 CFR part
591. The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
GENERAL LICENSE 3
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraph (c) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds specified in the Annex to this general license that
would be prohibited by Subsection l(a)(iii) of Executive Order of
August 24, 2017, ``Imposing Additional Sanctions with Respect to the
Situation in Venezuela,'' are authorized.
(b) Except as provided in paragraph (c) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to the effective date
of Executive Order of August 24, 2017, and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, are authorized.
(c) This general license does not authorize any transaction that is
otherwise prohibited by Executive Order of August 24, 2017, Executive
Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
Andrea Gacki,
Acting Director, Office of Foreign Assets Control
Dated: August 25, 2017
[[Page 62008]]
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3
The list below may also be found at this URL in standalone formats
that are print-ready and spreadsheet-ready. <a href="https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ven_gl.aspx">https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ven_gl.aspx</a>.
List of Venezuela-related Bonds Described in Paragraph (a) of
General License 3, as of August 25, 2017:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0356521160........................ EH2888749............... CA La Electricidad de 8.5.................... 4/10/2008.............. 4/10/2018
Caracas.
USG2025MAB75........................ CP5100153............... Cerro Negro Finance 7.9.................... 6/18/1998.............. 12/1/2020
Ltd.
US156877AC63........................ 156877AC6............... Cerro Negro Finance 8.03................... 6/18/1998.............. 6/1/2028
Ltd.
USG2025MAC58........................ CP5100211............... Cerro Negro Finance 8.03................... 6/18/1998.............. 6/1/2028
Ltd.
US156877AB80........................ 156877AB8............... Cerro Negro Finance 7.9.................... 6/18/1998.............. 12/1/2020
Ltd.
XS0294364954........................ EG3110533............... Petroleos de Venezuela 5.375.................. 4/12/2007.............. 4/12/2027
SA.
XS0294367205........................ EG3110772............... Petroleos de Venezuela 5.5.................... 4/12/2007.............. 4/12/2037
SA.
USP7807HAK16........................ EI4173619............... Petroleos de Venezuela 8.5.................... 10/29/2010............. 11/2/2017
SA.
US716558AB79........................ 716558AB7............... Petroleos de Venezuela 8.5.................... 10/29/2010............. 11/2/2017
SA.
US716558AC52........................ 716558AC5............... Petroleos de Venezuela 12.75.................. 2/17/2011.............. 2/17/2022
SA.
USP7807HAM71........................ EI5787318............... Petroleos de Venezuela 12.75.................. 2/17/2011.............. 2/17/2022
SA.
US716558AD36........................ 716558AD3............... Petroleos de Venezuela 9...................... 11/17/2011............. 11/17/2021
SA.
USP7807HAP03........................ EI8799468............... Petroleos de Venezuela 9...................... 11/17/2011............. 11/17/2021
SA.
USP7807HAQ85........................ EJ1968233............... Petroleos de Venezuela 9.75................... 5/17/2012.............. 5/17/2035
SA.
US716558AE19........................ 716558AE1............... Petroleos de Venezuela 9.75................... 5/17/2012.............. 5/17/2035
SA.
USP7807HAR68........................ EJ9776299............... Petroleos de Venezuela 6...................... 11/15/2013............. 11/15/2026
SA.
US716558AF83........................ 716558AF8............... Petroleos de Venezuela 6...................... 11/15/2013............. 11/15/2026
SA.
USP7807HAT25........................ EK2909308............... Petroleos de Venezuela 6...................... 5/16/2014.............. 5/16/2024
SA.
US716558AG66........................ 716558AG6............... Petroleos de Venezuela 6...................... 5/16/2014.............. 5/16/2024
SA.
XS1126891685........................ JV9618804............... Petroleos de Venezuela 6...................... 10/28/2014............. 10/28/2022
SA.
USP7807HAV70........................ QZ9940003............... Petroleos de Venezuela 8.5.................... 10/28/2016............. 10/27/2020
SA.
US716558AH40........................ 716558AH4............... Petroleos de Venezuela 8.5.................... 10/28/2016............. 10/27/2020
SA.
USG70415AC18........................ DD0110070............... Petrozuata Finance Inc 8.37................... 6/27/1997.............. 10/1/2022
US71676QAE61........................ 71676QAE6............... Petrozuata Finance Inc 8.37................... 6/27/1997.............. 10/1/2022
XS0082274118........................ EC0634765............... Pulp & Paper 8.5.................... 12/2/1997.............. 12/2/2002
International Invts
Ltd.
XS0838835451........................ EJ4041160............... Republic of Venezuela 11.75.................. 10/3/2012.............. 10/21/2026
11.75% Euro-Dollar
Bonds 2026 Ltd/The.
XS0504851535........................ EI2372072............... Republic of Venezuela 8.25................... 4/30/2010.............. 10/13/2024
8.25% Bonds 2024 Ltd/
The.
XS0838864808........................ EJ4040618............... Republic of Venezuela 8.25................... 10/3/2012.............. 10/13/2024
8.25% Bonds 2024 Ltd/
The.
USN7992HAA07........................ EF3856640............... Sidetur Finance BV.... 10..................... 5/3/2006............... 4/20/2016
US825870AA62........................ 825870AA6............... Sidetur Finance BV.... 10..................... 5/3/2006............... 4/20/2016
XS0081483090........................ 922655BR5............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2017
XS0081484817........................ GG7366808............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2021
XS0081487166........................ 922655CJ2............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2026
XS0081483843........................ 922655BV6............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2019
XS0081483504........................ 922655BU8............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2019
XS0081486861........................ 922655CH6............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2025
XS0081484064........................ 922655BW4............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2020
XS0081483413........................ 922655BT1............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2018
XS0081487240........................ 922655CK9............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2026
XS0081486515........................ 922655CG8............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2025
XS0081484908........................ 922655CA1............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2022
XS0081485202........................ 922655CB9............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2022
XS0081485467........................ 922655CD5............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2023
XS0081483330........................ 922655BS3............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2018
XS0081486192........................ 922655CF0............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2024
XS0081484221........................ 922655BX2............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2020
XS0081485541........................ 922655CE3............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2024
XS0081484650........................ 922655BY0............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2021
XS0081485384........................ 922655CC7............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2023
XS0081487679........................ 922655CL7............... Venezuela Global Strip 0...................... 9/18/1997.............. 3/15/2027
XS0081469008........................ 922655CS2............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2027
XS0081487836........................ 922655CM5............... Venezuela Global Strip 0...................... 9/18/1997.............. 9/15/2027
XS0081469859........................ 922655CR4............... Venezuela Global Strip 0...................... #N/A Field Not 9/15/2027
Applicable.
XS0081488644........................ 922655CQ6............... Venezuela Global Strip 0...................... #N/A Field Not 9/15/2027
Applicable.
XS0029484788........................ EF3043504............... Venezuela Government 0...................... 12/18/1990............. 4/15/2020
International Bond.
XS0029484861........................ EF3042142............... Venezuela Government 0...................... 12/18/1990............. 4/15/2020
International Bond.
XS0029484515........................ EF3043546............... Venezuela Government 0...................... 12/18/1990............. 4/15/2020
International Bond.
XS0029485322........................ TT3352321............... Venezuela Government 0...................... 12/18/1990............. 4/15/2020
International Bond.
XS0029484945........................ TT2005359............... Venezuela Government 0...................... 12/18/1990............. 4/15/2020
International Bond.
US922646AS37........................ 922646AS3............... Venezuela Government 9.25................... 9/18/1997.............. 9/15/2027
International Bond.
[[Page 62009]]
US922646AT10........................ 922646AT1............... Venezuela Government 13.625................. 8/6/1998............... 8/15/2018
International Bond.
USP9395PAA95........................ EF5132735............... Venezuela Government 13.625................. 9/27/2001.............. 8/15/2018
International Bond.
US922646BE32........................ 922646BE3............... Venezuela Government 13.625................. 9/27/2001.............. 8/15/2018
International Bond.
USP97475AD26........................ ED2379482............... Venezuela Government 7...................... 12/1/2003.............. 12/1/2018
International Bond.
US922646BL74........................ 922646BL7............... Venezuela Government 9.375.................. 1/14/2004.............. 1/13/2034
International Bond.
XS0217249126........................ ED8955574............... Venezuela Government 7.65................... 4/21/2005.............. 4/21/2025
International Bond.
USP97475AG56........................ EF1877168............... Venezuela Government 6...................... 12/9/2005.............. 12/9/2020
International Bond.
USP97475AJ95........................ EH0305910............... Venezuela Government 7...................... 11/15/2007............. 3/31/2038
International Bond.
USP17625AB33........................ EH3345228............... Venezuela Government 9.25................... 5/7/2008............... 5/7/2028
International Bond.
USP17625AA59........................ EH3344783............... Venezuela Government 9...................... 5/7/2008............... 5/7/2023
International Bond.
USP97475AN08........................ EH9901297............... Venezuela Government 7.75................... 10/13/2009............. 10/13/2019
International Bond.
USP97475AP55........................ EH9901214............... Venezuela Government 8.25................... 10/13/2009............. 10/13/2024
International Bond.
USP17625AC16........................ EI3500440............... Venezuela Government 12.75.................. 8/23/2010.............. 8/23/2022
International Bond.
USP17625AD98........................ EI7507573............... Venezuela Government 11.95.................. 8/5/2011............... 8/5/2031
International Bond.
USP17625AE71........................ EI8410553............... Venezuela Government 11.75.................. 10/21/2011............. 10/21/2026
International Bond.
SE0005994167........................ EK3410280............... Nynas AB.............. STIB3M +750.0.......... 06/26/2014............. 06/26/2018
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
GENERAL LICENSE 3A
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraph (c) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds specified in the Annex to this general license that
would be prohibited by Subsection 1(a)(iii) of Executive Order 13808 of
August 24, 2017, are authorized.
(b) Except as provided in paragraph (c) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of Executive Order of August 24, 2017), and (ii) by
U.S. person entities owned or controlled, directly or indirectly, by
the Government of Venezuela, other than Nynas AB, PDV Holding, Inc.
(PDVH), CITGO Holding, Inc., and any of their subsidiaries, are
authorized.
(c) This general license does not authorize any transaction that is
otherwise prohibited by 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.
(d) Effective January 28, 2019, General License No. 3, dated August
25, 2017, is replaced and superseded in its entirety by this General
License No. 3A.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: January 28, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3A
List of Venezuela-related Bonds Described in Paragraph (a) of
General License 3A, as of January 28, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0356521160.......................... EH2888749................. CA La Electricidad de 8.5 4/10/2008................ 4/10/2018
Caracas.
USG2025MAB75.......................... CP5100153................. Cerro Negro Finance Ltd.. 7.9 6/18/1998................ 12/1/2020
US156877AC63.......................... 156877AC6................. Cerro Negro Finance Ltd.. 8.03 6/18/1998................ 6/1/2028
USG2025MAC58.......................... CP5100211................. Cerro Negro Finance Ltd.. 8.03 6/18/1998................ 6/1/2028
US156877AB80.......................... 156877AB8................. Cerro Negro Finance Ltd.. 7.9 6/18/1998................ 12/1/2020
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
[[Page 62010]]
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
GENERAL LICENSE 3B
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraph (e) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds specified in the Annex to this general license that
would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.)
13808 of August 24, 2017, are authorized, provided that any divestment
or transfer of, or facilitation of divestment or transfer of, any
holdings in such bonds must be to a non-U.S. person.
(b) Except as provided in paragraph (e) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and
necessary to facilitating, clearing, and settling trades of holdings in
the bonds specified in the Annex to this general license, provided such
trades were placed prior to 4:00 p.m. eastern standard time on February
1, 2019.
(c) Except as provided in paragraph (e) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 that are ordinarily incident and necessary to the wind down of
financial contracts or other agreements that were entered into prior to
4:00 p.m. eastern standard time on February 1, 2019, involving, or
linked to, bonds specified in the Annex to this general license are
authorized. This authorization is valid through 12:01 a.m. eastern
standard time, March 3, 2019.
(d) Except as provided in paragraph (e) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO
Holding, Inc., and any of their subsidiaries, are authorized.
(e) This general license does not authorize any transaction that is
otherwise prohibited by 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.
(f) Effective February 1, 2019, General License No. 3A, dated
January 28, 2019, is replaced and superseded in its entirety by this
General License No. 3B.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: February 1, 2019
Annex--Venezuela-Related Bonds Described in Paragraphs (a), (b), and
(c) of General License 3B
List of Venezuela-Related Bonds Described in Paragraphs (a), (b),
and (c) of General License 3B, as of February 1, 2019:
[[Page 62011]]
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 62012]]
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
GENERAL LICENSE 3C
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3C Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808 of August 24, 2017, are authorized,
provided that any divestment or transfer of, or facilitation of
divestment or transfer of, any holdings in such bonds must be to a non-
U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and
necessary to facilitating, clearing, and settling trades of holdings in
GL 3C Bonds, provided such trades were placed prior to 4:00 p.m.
eastern standard time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 that are ordinarily incident and necessary to the wind down of
financial contracts or other agreements that were entered into prior to
4:00 p.m. eastern standard time on February 1, 2019, involving, or
linked to, GL 3C Bonds are authorized. This authorization is valid
through 12:01 a.m. eastern standard time, March 11, 2019.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO
Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize U.S.
persons to purchase or invest in, or to facilitate the purchase of or
investment in, directly or indirectly, bonds issued by the Government
of Venezuela prior to August 25, 2017 (including the GL 3C Bonds),
other than purchases of or investments in GL 3C Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3C Bonds.
(f) This general license does not authorize any transaction that is
otherwise prohibited by 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.
(g) Effective February 11, 2019, General License No. 3B, dated
February 1, 2019, is replaced and superseded in its entirety by this
General License No. 3C.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: February 11, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3C (GL 3C Bonds)
List of GL 3C Bonds, as of February 11, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
[[Page 62013]]
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
GENERAL LICENSE 3D
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3D Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808 of August 24, 2017, are authorized,
provided that any divestment or transfer of, or facilitation of
divestment or transfer of, any holdings in such bonds must be to a non-
U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and
necessary to facilitating, clearing, and settling trades of holdings in
GL 3D Bonds, provided such trades were placed prior to 4:00 p.m.
eastern standard time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 that are ordinarily incident and necessary to the wind down of
financial contracts or other agreements that were entered into prior to
4:00 p.m. eastern standard time on February 1, 2019, involving, or
linked to, GL 3D Bonds are authorized. This authorization is valid
through 12:01 a.m. eastern daylight time, May 10, 2019.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO
Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize U.S.
persons to purchase or invest in, or to facilitate the purchase of or
investment in, directly or indirectly, bonds issued by the Government
of Venezuela prior to August 25, 2017 (including the GL 3D Bonds),
other than purchases of or investments in GL 3D Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3D Bonds.
(f) This general license does not authorize any transaction that is
otherwise prohibited by 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.
(g) Effective March 8, 2019, General License No. 3C, dated February
11, 2019, is replaced and superseded in its entirety by this General
License No. 3D.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: March 8, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3D (GL 3D Bonds)
List of GL 3D Bonds, as of March 8, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
[[Page 62014]]
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
GENERAL LICENSE 3E
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3E Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808, as amended by E.O. 13857 of January
25, 2019 (``Taking Additional Steps to Address the National Emergency
With Respect to Venezuela'') (E.O. 13808), or by E.O. 13850, as amended
by E.O. 13857 (E.O. 13850), are authorized, provided that any
divestment or transfer of, or facilitation of divestment or transfer
of, any holdings in such bonds must be to a non-U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850 that are ordinarily
incident and necessary to facilitating, clearing, and settling trades
of holdings in GL 3E Bonds, provided such trades were placed prior to
4:00 p.m. eastern standard time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 or by E.O. 13850 that are ordinarily incident and necessary to
the wind down of financial contracts or other agreements that were
entered into prior to 4:00 p.m. eastern standard time on February 1,
2019, involving, or linked to, GL 3E Bonds are authorized. This
authorization is valid through 12:01 a.m. eastern daylight time,
September 30, 2019.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in
[[Page 62015]]
bonds that were issued both (i) prior to August 25, 2017 (the effective
date of E.O. 13808), and (ii) by U.S. person entities owned or
controlled, directly or indirectly, by the Government of Venezuela,
other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and
any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3E Bonds
to, directly or indirectly, any person whose property and interests in
property are blocked pursuant to E.O. 13850, including Banco Central de
Venezuela, Petr[oacute]leos de Venezuela, S.A. (PdVSA), or any entities
in which the Banco Central de Venezuela or PdVSA owns, directly or
indirectly, a 50 percent or greater interest.
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, GL 3E Bonds,
other than purchases of or investments in GL 3E Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3E Bonds.
(f) This general license does not authorize any transaction that is
otherwise prohibited by E.O. 13850 of November 1, 2018, 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 transactions involving Banco Central de
Venezuela that are described in this general license.
(g) Effective April 17, 2019, General License No. 3D, dated March
8, 2019, is replaced and superseded in its entirety by this General
License No. 3E.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: April 17, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3E (GL 3E Bonds)
List of GL 3E Bonds, as of April 17, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
[[Page 62016]]
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
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 3F
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3F Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by
E.O. 13857 of January 25, 2019, or by E.O. of August 5, 2019, are
authorized, provided that any divestment or transfer of, or
facilitation of divestment or transfer of, any holdings in such bonds
must be to a non-U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended,
or by E.O. of August 5, 2019 that are ordinarily incident and necessary
to facilitating, clearing, and settling trades of holdings in GL 3F
Bonds, provided such trades were placed prior to 4:00 p.m. eastern
standard time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 or by E.O. 13850, each as amended, or by E.O. of August 5, 2019
that are ordinarily incident and necessary to the wind down of
financial contracts or other agreements that were entered into prior to
4:00 p.m. eastern standard time on February 1, 2019, involving, or
linked to, GL 3F Bonds are authorized. This authorization is valid
through 12:01 a.m. eastern daylight time, September 30, 2019.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO
Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3F Bonds
to, directly or indirectly, any person whose property and interests in
property are blocked pursuant to E.O. 13850, as amended, or E.O. of
August 5, 2019.
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, GL 3F Bonds,
other than purchases of or investments in GL 3F Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3F Bonds.
(f) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and
(d); or
(2) 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, or E.O. 13692 of March 8, 2015, each as amended,
or any part of 31 CFR chapter V, or any transactions or dealings with
any blocked person other than the transactions involving the Government
of Venezuela, including Banco Central de Venezuela, that are described
in this general license.
(g) Effective August 5, 2019, General License No. 3E, dated April
17, 2019, is replaced and superseded in its entirety by this General
License No. 3F.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: August 5, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3F (GL 3F Bonds)
List of GL 3F Bonds, as of August 5, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
[[Page 62017]]
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in
Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation
in Venezuela
Executive Order 13884 of August 5, 2019
Blocking Property of the Government of Venezuela
GENERAL LICENSE 3G
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3G Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by
E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, are
authorized, provided that any divestment or transfer of, or
facilitation of divestment or transfer of, any holdings in such bonds
must be to a non-U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended,
or by E.O. 13884 that are ordinarily incident and necessary to
facilitating, clearing, and settling trades of holdings in GL 3G Bonds,
provided such trades were placed prior to 4:00 p.m. eastern standard
time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Section 1(a)(iii) of E.O.
13808 or by E.O. 13850, each as amended, or by E.O. 13884 that are
ordinarily incident and necessary to the wind down of financial
contracts or other agreements that were entered into prior to 4:00 p.m.
eastern standard time on February 1, 2019, involving, or linked to, GL
3G Bonds are authorized. This authorization is valid through 12:01 a.m.
eastern daylight time, March 31, 2020.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO
Holding,
[[Page 62018]]
Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3G Bonds
to, directly or indirectly, any person whose property and interests in
property are blocked pursuant to E.O. 13850, as amended, or E.O. 13884.
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, GL 3G Bonds,
other than purchases of or investments in GL 3G Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3G Bonds.
(f) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of
31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and
(d); or
(2) Any transaction that is otherwise prohibited by E.O. 13884, or
E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018,
E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended, or any
part of 31 CFR chapter V, or any transactions or dealings with any
blocked person other than the transactions involving the Government of
Venezuela, including Banco Central de Venezuela, that are described in
this general license.
(g) Effective September 30, 2019, General License No. 3F, dated
August 5, 2019, is replaced and superseded in its entirety by this
General License No. 3G.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: October 1, 2019
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License 3G (GL 3G Bonds)
List of GL 3G Bonds, as of September 30, 2019:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
[[Page 62019]]
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 3H
Authorizing Transactions Related to, Provision of Financing for, and
Other Dealings in Certain Bonds
(a) Except as provided in paragraphs (e) and (f) of this general
license, all transactions related to, the provision of financing for,
and other dealings in bonds specified in the Annex to this general
license (GL 3H Bonds) that would be prohibited by Subsection 1(a)(iii)
of Executive Order (E.O.) 13808 of August 24, 2017 or by E.O. 13850 of
November 1, 2018, each as amended by E.O. 13857 of January 25, 2019, or
by E.O. 13884 of August 5, 2019, as collectively incorporated into the
Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are
authorized, provided that any divestment or transfer of, or
facilitation of divestment or transfer of, any holdings in such bonds
must be to a non-U.S. person.
(b) Except as provided in paragraph (f) of this general license,
U.S. persons are authorized to engage in all transactions prohibited by
Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended,
or by E.O. 13884, as collectively incorporated into the VSR, that are
ordinarily incident and necessary to facilitating, clearing, and
settling trades of holdings in GL 3H Bonds, provided such trades were
placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c) Except as provided in paragraph (f) of this general license,
all transactions and activities prohibited by Subsection 1(a)(iii) of
E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as
collectively incorporated into the VSR, that are ordinarily incident
and necessary to the wind down of financial contracts or other
agreements that were entered into prior to 4:00 p.m. eastern standard
time on February 1, 2019, involving, or linked to, GL 3H Bonds are
authorized. This authorization is valid through 12:01 a.m. eastern
daylight time, March 31, 2020.
(d) Except as provided in paragraph (f) of this general license,
all transactions related to, the provision of financing for, and other
dealings in bonds that were issued both (i) prior to August 25, 2017
(the effective date of E.O. 13808), and (ii) by U.S. person entities
owned or controlled, directly or indirectly, by the Government of
Venezuela, other than PDV Holding, Inc. (PDVH), CITGO Holding, Inc.,
and any of their subsidiaries, that would be prohibited by E.O. 13808
or E.O. 13850, each as amended, or by E.O. 13884, as collectively
incorporated into the VSR, are authorized.
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL 3H Bonds
to, directly or indirectly, any person whose property and interests in
property are blocked pursuant to the VSR; or
(2) U.S. persons to purchase or invest in, or to facilitate the
purchase of or investment in, directly or indirectly, GL 3H Bonds,
other than purchases of or investments in GL 3H Bonds that are
ordinarily incident and necessary to the divestment or transfer of
holdings in GL 3H Bonds.
(f) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to the VSR, or
any other part of 31 CFR chapter V, except as authorized by paragraphs
(a), (b), (c), and (d); or
(2) Any transactions or activities otherwise prohibited by the VSR,
or any other part of 31 CFR chapter V, or any transactions or
activities with any blocked persons other than transactions or
activities involving the Government of Venezuela, including Banco
Central de Venezuela, that are described in this general license.
(g) Effective May 12, 2020, General License No. 3G, dated October
1, 2019, is replaced and superseded in its entirety by this General
License No. 3H.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: May 12, 2020
Annex--Venezuela-Related Bonds Described in Paragraph (a) of General
License No. 3H (GL 3H Bonds)
List of GL 3H Bonds, as of May 12, 2020:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ISIN CUSIP Issuer name Cpn Issue date Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.......................... EC0634765................. Pulp & Paper 8.5 12/2/1997................ 12/2/2002
International Invts Ltd.
XS0838835451.......................... EJ4041160................. Republic of Venezuela 11.75 10/3/2012................ 10/21/2026
11.75% Euro-Dollar Bonds
2026 Ltd/The.
XS0504851535.......................... EI2372072................. Republic of Venezuela 8.25 4/30/2010................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
XS0838864808.......................... EJ4040618................. Republic of Venezuela 8.25 10/3/2012................ 10/13/2024
8.25% Bonds 2024 Ltd/The.
USN7992HAA07.......................... EF3856640................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
US825870AA62.......................... 825870AA6................. Sidetur Finance BV....... 10 5/3/2006................. 4/20/2016
XS0081483090.......................... 922655BR5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2017
XS0081484817.......................... GG7366808................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2021
XS0081487166.......................... 922655CJ2................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2026
XS0081483843.......................... 922655BV6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2019
XS0081483504.......................... 922655BU8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2019
XS0081486861.......................... 922655CH6................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2025
XS0081484064.......................... 922655BW4................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2020
XS0081483413.......................... 922655BT1................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2018
XS0081487240.......................... 922655CK9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2026
XS0081486515.......................... 922655CG8................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2025
XS0081484908.......................... 922655CA1................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2022
XS0081485202.......................... 922655CB9................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2022
[[Page 62020]]
XS0081485467.......................... 922655CD5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2023
XS0081483330.......................... 922655BS3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2018
XS0081486192.......................... 922655CF0................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2024
XS0081484221.......................... 922655BX2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2020
XS0081485541.......................... 922655CE3................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2024
XS0081484650.......................... 922655BY0................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2021
XS0081485384.......................... 922655CC7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2023
XS0081487679.......................... 922655CL7................. Venezuela Global Strip... 0 9/18/1997................ 3/15/2027
XS0081469008.......................... 922655CS2................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081487836.......................... 922655CM5................. Venezuela Global Strip... 0 9/18/1997................ 9/15/2027
XS0081469859.......................... 922655CR4................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0081488644.......................... 922655CQ6................. Venezuela Global Strip... 0 #N/A Field Not Applicable 9/15/2027
XS0029484788.......................... EF3043504................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484861.......................... EF3042142................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484515.......................... EF3043546................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029485322.......................... TT3352321................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
XS0029484945.......................... TT2005359................. Venezuela Government 0 12/18/1990............... 4/15/2020
International Bond.
US922646AS37.......................... 922646AS3................. Venezuela Government 9.25 9/18/1997................ 9/15/2027
International Bond.
US922646AT10.......................... 922646AT1................. Venezuela Government 13.625 8/6/1998................. 8/15/2018
International Bond.
USP9395PAA95.......................... EF5132735................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
US922646BE32.......................... 922646BE3................. Venezuela Government 13.625 9/27/2001................ 8/15/2018
International Bond.
USP97475AD26.......................... ED2379482................. Venezuela Government 7 12/1/2003................ 12/1/2018
International Bond.
US922646BL74.......................... 922646BL7................. Venezuela Government 9.375 1/14/2004................ 1/13/2034
International Bond.
XS0217249126.......................... ED8955574................. Venezuela Government 7.65 4/21/2005................ 4/21/2025
International Bond.
USP97475AG56.......................... EF1877168................. Venezuela Government 6 12/9/2005................ 12/9/2020
International Bond.
USP97475AJ95.......................... EH0305910................. Venezuela Government 7 11/15/2007............... 3/31/2038
International Bond.
USP17625AB33.......................... EH3345228................. Venezuela Government 9.25 5/7/2008................. 5/7/2028
International Bond.
USP17625AA59.......................... EH3344783................. Venezuela Government 9 5/7/2008................. 5/7/2023
International Bond.
USP97475AN08.......................... EH9901297................. Venezuela Government 7.75 10/13/2009............... 10/13/2019
International Bond.
USP97475AP55.......................... EH9901214................. Venezuela Government 8.25 10/13/2009............... 10/13/2024
International Bond.
USP17625AC16.......................... EI3500440................. Venezuela Government 12.75 8/23/2010................ 8/23/2022
International Bond.
USP17625AD98.......................... EI7507573................. Venezuela Government 11.95 8/5/2011................. 8/5/2031
International Bond.
USP17625AE71.......................... EI8410553................. Venezuela Government 11.75 10/21/2011............... 10/21/2026
International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-22198 Filed 10-12-22; 8:45 am]
BILLING CODE 4810-AL-P
</pre></body>
</html>Indexed from Federal Register on October 13, 2022.
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.