Rule2023-04317
Publication of Venezuela Sanctions Regulations Web General Licenses 36, 36A, 37, 38, and 39
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
March 2, 2023
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing five general licenses (GLs) issued in the Venezuela Sanctions program: GLs 36, 36A, 37, 38, and 39, each of which was previously made available on OFAC's website.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 41 (Thursday, March 2, 2023)</title>
</head>
<body><pre>[Federal Register Volume 88, Number 41 (Thursday, March 2, 2023)]
[Rules and Regulations]
[Pages 13022-13023]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-04317]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General
Licenses 36, 36A, 37, 38, and 39
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 five general licenses (GLs) issued in the
Venezuela Sanctions program: GLs 36, 36A, 37, 38, and 39, each of which
was previously made available on OFAC's website.
DATES: GL 36 was issued on February 18, 2020. See SUPPLEMENTARY
INFORMATION for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are
available on OFAC's website: <a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>.
Background
On February 18, 2022, OFAC issued GL 36 to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations, 31 CFR part 591 (VSR). On March 12, 2020, OFAC issued GL
36A, which superseded GL 36. On June 18, 2020, OFAC issued GL 37 to
authorize certain transactions otherwise prohibited by the VSR. On
November 30, 2020, OFAC issued GL 38 to authorize certain transactions
otherwise prohibited by the VSR. GLs 36A and 38 are now expired. GL 37
was revoked on July 2, 2020.
On June 17, 2021, OFAC issued GL 39 to authorize certain
transactions otherwise prohibited by the VSR. GL 39 was superseded by
GL 39A, which was issued on June 10, 2022 (87 FR 47932). Each GL was
made available on OFAC's website (<a href="http://www.treas.gov/ofac">www.treas.gov/ofac</a>) when it was
issued. The text of GLs 36, 36A, 37, 38, and 39 is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 36
Authorizing Certain Activities Necessary to the Wind Down of
Transactions Involving Rosneft Trading S.A.
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13850 of November 1, 2018, as amended by E.O. 13857 of January 25,
2019, and incorporated into the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), that are ordinarily incident and necessary
to the wind down of transactions involving Rosneft Trading S.A., or
any entity in which Rosneft Trading S.A. owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
12:01 a.m. eastern daylight time, May 20, 2020.
(b) This general license does not authorize:
(1) Any debit to an account of Rosneft Trading S.A., or any
entity in which Rosneft Trading S.A. owns, directly or indirectly, a
50 percent or greater interest, on the books of a U.S. financial
institution; 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 person other than the blocked persons
identified in paragraph (a) of this general license.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: February 18, 2020.
[[Page 13023]]
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 36A
Authorizing Certain Activities Necessary to the Wind Down of
Transactions Involving Rosneft Trading S.A. or TNK Trading
International S.A.
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13850 of November 1, 2018, as amended by E.O. 13857 of January 25,
2019, and incorporated into the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), that are ordinarily incident and necessary
to the wind down of transactions involving Rosneft Trading S.A. or
TNK Trading International S.A., or any entity in which Rosneft
Trading S.A. or TNK Trading International S.A. owns, directly or
indirectly, a 50 percent or greater interest, are authorized through
12:01 a.m. eastern daylight time, May 20, 2020.
(b) This general license does not authorize:
(1) Any debit to an account of Rosneft Trading S.A. or TNK
Trading International S.A., or any entity in which Rosneft Trading
S.A. or TNK Trading International S.A. owns, directly or indirectly,
a 50 percent or greater interest, on the books of a U.S. financial
institution; 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 person other than the blocked persons
identified in paragraph (a) of this general license.
(c) Effective March 12, 2020, General License No. 36, dated
February 18, 2020, is replaced and superseded in its entirety by
this General License No. 36A.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: March 12, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 37
Authorizing the Wind Down of Transactions Involving Delos Voyager
Shipping Ltd, Romina Maritime Co Inc, and Certain Vessels
(a) Except as provided in paragraph (c) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13850 of November 1, 2018, as amended by E.O. 13857 of January 25,
2019, and incorporated into the Venezuela Sanctions Regulations, 31
CFR part 591 (the VSR), that are ordinarily incident and necessary
to the wind down of transactions involving persons or vessels listed
in paragraph (b) are authorized through 12:01 a.m. eastern daylight
time, July 21, 2020.
(b) The authorization in paragraph (a) of this general license
applies to the following persons and vessels listed on the Office of
Foreign Assets Control's List of Specially Designated Nationals and
Blocked Persons, and any entity in which the following persons own,
directly or indirectly, a 50 percent or greater interest:
<bullet> DELOS VOYAGER SHIPPING LTD (Marshall Islands)
<bullet> Vessel: Delos Voyager (IMO: 9273052)
<bullet> ROMINA MARITIME CO INC (Greece)
<bullet> Vessel: Euroforce (IMO: 9251585)
(c) This general license does not authorize:
(1) The entry into any new commercial contracts involving the
persons or vessels listed in paragraph (b), except as authorized by
paragraph (a);
(2) Any debit to an account of persons listed in paragraph (b)
on the books of a U.S. financial institution; or
(3) 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 person or vessel other than the persons
or vessels identified in paragraph (b) of this general license.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: June 18, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 38
Authorizing the Wind Down of Transactions Involving CEIEC
(a) Except as provided in paragraph (b) of this general license,
all transactions and activities prohibited by Executive Order (E.O.)
13692 of March 8, 2015, as amended by E.O. 13857 of January 25,
2019, each as incorporated into the Venezuela Sanctions Regulations,
31 CFR part 591 (the VSR), that are ordinarily incident and
necessary to the wind down of transactions and activities involving
CEIEC, or any entity in which CEIEC owns, directly or indirectly, a
50 percent or greater interest, are authorized through 12:01 a.m.
eastern standard time, Thursday, January 14, 2021.
(b) This general license does not authorize:
(1) Any debit to an account of CEIEC, or any entity in which
CEIEC owns, directly or indirectly, a 50 percent or greater
interest, on the books of a U.S. financial institution; 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 person other than the blocked persons
identified in paragraph (a) of this general license.
Andrea Gacki,
Director, Office of Foreign Assets Control.
Dated: November 30, 2020.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 39
Authorizing Certain Activities To Respond to the Coronavirus Disease
2019 (COVID-19) Pandemic
(a) Authorizing certain COVID-19-related transactions involving
the Government of Venezuela. Except as provided in paragraph (c) of
this general license, all transactions and activities involving the
Government of Venezuela that are related to the prevention,
diagnosis, or treatment of COVID-19 (including research or clinical
studies relating to COVID-19), that are prohibited by Executive
Order (E.O.) 13808 of August 27, 2017, as amended by E.O. 13857 of
January 25, 2019, or E.O. 13884 of August 5, 2019, each as
incorporated into the Venezuela Sanctions Regulations, 31 CFR part
591 (the VSR), are authorized through 12:01 a.m. eastern daylight
time, June 17, 2022.
(b) Authorizing certain COVID-19-related transactions involving
certain banks. Except as provided in paragraph (c) of this general
license, all transactions and activities described in paragraph (a)
of this general license involving Banco Central de Venezuela (BCV),
Banco de Venezuela, S.A. Banco Universal (Banco de Venezuela), Banco
Bicentenario del Pueblo, de la Clase Obrera, Mujer y Comunas, Banco
Universal C.A. (Banco Bicentenario del Pueblo), or any entity in
which BCV, Banco de Venezuela, or Banco Bicentenario del Pueblo
owns, whether individually or in the aggregate, directly or
indirectly, a 50 percent or greater interest, that are prohibited by
E.O. 13850 of November 1, 2018, as amended by E.O. 13857, each as
incorporated into the VSR, are authorized through 12:01 a.m. eastern
daylight time, June 17, 2022.
(c) This general license does not authorize:
(1) The exportation or reexportation of any goods, technology,
or services to military, intelligence, or law enforcement purchasers
or importers;
(2) Any transactions or activities involving Petr[oacute]leos de
Venezuela, S.A. (PdVSA), Banco de Desarrollo Economico y Social de
Venezuela (BANDES), or Banco Bandes Uruguay S.A. (Bandes Uruguay),
or any entity in which PdVSA, BANDES, or Bandes Uruguay owns,
whether individually or in the aggregate, directly or indirectly, a
50 percent or greater interest;
(3) The unblocking of any property blocked pursuant to any part
of 31 CFR chapter V; or
(4) Any transactions or activities otherwise prohibited by the
VSR, or prohibited by any other part of 31 CFR chapter V, statute,
or other E.O., or involving any blocked persons other than
Government of Venezuela persons blocked solely pursuant to E.O.
13884 or the blocked persons identified in paragraph (b) of this
general license.
Note 1 to General License 39. Nothing in this general license
relieves any person from compliance with the requirements of other
Federal agencies, including the Department of Commerce's Bureau of
Industry and Security or the Department of State's Directorate of
Defense Trade Controls.
Bradley T. Smith,
Acting Director, Office of Foreign Assets Control.
Dated: June 17, 2021.
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-04317 Filed 3-1-23; 8:45 am]
BILLING CODE 4810-AL-P
</pre></body>
</html>Indexed from Federal Register on March 2, 2023.
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.