Publication of Venezuela Sanctions Regulations Web General License 40B.

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published

August 7, 2023

Issuing agencies

Treasury DepartmentForeign Assets Control Office

Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 40B, which was previously made available on OFAC's website.

Full Text

<html>
<head>
<title>Federal Register, Volume 88 Issue 150 (Monday, August 7, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 150 (Monday, August 7, 2023)]
[Rules and Regulations]
[Pages 52038-52039]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-16732]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Sanctions Regulations Web General 
License 40B.

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of a web general license.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Venezuela Sanctions Regulations: GL 40B, which was previously 
made available on OFAC's website.

DATES: GL 40B was issued on July 10, 2023. See SUPPLEMENTARY 
INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Compliance, 202-622-2490.

SUPPLEMENTARY INFORMATION: 

[[Page 52039]]

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: <a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>.

Background

    On July 10, 2023, OFAC issued GL 40B to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations, 31 CFR part 591. GL 40B was made available on OFAC's 
website (<a href="https://ofac.treasury.gov/">https://ofac.treasury.gov/</a>) when it was issued. GL 40B was 
issued on July 10, 2023 and has an expiration date of July 10, 2024. 
The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 40B

Authorizing Certain Transactions Involving the Exportation or 
Reexportation of Liquefied Petroleum Gas to Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions related to the exportation or reexportation, 
directly or indirectly, of liquefied petroleum gas to Venezuela, 
involving the Government of Venezuela, Petr[oacute]leos de 
Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly 
or indirectly, a 50 percent or greater interest, that are prohibited 
by E.O. 13850 of November 1, 2018, as amended by E.O. 13857 of 
January 25, 2019, or E.O. 13884 of August 5, 2019, each as 
incorporated into the Venezuela Sanctions Regulations, 31 CFR part 
591 (the VSR), are authorized through 12:01 a.m. eastern daylight 
time, July 10, 2024.
    (b) This general license does not authorize:
    (1) Any payment-in-kind of petroleum or petroleum products; or
    (2) Any transactions otherwise prohibited by the VSR, including 
transactions involving any blocked persons other than PdVSA, any 
entity in which PdVSA owns, directly or indirectly, a 50 percent or 
greater interest, or any Government of Venezuela person that is 
blocked solely pursuant to E.O. 13884.
    (c) Effective July 10, 2023, General License No. 40A, dated July 
7, 2022, is replaced and superseded in its entirety by this General 
License No. 40B.

    Note to General License No. 40B: Nothing in this general license 
relieves any persons from compliance with the requirements of other 
Federal agencies, including the Department of Commerce's Bureau of 
Industry and Security.


Bradley T. Smith,

Deputy Director, Office of Foreign Assets Control.

    Dated: July 10, 2023.

Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2023-16732 Filed 8-4-23; 8:45 am]
BILLING CODE 4810-AL-P


</pre></body>
</html>

View on FederalRegister.gov →Plain-text source

Indexed from Federal Register on August 7, 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.