Publication of Venezuela Sanctions Regulations Web General License 45B

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Published

March 21, 2024

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 45B, which was previously made available on OFAC's website.

Full Text

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<title>Federal Register, Volume 89 Issue 56 (Thursday, March 21, 2024)</title>
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[Federal Register Volume 89, Number 56 (Thursday, March 21, 2024)]
[Rules and Regulations]
[Page 20120]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-06031]



[[Page 20120]]

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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 45B

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of Web General License.

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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 45B, which was previously 
made available on OFAC's website.

DATES: GL 45B was issued on February 29, 2024. 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:

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 February 29, 2024, OFAC issued GL 45B to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations (VSR), 31 CFR part 591. The GL was made available on OFAC's 
website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it was issued. GL 45B 
supersedes GL 45A, which was issued on November 16, 2023. The text of 
GL 45B is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 45B

Authorizing Certain Repatriation Transactions Involving Consorcio 
Venezolano de Industrias Aeron[aacute]uticas y Servicios A[eacute]reos, 
S.A.

    (a) Except as provided in paragraph (b) of this general license, 
all transactions ordinarily incident and necessary to the 
repatriation of Venezuelan nationals from non-U.S. jurisdictions in 
the Western Hemisphere to Venezuela, and which are exclusively for 
the purposes of such repatriation, involving Consorcio Venezolano de 
Industrias Aeron[aacute]uticas y Servicios A[eacute]reos, S.A. 
(Conviasa), or any entity in which Conviasa owns, directly or 
indirectly, a 50 percent or greater interest, that are prohibited by 
Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 
13884, each as incorporated into the Venezuela Sanctions 
Regulations, 31 CFR part 591 (the VSR), are authorized.
    Note to paragraph (a). The authorization in paragraph (a) of 
this general license includes transactions for the maintenance 
(including repair) of the aircraft being used for such repatriation 
flights.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the VSR, including any transactions 
involving any person blocked pursuant to the VSR other than the 
blocked persons described in paragraphs (a) of this general license, 
Government of Venezuela persons blocked solely pursuant to E.O. 
13884, Banco Central de Venezuela, or Banco de Venezuela SA Banco 
Universal.
    (e) Effective February 29, 2024, General License No. 45A, dated 
November 16, 2023, is replaced and superseded in its entirety by 
this General License No. 45B.
    Note to General License No. 45B. Nothing in this general license 
relieves any person from compliance with any other Federal laws or 
requirements of other Federal agencies, including export, reexport, 
and transfer (in-country) licensing requirements maintained by the 
Department of Commerce's Bureau of Industry and Security under the 
Export Administration Regulations, 15 CFR parts 730-774.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: February 29, 2024.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-06031 Filed 3-20-24; 8:45 am]
BILLING CODE 4810-AL-P


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