Rule2025-17392
Publication of Venezuela Sanctions Regulations Web General License 5S
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
September 10, 2025
Issuing agencies
Treasury DepartmentForeign Assets Control Office
Abstract
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 5S, which was previously made available on OFAC's website.
Full Text
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<title>Federal Register, Volume 90 Issue 173 (Wednesday, September 10, 2025)</title>
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[Federal Register Volume 90, Number 173 (Wednesday, September 10, 2025)]
[Rules and Regulations]
[Page 43557]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-17392]
[[Page 43557]]
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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 5S
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Publication of a web general license.
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SUMMARY: The Department of the Treasury's Office of Foreign Assets
Control (OFAC) is publishing a general license (GL) issued pursuant to
the Venezuela Sanctions Regulations: GL 5S, which was previously made
available on OFAC's website.
DATES: GL 5S was issued on June 20, 2025. See SUPPLEMENTARY INFORMATION
for additional relevant dates.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or <a href="https://ofac.treasury.gov/contact-ofac">https://ofac.treasury.gov/contact-ofac</a>.
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 June 20, 2025, OFAC issued GL 5S to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations (VSR), 31 CFR part 591. GL 5S replaced and superseded GL
5R, which was issued on March 6, 2025. This GL was made available on
OFAC's website (<a href="https://ofac.treasury.gov">https://ofac.treasury.gov</a>) when it was issued. The text
of this GL is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5S
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After December 20, 2025
(a) Except as provided in paragraph (b) of this general license, on
or after December 20, 2025, all transactions related to, the provision
of financing for, and other dealings in the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by
subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018,
as amended by E.O. 13857 of January 25, 2019, and incorporated into the
Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are
authorized.
(b) This general license does not authorize any transactions or
activities otherwise prohibited by the VSR, or any other part of 31 CFR
chapter V.
(c) Effective June 20, 2025, General License No. 5R, dated March 6,
2025, is replaced and superseded in its entirety by this General
License No. 5S.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
Dated: June 20, 2025.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2025-17392 Filed 9-9-25; 8:45 am]
BILLING CODE 4810-AL-P
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</html>Indexed from Federal Register on September 10, 2025.
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.