Publication of Venezuela Sanctions Regulations Web General License 40D

Primary source

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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: GL40D, 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 43556]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-17394]


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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 40D

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: GL40D, which was previously made 
available on OFAC's website.

DATES: GL 40D was issued on July 7, 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 July 7, 2025, OFAC issued GL 40D to authorize certain 
transactions otherwise prohibited by the Venezuela Sanctions 
Regulations, 31 CFR part 591 (VSR). GL 40D replaced and superseded GL 
40C. GL 40D has an expiration date of September 5, 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. 40D

Authorizing the Offloading of Liquefied Petroleum Gas in Venezuela

    (a) Except as provided in paragraph (b) of this general license, 
all transactions that are ordinarily incident and necessary to the 
delivery and offloading of liquefied petroleum gas in 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 
Executive Order (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, 
September 5, 2025, provided the liquified petroleum gas was loaded on a 
vessel on or before July 7, 2025.
    (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 7, 2025, General License No. 40C, dated July 8, 
2024, is replaced and superseded in its entirety by this General 
License No. 40D.

    Note to General License No. 40D. 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.

Lisa M. Palluconi,

Acting Director, Office of Foreign Assets Control.

    Dated: July 7, 2025.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2025-17394 Filed 9-9-25; 8:45 am]
BILLING CODE 4810-AL-P


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