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Code · REGISTER · 2022-10-13 · Office of Foreign Assets Control, Treasury · Proposed Rules

Proposed Rules. Publication of web general licenses

9,538 words·~43 min read·/register/2022/10/13/2022-22198

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 4810-AL-P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General License 3 and Subsequent Iterations 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 nine general licenses
(GLs)issued in the Venezuela Sanctions Regulations program: GLs 3, 3A, 3B, 3C, 3D, 3E, 3F, and 3G, each of which was previously issued on OFAC's website and is now expired, as well as GL 3H, which was also previously issued on OFAC's website. DATES: General License 3H was issued on May 12, 2020. See SUPPLEMENTARY INFORMATION of this document 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 *www.treasury.gov/ofac.* Background On August 25, 2017, OFAC issued GL 3 to authorize certain transactions otherwise prohibited by Executive Order 13808 of August 24, 2017, “Imposing Additional Sanctions With Respect to the Situation in Venezuela” (82 FR 41155, August 29, 2017). At the time of issuance, OFAC made GL 3 available on its website ( *www.treas.gov/ofac* ). Subsequently, OFAC issued eight further iterations of GL 3, which extended the duration and modified the scope of the authorization: on January 28, 2019, OFAC issued GL 3A which superseded GL 3; on February 1, 2019, OFAC issued GL 3B, which superseded GL 3A; on February 11, 2019, OFAC issued GL 3C, which superseded GL 3B; on March 8, 2019, OFAC issued GL 3D, which superseded GL 3C; on April 17, 2019, OFAC issued GL 3E, which superseded GL 3D; on August 5, 2019, OFAC issued GL 3F, which superseded GL 3E; on October 1, 2019, OFAC issued GL 3G, which superseded GL 3F; and on May 12, 2020, OFAC issued GL 3H, which superseded GL 3G. Each GL was made available on OFAC's website when it was issued. On November 22, 2019, OFAC incorporated the prohibitions of Executive Order 13808, as well as of any other Executive orders issued pursuant to the national emergency declared in Executive Order 13692 of March 8, 2015, into the Venezuelan Sanctions Regulations, 31 CFR part 591. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Executive Order of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela GENERAL LICENSE 3 Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraph
(c)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license that would be prohibited by Subsection l(a)(iii) of Executive Order of August 24, 2017, “Imposing Additional Sanctions with Respect to the Situation in Venezuela,” are authorized.
(b)Except as provided in paragraph
(c)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to the effective date of Executive Order of August 24, 2017, and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, are authorized.
(c)This general license does not authorize any transaction that is otherwise prohibited by Executive Order of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V. Andrea Gacki, *Acting Director, Office of Foreign Assets Control* Dated: August 25, 2017 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3 The list below may also be found at this URL in standalone formats that are print-ready and spreadsheet-ready. *https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ven_gl.aspx.* List of Venezuela-related Bonds Described in Paragraph
(a)of General License 3, as of August 25, 2017: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0356521160 EH2888749 CA La Electricidad de Caracas 8.5 4/10/2008 4/10/2018 USG2025MAB75 CP5100153 Cerro Negro Finance Ltd 7.9 6/18/1998 12/1/2020 US156877AC63 156877AC6 Cerro Negro Finance Ltd 8.03 6/18/1998 6/1/2028 USG2025MAC58 CP5100211 Cerro Negro Finance Ltd 8.03 6/18/1998 6/1/2028 US156877AB80 156877AB8 Cerro Negro Finance Ltd 7.9 6/18/1998 12/1/2020 XS0294364954 EG3110533 Petroleos de Venezuela SA 5.375 4/12/2007 4/12/2027 XS0294367205 EG3110772 Petroleos de Venezuela SA 5.5 4/12/2007 4/12/2037 USP7807HAK16 EI4173619 Petroleos de Venezuela SA 8.5 10/29/2010 11/2/2017 US716558AB79 716558AB7 Petroleos de Venezuela SA 8.5 10/29/2010 11/2/2017 US716558AC52 716558AC5 Petroleos de Venezuela SA 12.75 2/17/2011 2/17/2022 USP7807HAM71 EI5787318 Petroleos de Venezuela SA 12.75 2/17/2011 2/17/2022 US716558AD36 716558AD3 Petroleos de Venezuela SA 9 11/17/2011 11/17/2021 USP7807HAP03 EI8799468 Petroleos de Venezuela SA 9 11/17/2011 11/17/2021 USP7807HAQ85 EJ1968233 Petroleos de Venezuela SA 9.75 5/17/2012 5/17/2035 US716558AE19 716558AE1 Petroleos de Venezuela SA 9.75 5/17/2012 5/17/2035 USP7807HAR68 EJ9776299 Petroleos de Venezuela SA 6 11/15/2013 11/15/2026 US716558AF83 716558AF8 Petroleos de Venezuela SA 6 11/15/2013 11/15/2026 USP7807HAT25 EK2909308 Petroleos de Venezuela SA 6 5/16/2014 5/16/2024 US716558AG66 716558AG6 Petroleos de Venezuela SA 6 5/16/2014 5/16/2024 XS1126891685 JV9618804 Petroleos de Venezuela SA 6 10/28/2014 10/28/2022 USP7807HAV70 QZ9940003 Petroleos de Venezuela SA 8.5 10/28/2016 10/27/2020 US716558AH40 716558AH4 Petroleos de Venezuela SA 8.5 10/28/2016 10/27/2020 USG70415AC18 DD0110070 Petrozuata Finance Inc 8.37 6/27/1997 10/1/2022 US71676QAE61 71676QAE6 Petrozuata Finance Inc 8.37 6/27/1997 10/1/2022 XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 SE0005994167 EK3410280 Nynas AB STIB3M +750.0 06/26/2014 06/26/2018 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela GENERAL LICENSE 3A Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraph
(c)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license that would be prohibited by Subsection 1(a)(iii) of Executive Order 13808 of August 24, 2017, are authorized.
(b)Except as provided in paragraph
(c)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of Executive Order of August 24, 2017), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(c)This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(d)Effective January 28, 2019, General License No. 3, dated August 25, 2017, is replaced and superseded in its entirety by this General License No. 3A. Andrea Gacki, Director, Office of Foreign Assets Control Dated: January 28, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3A List of Venezuela-related Bonds Described in Paragraph
(a)of General License 3A, as of January 28, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0356521160 EH2888749 CA La Electricidad de Caracas 8.5 4/10/2008 4/10/2018 USG2025MAB75 CP5100153 Cerro Negro Finance Ltd 7.9 6/18/1998 12/1/2020 US156877AC63 156877AC6 Cerro Negro Finance Ltd 8.03 6/18/1998 6/1/2028 USG2025MAC58 CP5100211 Cerro Negro Finance Ltd 8.03 6/18/1998 6/1/2028 US156877AB80 156877AB8 Cerro Negro Finance Ltd 7.9 6/18/1998 12/1/2020 XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela GENERAL LICENSE 3B Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraph
(e)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(e)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in the bonds specified in the Annex to this general license, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(e)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, bonds specified in the Annex to this general license are authorized. This authorization is valid through 12:01 a.m. eastern standard time, March 3, 2019.
(d)Except as provided in paragraph
(e)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(f)Effective February 1, 2019, General License No. 3A, dated January 28, 2019, is replaced and superseded in its entirety by this General License No. 3B. Andrea Gacki, Director, Office of Foreign Assets Control Dated: February 1, 2019 Annex—Venezuela-Related Bonds Described in Paragraphs (a), (b), and
(c)of General License 3B List of Venezuela-Related Bonds Described in Paragraphs (a), (b), and
(c)of General License 3B, as of February 1, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela GENERAL LICENSE 3C Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3C Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3C Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3C Bonds are authorized. This authorization is valid through 12:01 a.m. eastern standard time, March 11, 2019.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)Paragraph
(a)of this general license does not authorize U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, bonds issued by the Government of Venezuela prior to August 25, 2017 (including the GL 3C Bonds), other than purchases of or investments in GL 3C Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3C Bonds.
(f)This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(g)Effective February 11, 2019, General License No. 3B, dated February 1, 2019, is replaced and superseded in its entirety by this General License No. 3C. Andrea Gacki, Director, Office of Foreign Assets Control Dated: February 11, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3C (GL 3C Bonds) List of GL 3C Bonds, as of February 11, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela GENERAL LICENSE 3D Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3D Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3D Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3D Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, May 10, 2019.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)Paragraph
(a)of this general license does not authorize U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, bonds issued by the Government of Venezuela prior to August 25, 2017 (including the GL 3D Bonds), other than purchases of or investments in GL 3D Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3D Bonds.
(f)This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(g)Effective March 8, 2019, General License No. 3C, dated February 11, 2019, is replaced and superseded in its entirety by this General License No. 3D. Andrea Gacki, Director, Office of Foreign Assets Control Dated: March 8, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3D (GL 3D Bonds) List of GL 3D Bonds, as of March 8, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela Executive Order 13850 of November 1, 2018 Blocking Property of Additional Persons Contributing to the Situation in Venezuela GENERAL LICENSE 3E Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3E Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, as amended by E.O. 13857 of January 25, 2019 (“Taking Additional Steps to Address the National Emergency With Respect to Venezuela”) (E.O. 13808), or by E.O. 13850, as amended by E.O. 13857 (E.O. 13850), are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3E Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 or by E.O. 13850 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3E Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, September 30, 2019.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)Paragraph
(a)of this general license does not authorize:
(1)U.S. persons to sell, or to facilitate the sale of, GL3E Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, including Banco Central de Venezuela, Petróleos de Venezuela, S.A. (PdVSA), or any entities in which the Banco Central de Venezuela or PdVSA owns, directly or indirectly, a 50 percent or greater interest.
(2)U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3E Bonds, other than purchases of or investments in GL 3E Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3E Bonds.
(f)This general license does not authorize any transaction that is otherwise prohibited by E.O. 13850 of November 1, 2018, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808 of August 24, 2017, E.O. 13692 of March 8, 2015, each as amended by E.O. 13857, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than transactions involving Banco Central de Venezuela that are described in this general license.
(g)Effective April 17, 2019, General License No. 3D, dated March 8, 2019, is replaced and superseded in its entirety by this General License No. 3E. Andrea Gacki, Director, Office of Foreign Assets Control Dated: April 17, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3E (GL 3E Bonds) List of GL 3E Bonds, as of April 17, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela Executive Order 13850 of November 1, 2018 Blocking Property of Additional Persons Contributing to the Situation in Venezuela Executive Order of August 5, 2019 Blocking Property of the Government of Venezuela GENERAL LICENSE 3F Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3F Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by E.O. 13857 of January 25, 2019, or by E.O. of August 5, 2019, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. of August 5, 2019 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3F Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. of August 5, 2019 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3F Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, September 30, 2019.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)Paragraph
(a)of this general license does not authorize:
(1)U.S. persons to sell, or to facilitate the sale of, GL3F Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, as amended, or E.O. of August 5, 2019.
(2)U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3F Bonds, other than purchases of or investments in GL 3F Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3F Bonds.
(f)This general license does not authorize:
(1)The unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); or
(2)Any transaction that is otherwise prohibited by E.O. of August 5, 2019, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than the transactions involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license.
(g)Effective August 5, 2019, General License No. 3E, dated April 17, 2019, is replaced and superseded in its entirety by this General License No. 3F. Andrea Gacki, Director, Office of Foreign Assets Control Dated: August 5, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3F (GL 3F Bonds) List of GL 3F Bonds, as of August 5, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela Executive Order 13850 of November 1, 2018 Blocking Property of Additional Persons Contributing to the Situation in Venezuela Executive Order 13884 of August 5, 2019 Blocking Property of the Government of Venezuela GENERAL LICENSE 3G Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3G Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3G Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3G Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, March 31, 2020.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e)Paragraph
(a)of this general license does not authorize:
(1)U.S. persons to sell, or to facilitate the sale of, GL3G Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, as amended, or E.O. 13884.
(2)U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3G Bonds, other than purchases of or investments in GL 3G Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3G Bonds.
(f)This general license does not authorize:
(1)The unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); or
(2)Any transaction that is otherwise prohibited by E.O. 13884, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than the transactions involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license.
(g)Effective September 30, 2019, General License No. 3F, dated August 5, 2019, is replaced and superseded in its entirety by this General License No. 3G. Andrea Gacki, Director, Office of Foreign Assets Control Dated: October 1, 2019 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License 3G (GL 3G Bonds) List of GL 3G Bonds, as of September 30, 2019: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 3H Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a)Except as provided in paragraphs
(e)and
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3H Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017 or by E.O. 13850 of November 1, 2018, each as amended by E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, as collectively incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b)Except as provided in paragraph
(f)of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3H Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c)Except as provided in paragraph
(f)of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3H Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, March 31, 2020.
(d)Except as provided in paragraph
(f)of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both
(i)prior to August 25, 2017 (the effective date of E.O. 13808), and
(ii)by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, that would be prohibited by E.O. 13808 or E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, are authorized.
(e)Paragraph
(a)of this general license does not authorize:
(1)U.S. persons to sell, or to facilitate the sale of, GL 3H Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to the VSR; or
(2)U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3H Bonds, other than purchases of or investments in GL 3H Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3H Bonds.
(f)This general license does not authorize:
(1)The unblocking of any property blocked pursuant to the VSR, or any other part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); 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 persons other than transactions or activities involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license.
(g)Effective May 12, 2020, General License No. 3G, dated October 1, 2019, is replaced and superseded in its entirety by this General License No. 3H. Andrea Gacki, Director, Office of Foreign Assets Control Dated: May 12, 2020 Annex—Venezuela-Related Bonds Described in Paragraph
(a)of General License No. 3H (GL 3H Bonds) List of GL 3H Bonds, as of May 12, 2020: ISIN CUSIP Issuer name Cpn Issue date Maturity XS0082274118 EC0634765 Pulp & Paper International Invts Ltd 8.5 12/2/1997 12/2/2002 XS0838835451 EJ4041160 Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The 11.75 10/3/2012 10/21/2026 XS0504851535 EI2372072 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 4/30/2010 10/13/2024 XS0838864808 EJ4040618 Republic of Venezuela 8.25% Bonds 2024 Ltd/The 8.25 10/3/2012 10/13/2024 USN7992HAA07 EF3856640 Sidetur Finance BV 10 5/3/2006 4/20/2016 US825870AA62 825870AA6 Sidetur Finance BV 10 5/3/2006 4/20/2016 XS0081483090 922655BR5 Venezuela Global Strip 0 9/18/1997 9/15/2017 XS0081484817 GG7366808 Venezuela Global Strip 0 9/18/1997 9/15/2021 XS0081487166 922655CJ2 Venezuela Global Strip 0 9/18/1997 3/15/2026 XS0081483843 922655BV6 Venezuela Global Strip 0 9/18/1997 9/15/2019 XS0081483504 922655BU8 Venezuela Global Strip 0 9/18/1997 3/15/2019 XS0081486861 922655CH6 Venezuela Global Strip 0 9/18/1997 9/15/2025 XS0081484064 922655BW4 Venezuela Global Strip 0 9/18/1997 3/15/2020 XS0081483413 922655BT1 Venezuela Global Strip 0 9/18/1997 9/15/2018 XS0081487240 922655CK9 Venezuela Global Strip 0 9/18/1997 9/15/2026 XS0081486515 922655CG8 Venezuela Global Strip 0 9/18/1997 3/15/2025 XS0081484908 922655CA1 Venezuela Global Strip 0 9/18/1997 3/15/2022 XS0081485202 922655CB9 Venezuela Global Strip 0 9/18/1997 9/15/2022 XS0081485467 922655CD5 Venezuela Global Strip 0 9/18/1997 9/15/2023 XS0081483330 922655BS3 Venezuela Global Strip 0 9/18/1997 3/15/2018 XS0081486192 922655CF0 Venezuela Global Strip 0 9/18/1997 9/15/2024 XS0081484221 922655BX2 Venezuela Global Strip 0 9/18/1997 9/15/2020 XS0081485541 922655CE3 Venezuela Global Strip 0 9/18/1997 3/15/2024 XS0081484650 922655BY0 Venezuela Global Strip 0 9/18/1997 3/15/2021 XS0081485384 922655CC7 Venezuela Global Strip 0 9/18/1997 3/15/2023 XS0081487679 922655CL7 Venezuela Global Strip 0 9/18/1997 3/15/2027 XS0081469008 922655CS2 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081487836 922655CM5 Venezuela Global Strip 0 9/18/1997 9/15/2027 XS0081469859 922655CR4 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0081488644 922655CQ6 Venezuela Global Strip 0 #N/A Field Not Applicable 9/15/2027 XS0029484788 EF3043504 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484861 EF3042142 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484515 EF3043546 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029485322 TT3352321 Venezuela Government International Bond 0 12/18/1990 4/15/2020 XS0029484945 TT2005359 Venezuela Government International Bond 0 12/18/1990 4/15/2020 US922646AS37 922646AS3 Venezuela Government International Bond 9.25 9/18/1997 9/15/2027 US922646AT10 922646AT1 Venezuela Government International Bond 13.625 8/6/1998 8/15/2018 USP9395PAA95 EF5132735 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 US922646BE32 922646BE3 Venezuela Government International Bond 13.625 9/27/2001 8/15/2018 USP97475AD26 ED2379482 Venezuela Government International Bond 7 12/1/2003 12/1/2018 US922646BL74 922646BL7 Venezuela Government International Bond 9.375 1/14/2004 1/13/2034 XS0217249126 ED8955574 Venezuela Government International Bond 7.65 4/21/2005 4/21/2025 USP97475AG56 EF1877168 Venezuela Government International Bond 6 12/9/2005 12/9/2020 USP97475AJ95 EH0305910 Venezuela Government International Bond 7 11/15/2007 3/31/2038 USP17625AB33 EH3345228 Venezuela Government International Bond 9.25 5/7/2008 5/7/2028 USP17625AA59 EH3344783 Venezuela Government International Bond 9 5/7/2008 5/7/2023 USP97475AN08 EH9901297 Venezuela Government International Bond 7.75 10/13/2009 10/13/2019 USP97475AP55 EH9901214 Venezuela Government International Bond 8.25 10/13/2009 10/13/2024 USP17625AC16 EI3500440 Venezuela Government International Bond 12.75 8/23/2010 8/23/2022 USP17625AD98 EI7507573 Venezuela Government International Bond 11.95 8/5/2011 8/5/2031 USP17625AE71 EI8410553 Venezuela Government International Bond 11.75 10/21/2011 10/21/2026 Andrea M. Gacki, Director, Office of Foreign Assets Control. [FR Doc. 2022-22198 Filed 10-12-22; 8:45 am]
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