Rules and Regulations. Publication of a web general license

479 words·~2 min read·/register/2023/08/07/2023-16732

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 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: Electronic Availability This document and additional information concerning OFAC are available on OFAC's website: *https://ofac.treasury.gov/.* 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 ( *https://ofac.treasury.gov/* ) 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, Petróleos 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]

Connections1 off-index

1 reference not yet in our index

31 CFR 591

Citation graph

cites case law

Rules and Regulations

Publication of a web general license

Cite31 CFR 591

Cites 1Cited by 0 across 0 sources