Publication of Venezuela Sanctions Regulations Web General License 5N
Rule published February 22, 2024 · 89 FR 13271
- Document number
- FR Doc. 2024-03626
- Type
- Rule
- Published
- February 22, 2024
- Citation
- 89 FR 13271 (page 13,271)
- Action
- Publication of web general license.
- Dates
- GL 5N was issued on January 16, 2024. See SUPPLEMENTARY INFORMATION for additional relevant dates.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe 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 5N, which was previously made available on OFAC's website.
Regulations cited
- 31 CFR part 591 (today: Venezuela Sanctions Regulations) · Other documents citing it · eCFR as of February 22, 2024
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
Executive orders cited
- Executive Order 13857 · Other documents citing it
Text
As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.
[Federal Register Volume 89, Number 36 (Thursday, February 22, 2024)]
[Rules and Regulations]
[Page 13271]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03626]
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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 5N
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 5N, which was previously
made available on OFAC's website.
DATES: GL 5N was issued on January 16, 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: https://ofac.treasury.gov.
Background
On January 16, 2024, OFAC issued GL 5N 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 (https://ofac.treasury.gov) when it was issued. GL 5N
supersedes GL 5M, which was issued on October 18, 2023. The text of GL
5N is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 5N
Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After April 16, 2024
(a) Except as provided in paragraph (b) of this general license, on
or after April 16, 2024, 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 January 16, 2024, General License No. 5M, dated
October 18, 2023, is replaced and superseded in its entirety by this
General License No. 5N.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Dated: January 16, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2024-03626 Filed 2-21-24; 8:45 am]
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