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Publication of Venezuela Sanctions Regulations Web General License 40C

Rule published August 21, 2024 · 89 FR 67557

Document number
FR Doc. 2024-18754
Type
Rule
Published
August 21, 2024
Citation
89 FR 67557 (pages 67,557–67,558)
Action
Publication of a web general license.
Dates
GL 40C was issued on July 8, 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 40C, which was previously made available on OFAC's website.

Regulations cited

OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.

Executive orders cited

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 162 (Wednesday, August 21, 2024)]
[Rules and Regulations]
[Pages 67557-67558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18754]


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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 40C

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 40C, which was previously
made available on OFAC's website.

DATES: GL 40C was issued on July 8, 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:

[[Page 67558]]

Electronic Availability

    This document and additional information concerning OFAC are
available on OFAC's website: https://ofac.treasury.gov/.

Background

    On July 8, 2024, OFAC issued GL 40C to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations (VSR), 31 CFR part 591. GL 40C was made available on OFAC's
website (https://ofac.treasury.gov/) when it was issued. GL 40C
supersedes GL 40B, which was issued on July 10, 2023. GL 40C has an
expiration date of July 8, 2025. The text of this GL is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 40C

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, 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 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 8, 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 8, 2024, General License No. 40B, dated July 10,
2023, is replaced and superseded in its entirety by this General
License No. 40C.

    Note to General License No. 40C. 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.


    Dated: July 8, 2024.
Bradley T. Smith,
Director, Office of Foreign Assets Control.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-18754 Filed 8-20-24; 8:45 am]
BILLING CODE 4810-AL-P

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