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Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y

Rule published September 23, 2026 · 91 FR 60304

Document number
FR Doc. 2026-19422
Type
Rule
Published
September 23, 2026
Citation
91 FR 60304 (page 60,304)
Action
Publication of web general licenses.
Dates
GL 5X was issued on June 18, 2026. 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 two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GL 5X and 5Y, each of 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 91, Number 183 (Wednesday, September 23, 2026)]
[Rules and Regulations]
[Page 60304]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2026-19422]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 591


Publication of Venezuela Sanctions Regulations Web General
Licenses 5X and 5Y

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 two general licenses (GLs) issued pursuant
to the Venezuela Sanctions Regulations: GL 5X and 5Y, each of which was
previously made available on OFAC's website.

DATES: GL 5X was issued on June 18, 2026. See SUPPLEMENTARY INFORMATION
for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Regulatory Affairs, 202-622-4855; or https://ofac.treasury.gov/contact-ofac.

SUPPLEMENTARY INFORMATION:

Electronic Availability

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

Background

    On June 18, 2026, OFAC issued GL 5X to authorize certain
transactions otherwise prohibited by the Venezuela Sanctions
Regulations, 31 CFR part 591. GL 5X replaced and superseded GL 5W. On
August 3, 2026, OFAC issued GL 5Y, which replaced and superseded GL 5X.
These GLs were made available on OFAC's website (https://ofac.treasury.gov) when they were issued. The text of these GLs is
provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5X

Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After August 4, 2026

    (a) Except as provided in paragraph (b) of this general license, on
or after August 4, 2026, 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 June 18, 2026, General License No. 5W, dated May 4,
2026, is replaced and superseded in its entirety by this General
License No. 5X.

Lisa M. Palluconi,

Deputy Director, Office of Foreign Assets Control.

    Dated: June 18, 2026.

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5Y

Authorizing Certain Transactions Related to the Petr[oacute]leos de
Venezuela, S.A. 2020 8.5 Percent Bond on or After September 17, 2026

    (a) Except as provided in paragraph (b) of this general license, on
or after September 17, 2026, 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 August 3, 2026, General License No. 5X, dated June
18, 2026, is replaced and superseded in its entirety by this General
License No. 5Y.

Bradley T. Smith,

Director, Office of Foreign Assets Control.

    Dated: August 3, 2026.

Bradley T. Smith,
Director, Office of Foreign Assets Control.
[FR Doc. 2026-19422 Filed 9-22-26; 8:45 am]
BILLING CODE 4810-AL-P

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