Treasury Department Final Rule

2026-19422: Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y

Get alerted when the next rule lands

New rules open for comment on their own schedule. Pick how you want to hear about them — we email you when one appears.

Alert me on new Treasury Department rules or alert me on a subject

Publishing to members? Embed a live rule tracker on your own site — the proposed rules in your area and the comment deadlines closing on them, updating themselves. Free, one line of HTML.

Create a free account & build one →

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.

The agency’s own summary, as published.

The rule, in full

608 words as published, September 23, 2026. View the original →

Federal Register, Volume 91 Issue 183 (Wednesday, September 23, 2026) [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] ----------------------------------------------------------------------- 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 GL 5X replaced and superseded GL 5W.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

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

Don't miss the comment window

One Click Politics alerts you on every deadline, hearing, and rule change.

See all rules with comments due soon →