2024-18754: Publication of Venezuela Sanctions Regulations Web General License 40C

Federal Register, Volume 89 Issue 162 (Wednesday, August 21, 2024) [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] ----------------------------------------------------------------------- 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