Publication of Venezuela Sanctions Regulations Web General License 5P

• Published date: 09 September 2024
• Citation: 89 FR 72986
• Pages: 72986-72987
• FR Document: 2024-20224
• Section: Rules and Regulations
• Issuer: Treasury Department,Foreign Assets Control Office

Federal Register, Volume 89 Issue 174 (Monday, September 9, 2024)

[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
                [Rules and Regulations]
                [Pages 72986-72987]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2024-20224]
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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 5P
                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 5P, which was previously
                made available on OFAC's website.
                DATES: GL 5P was issued on August 12, 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 August 12, 2024, OFAC issued GL 5P to authorize certain
                transactions otherwise prohibited by the Venezuela Sanctions
                Regulations (VSR), 31 CFR part 591. GL 5P was made available on OFAC's
                website (https://ofac.treasury.gov) when it was issued. GL 5P
                supersedes GL 5O, which was issued on April 15, 2024. The text of GL 5P
                is provided below.
                OFFICE OF FOREIGN ASSETS CONTROL
                Venezuela Sanctions Regulations
                31 CFR Part 591
                GENERAL LICENSE NO. 5P
                Authorizing Certain Transactions Related to the Petr[oacute]leos de
                Venezuela, S.A. 2020 8.5 Percent Bond on or After November 12, 2024 (a) Except as provided in paragraph (b) of this general license, on
                or after
                [[Page 72987]]
                November 12, 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 August 12, 2024, General License No. 5O, dated April
                15, 2024, is replaced and superseded in its entirety by this General
                License No. 5P.
                Lisa M. Palluconi,
                Acting Director Office of Foreign Assets Control. Dated: August 12, 2024.
                Lisa M. Palluconi,
                Acting Director, Office of Foreign Assets Control.
                [FR Doc. 2024-20224 Filed 9-6-24; 8:45 am]
                BILLING CODE 4810-AL-P