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 Department of the Treasury Office of Foreign Assets Control 31 CFR Part 591
 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 six general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 3I, 5M, 9H, 43, 44, and 45, each of which was previously made available on OFAC's website.
 DATES: GLs 3I, 5M, 9H, 43, 44, and 45 were issued on October 18, 2023. 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 October 18, 2023, OFAC issued GLs 3I, 5M, 9H, 43, 44, and 45 to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591, or authorities incorporated therein. Each GL was made available on OFAC's website (
                    *https://ofac.treasury.gov*) when it was issued. GL 3I supersedes GL 3H, which was issued on May 12, 2020. GL 5M supersedes GL 5L, which was issued on July 19, 2023. GL 9H supersedes GL 9G, which was issued May 12, 2020. GL 44 has an expiration date of April 18, 2024. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 3I Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds (a) Except as provided in paragraphs (e) and (f) of this general license, all transactions related to, the provision of financing for, and other dealings in bonds specified in the Annex to this general license (GL 3I Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017 or by E.O. 13850 of November 1, 2018, each as amended by E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, as collectively incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized, including, on or after October 18, 2023, divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds to a U.S. person. (b) Except as provided in paragraph (f) of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3I Bonds, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019. (c) Except as provided in paragraph (f) of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on February 1, 2019, involving, or linked to, GL 3I Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, March 31, 2020. (d) Except as provided in paragraph (f) of this general license, all transactions related to, the provision of financing for, and other dealings in bonds that were issued both (i) prior to August 25, 2017 (the effective date of E.O. 13808), and (ii) by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, that would be prohibited by E.O. 13808 or E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, are authorized. (e) Paragraph (a) of this general license does not authorize U.S. persons to sell, or to facilitate the sale of, GL3I Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to the VSR. (f) This general license does not authorize: (1) The unblocking of any property blocked pursuant to the VSR, or any other part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); or (2) Any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V, or any transactions or activities with any blocked persons other than transactions or activities involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license. (g) Effective October 18, 2023, General License No. 3H, dated May 12, 2020, is replaced and superseded in its entirety by this General License No. 3I. Bradley T. Smith, *Director*, *Office of Foreign Assets Control*. Dated: October 18, 2023. Annex—Venezuela-Related Bonds Described in Paragraph (a) of General License 3I (GL 3I Bonds) List of GL 3I Bonds, as of October 18, 2023:
                    ( print page 76992) ISIN
CUSIP
Issuer name
Cpn
Issue date
MaturityXS0082274118
EC0634765
Pulp & Paper International Invts Ltd
8.5
12/2/1997
12/2/2002XS0838835451
EJ4041160
Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The
11.75
10/3/2012
10/21/2026XS0504851535
EI2372072
Republic of Venezuela 8.25% Bonds 2024 Ltd/The
8.25
4/30/2010
10/13/2024XS0838864808
EJ4040618
Republic of Venezuela 8.25% Bonds 2024 Ltd/The
8.25
10/3/2012
10/13/2024USN7992HAA07
EF3856640
Sidetur Finance BV
10
5/3/2006
4/20/2016US825870AA62
825870AA6
Sidetur Finance BV
10
5/3/2006
4/20/2016XS0081483090
922655BR5
Venezuela Global Strip
0
9/18/1997
9/15/2017XS0081484817
GG7366808
Venezuela Global Strip
0
9/18/1997
9/15/2021XS0081487166
922655CJ2
Venezuela Global Strip
0
9/18/1997
3/15/2026XS0081483843
922655BV6
Venezuela Global Strip
0
9/18/1997
9/15/2019XS0081483504
922655BU8
Venezuela Global Strip
0
9/18/1997
3/15/2019XS0081486861
922655CH6
Venezuela Global Strip
0
9/18/1997
9/15/2025XS0081484064
922655BW4
Venezuela Global Strip
0
9/18/1997
3/15/2020XS0081483413
922655BT1
Venezuela Global Strip
0
9/18/1997
9/15/2018XS0081487240
922655CK9
Venezuela Global Strip
0
9/18/1997
9/15/2026XS0081486515
922655CG8
Venezuela Global Strip
0
9/18/1997
3/15/2025XS0081484908
922655CA1
Venezuela Global Strip
0
9/18/1997
3/15/2022XS0081485202
922655CB9
Venezuela Global Strip
0
9/18/1997
9/15/2022XS0081485467
922655CD5
Venezuela Global Strip
0
9/18/1997
9/15/2023XS0081483330
922655BS3
Venezuela Global Strip
0
9/18/1997
3/15/2018XS0081486192
922655CF0
Venezuela Global Strip
0
9/18/1997
9/15/2024XS0081484221
922655BX2
Venezuela Global Strip
0
9/18/1997
9/15/2020XS0081485541
922655CE3
Venezuela Global Strip
0
9/18/1997
3/15/2024XS0081484650
922655BY0
Venezuela Global Strip
0
9/18/1997
3/15/2021XS0081485384
922655CC7
Venezuela Global Strip
0
9/18/1997
3/15/2023XS0081487679
922655CL7
Venezuela Global Strip
0
9/18/1997
3/15/2027XS0081469008
922655CS2
Venezuela Global Strip
0
9/18/1997
9/15/2027XS0081487836
922655CM5
Venezuela Global Strip
0
9/18/1997
9/15/2027XS0081469859
922655CR4
Venezuela Global Strip
0
(*)
9/15/2027XS0081488644
922655CQ6
Venezuela Global Strip
0
(*)
9/15/2027XS0029484788
EF3043504
Venezuela Government International Bond
0
12/18/1990
4/15/2020XS0029484861
EF3042142
Venezuela Government International Bond
0
12/18/1990
4/15/2020XS0029484515
EF3043546
Venezuela Government International Bond
0
12/18/1990
4/15/2020XS0029485322
TT3352321
Venezuela Government International Bond
0
12/18/1990
4/15/2020XS0029484945
TT2005359
Venezuela Government International Bond
0
12/18/1990
4/15/2020US922646AS37
922646AS3
Venezuela Government International Bond
9.25
9/18/1997
9/15/2027US922646AT10
922646AT1
Venezuela Government International Bond
13.625
8/6/1998
8/15/2018USP9395PAA95
EF5132735
Venezuela Government International Bond
13.625
9/27/2001
8/15/2018US922646BE32
922646BE3
Venezuela Government International Bond
13.625
9/27/2001
8/15/2018USP97475AD26
ED2379482
Venezuela Government International Bond
7
12/1/2003
12/1/2018US922646BL74
922646BL7
Venezuela Government International Bond
9.375
1/14/2004
1/13/2034XS0217249126
ED8955574
Venezuela Government International Bond
7.65
4/21/2005
4/21/2025USP97475AG56
EF1877168
Venezuela Government International Bond
6
12/9/2005
12/9/2020USP97475AJ95
EH0305910
Venezuela Government International Bond
7
11/15/2007
3/31/2038USP17625AB33
EH3345228
Venezuela Government International Bond
9.25
5/7/2008
5/7/2028USP17625AA59
EH3344783
Venezuela Government International Bond
9
5/7/2008
5/7/2023USP97475AN08
EH9901297
Venezuela Government International Bond
7.75
10/13/2009
10/13/2019USP97475AP55
EH9901214
Venezuela Government International Bond
8.25
10/13/2009
10/13/2024USP17625AC16
EI3500440
Venezuela Government International Bond
12.75
8/23/2010
8/23/2022USP17625AD98
EI7507573
Venezuela Government International Bond
11.95
8/5/2011
8/5/2031USP17625AE71
EI8410553
Venezuela Government International Bond
11.75
10/21/2011
10/21/2026# N/A Field Not Applicable.
 
 
 OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5M Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After January 18, 2024 (a) Except as provided in paragraph (b) of this general license, on or after January 18, 2024, all transactions related to, the provision of financing for, and other dealings in the Petróleos 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 October 18, 2023, General License No. 5L, dated July 19, 2023, is replaced and superseded in its entirety by this General License No. 5M. Bradley T. Smith, *Director,* *Office of Foreign Assets Control.* Dated: October 18, 2023. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 9H Authorizing Transactions Related to Dealings in Certain Securities (a) Except as provided in paragraphs (f) and (g) of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017 or by E.O. 13850 of November 1, 2018, each as amended by E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, as collectively incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), that are ordinarily incident and necessary to dealings in any debt (including the bonds listed on the Annex to this general license, promissory notes, and other receivables) of, or any equity in, Petróleos de Venezuela, S.A. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, issued prior to August 25, 2017 (the effective date of E.O. 13808) (together, “PdVSA Securities”), are authorized, including, on or after October 18, 2023, divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such PdVSA Securities to a U.S. person. (b) The transactions and activities authorized in paragraph (a) include facilitating, clearing, and settling transactions to divest PdVSA Securities, including on behalf of U.S. persons. (c) Except as provided in paragraph (g) of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in PdVSA Securities are authorized, provided such trades were placed prior to 4:00 p.m. eastern standard time on January 28, 2019. (d) Except as provided in paragraph (g) of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into prior to 4:00 p.m. eastern standard time on January 28, 2019, involving, or linked to, PdVSA Securities are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, March 31, 2020. (e) Except as provided in paragraph (g) of this general license, all transactions and activities prohibited by Subsection 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884, as collectively incorporated into the VSR, that are ordinarily incident and necessary to dealings in any bonds that were issued prior to August 25, 2017 (the effective date of E.O. 13808) by the following entities or any of their subsidiaries, are authorized: PDV Holdings, Inc.
                CITGO Holdings, Inc. (f) Paragraph (a) of this general license does not authorize U.S. persons to sell, or to facilitate the sale of, PdVSA Securities to, directly or indirectly, any person whose property and interests in property are blocked pursuant to the VSR. (g) This general license does not authorize: (1) The unblocking of any property blocked pursuant to the VSR, or any other part of 31 CFR chapter V, except as authorized by paragraphs (a), (c), (d), and (e); or (2) Any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V, or any transactions or activities with any blocked persons other than transactions or activities involving Government of Venezuela, including Banco Central de Venezuela, PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, that are described in this general license. (h) Effective October 18, 2023, General License No. 9G, dated May 12, 2020, is replaced and superseded in its entirety by this General License No. 9H. Bradley T. Smith, *Director,* *Office of Foreign Assets Control.* Dated: October 18, 2023. Annex—Bonds Described in Paragraph (a) of General License 9H List of Bonds Described in Paragraph (a) of General License 9H, as of October 18, 2023: ISIN
CUSIP
Issuer name
Cpn
Issue date
MaturityXS0294364954
EG3110533
Petroleos de Venezuela SA
5.375
4/12/2007
4/12/2027XS0294367205
EG3110772
Petroleos de Venezuela SA
5.5
4/12/2007
4/12/2037USP7807HAK16
EI4173619
Petroleos de Venezuela SA
8.5
10/29/2010
11/2/2017US716558AB79
716558AB7
Petroleos de Venezuela SA
8.5
10/29/2010
11/2/2017US716558AC52
716558AC5
Petroleos de Venezuela SA
12.75
2/17/2011
2/17/2022USP7807HAM71
EI5787318
Petroleos de Venezuela SA
12.75
2/17/2011
2/17/2022US716558AD36
716558AD3
Petroleos de Venezuela SA
9
11/17/2011
11/17/2021USP7807HAP03
EI8799468
Petroleos de Venezuela SA
9
11/17/2011
11/17/2021USP7807HAQ85
EJ1968233
Petroleos de Venezuela SA
9.75
5/17/2012
5/17/2035US716558AE19
716558AE1
Petroleos de Venezuela SA
9.75
5/17/2012
5/17/2035USP7807HAR68
EJ9776299
Petroleos de Venezuela SA
6
11/15/2013
11/15/2026US716558AF83
716558AF8
Petroleos de Venezuela SA
6
11/15/2013
11/15/2026USP7807HAT25
EK2909308
Petroleos de Venezuela SA
6
5/16/2014
5/16/2024( print page 76994)US716558AG66
716558AG6
Petroleos de Venezuela SA
6
5/16/2014
5/16/2024XS1126891685
JV9618804
Petroleos de Venezuela SA
6
10/28/2014
10/28/2022USP7807HAV70
QZ9940003
Petroleos de Venezuela SA
8.5
10/28/2016
10/27/2020US716558AH40
716558AH4
Petroleos de Venezuela SA
8.5
10/28/2016
10/27/2020USG70415AC18
DD0110070
Petrozuata Finance Inc
8.37
6/27/1997
10/1/2022US71676QAE61
71676QAE6
Petrozuata Finance Inc
8.37
6/27/1997
10/1/2022USG2025MAB75
CP5100153
Cerro Negro Finance Ltd
7.9
6/18/1998
12/1/2020US156877AC63
156877AC6
Cerro Negro Finance Ltd
8.03
6/18/1998
6/1/2028USG2025MAC58
CP5100211
Cerro Negro Finance Ltd
8.03
6/18/1998
6/1/2028US156877AB80
156877AB8
Cerro Negro Finance Ltd
7.9
6/18/1998
12/1/2020XS0356521160
EH2888749
CA La Electricidad de Caracas
8.5
4/10/2008
4/10/2018
 OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 43 Authorizing Transactions Involving CVG Compania General de Mineria de Venezuela CA (a) Except as provided in paragraph (b) of this general license, all transactions involving CVG Compania General de Mineria de Venezuela CA (Minerven), or any entity in which Minerven owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 13884, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions otherwise prohibited by the VSR, including any transactions involving any person blocked pursuant to the VSR other than the blocked persons described in paragraph (a) of this general license, Government of Venezuela persons blocked solely pursuant to E.O. 13884, Banco Central de Venezuela, or Banco de Venezuela SA Banco Universal. Bradley T. Smith, *Director, Office of Foreign Assets Control.* Dated: October 18, 2023. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 44 Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including transactions involving Petróleos de Venezuela, S.A. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, “PdVSA Entities”), that are related to oil or gas sector operations in Venezuela are authorized through 12:01 a.m. eastern daylight time, April 18, 2024, including: (1) Production, lifting, sale, and exportation of oil or gas from Venezuela, and provision of related goods and services; (2) Payment of invoices for goods or services related to oil or gas sector operations in Venezuela; · (3) New investment in oil or gas sector operations in Venezuela; and (4) Delivery of oil and gas from Venezuela to creditors of the Government of Venezuela, including creditors of PdVSA Entities, for the purpose of debt repayment. (b) This general license does not authorize: (1) Any transactions involving any financial institution blocked pursuant to Executive Order (E.O.) 13850 other than Banco Central de Venezuela or Banco de Venezuela SA Banco Universal; (2) The provision of goods or services to, or new investment in, an entity located in Venezuela that is owned or controlled by, or a joint venture with, an entity located in the Russian Federation; (3) Any transactions related to new investment in oil or gas sector operations in Venezuela by a person located in the Russian Federation or any entity owned or controlled by a person located in the Russian Federation; (4) Any transactions prohibited by subsections l(a)(i)-(iii) or l(b) of E.O. 13808, other than the transactions described in paragraphs (a)(2) and (a)(4) of this general license; (5) Any transactions prohibited by E.O. 13827 or E.O. 13835; or (6) The unblocking of any property blocked pursuant to the VSR. Note to General License No. 44. Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security. Bradley T. Smith, *Director, Office of Foreign Assets Control.* Dated: October 18, 2023. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 45 Authorizing Certain Repatriation Transactions Involving Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S.A. (a) Except as provided in paragraph (b) of this general license, all transactions ordinarily incident and necessary to the repatriation of Venezuelan nationals from non-U.S. jurisdictions in the Western Hemisphere to Venezuela, and are exclusively for the purposes of such repatriation, involving Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, S.A. (Conviasa), or any entity in which Conviasa owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 13884, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized. (b) This general license does not authorize any transactions otherwise prohibited by the VSR, including any transactions involving any person blocked pursuant to the VSR other than the blocked persons described in paragraph (a) of this general license, Government of Venezuela persons blocked solely pursuant to E.O. 13884, Banco Central de Venezuela, or Banco de Venezuela SA Banco Universal. Bradley T. Smith, *Director, Office of Foreign Assets Control.* Dated: October 18, 2023. Bradley T. Smith, Director, Office of Foreign Assets Control.


[FR Doc. 2023-24831 Filed 11-6-23; 4:15 pm] BILLING CODE 4810-AL-P