[Federal Register Volume 88, Number 215 (Wednesday, November 8, 2023)]
[Rules and Regulations]
[Pages 76991-76994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24831]


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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 3I, 5M, 9H, 43, 44, and 45

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of Web General Licenses.

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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:

[[Page 76992]]



--------------------------------------------------------------------------------------------------------------------------------------------------------
                 ISIN                             CUSIP                      Issuer name                 Cpn             Issue date          Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0082274118.........................  EC0634765..................  Pulp & Paper International                8.5  12/2/1997............       12/2/2002
                                                                     Invts Ltd.
XS0838835451.........................  EJ4041160..................  Republic of Venezuela 11.75%            11.75  10/3/2012............      10/21/2026
                                                                     Euro-Dollar Bonds 2026 Ltd/
                                                                     The.
XS0504851535.........................  EI2372072..................  Republic of Venezuela 8.25%              8.25  4/30/2010............      10/13/2024
                                                                     Bonds 2024 Ltd/The.
XS0838864808.........................  EJ4040618..................  Republic of Venezuela 8.25%              8.25  10/3/2012............      10/13/2024
                                                                     Bonds 2024 Ltd/The.
USN7992HAA07.........................  EF3856640..................  Sidetur Finance BV...........              10  5/3/2006.............       4/20/2016
US825870AA62.........................  825870AA6..................  Sidetur Finance BV...........              10  5/3/2006.............       4/20/2016
XS0081483090.........................  922655BR5..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2017
XS0081484817.........................  GG7366808..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2021
XS0081487166.........................  922655CJ2..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2026
XS0081483843.........................  922655BV6..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2019
XS0081483504.........................  922655BU8..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2019
XS0081486861.........................  922655CH6..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2025
XS0081484064.........................  922655BW4..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2020
XS0081483413.........................  922655BT1..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2018
XS0081487240.........................  922655CK9..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2026
XS0081486515.........................  922655CG8..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2025
XS0081484908.........................  922655CA1..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2022
XS0081485202.........................  922655CB9..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2022
XS0081485467.........................  922655CD5..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2023
XS0081483330.........................  922655BS3..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2018
XS0081486192.........................  922655CF0..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2024
XS0081484221.........................  922655BX2..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2020
XS0081485541.........................  922655CE3..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2024
XS0081484650.........................  922655BY0..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2021
XS0081485384.........................  922655CC7..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2023
XS0081487679.........................  922655CL7..................  Venezuela Global Strip.......               0  9/18/1997............       3/15/2027
XS0081469008.........................  922655CS2..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2027
XS0081487836.........................  922655CM5..................  Venezuela Global Strip.......               0  9/18/1997............       9/15/2027
XS0081469859.........................  922655CR4..................  Venezuela Global Strip.......               0  (*)..................       9/15/2027
XS0081488644.........................  922655CQ6..................  Venezuela Global Strip.......               0  (*)..................       9/15/2027
XS0029484788.........................  EF3043504..................  Venezuela Government                        0  12/18/1990...........       4/15/2020
                                                                     International Bond.
XS0029484861.........................  EF3042142..................  Venezuela Government                        0  12/18/1990...........       4/15/2020
                                                                     International Bond.
XS0029484515.........................  EF3043546..................  Venezuela Government                        0  12/18/1990...........       4/15/2020
                                                                     International Bond.
XS0029485322.........................  TT3352321..................  Venezuela Government                        0  12/18/1990...........       4/15/2020
                                                                     International Bond.
XS0029484945.........................  TT2005359..................  Venezuela Government                        0  12/18/1990...........       4/15/2020
                                                                     International Bond.
US922646AS37.........................  922646AS3..................  Venezuela Government                     9.25  9/18/1997............       9/15/2027
                                                                     International Bond.
US922646AT10.........................  922646AT1..................  Venezuela Government                   13.625  8/6/1998.............       8/15/2018
                                                                     International Bond.
USP9395PAA95.........................  EF5132735..................  Venezuela Government                   13.625  9/27/2001............       8/15/2018
                                                                     International Bond.
US922646BE32.........................  922646BE3..................  Venezuela Government                   13.625  9/27/2001............       8/15/2018
                                                                     International Bond.
USP97475AD26.........................  ED2379482..................  Venezuela Government                        7  12/1/2003............       12/1/2018
                                                                     International Bond.
US922646BL74.........................  922646BL7..................  Venezuela Government                    9.375  1/14/2004............       1/13/2034
                                                                     International Bond.
XS0217249126.........................  ED8955574..................  Venezuela Government                     7.65  4/21/2005............       4/21/2025
                                                                     International Bond.
USP97475AG56.........................  EF1877168..................  Venezuela Government                        6  12/9/2005............       12/9/2020
                                                                     International Bond.
USP97475AJ95.........................  EH0305910..................  Venezuela Government                        7  11/15/2007...........       3/31/2038
                                                                     International Bond.
USP17625AB33.........................  EH3345228..................  Venezuela Government                     9.25  5/7/2008.............        5/7/2028
                                                                     International Bond.
USP17625AA59.........................  EH3344783..................  Venezuela Government                        9  5/7/2008.............        5/7/2023
                                                                     International Bond.
USP97475AN08.........................  EH9901297..................  Venezuela Government                     7.75  10/13/2009...........      10/13/2019
                                                                     International Bond.
USP97475AP55.........................  EH9901214..................  Venezuela Government                     8.25  10/13/2009...........      10/13/2024
                                                                     International Bond.
USP17625AC16.........................  EI3500440..................  Venezuela Government                    12.75  8/23/2010............       8/23/2022
                                                                     International Bond.
USP17625AD98.........................  EI7507573..................  Venezuela Government                    11.95  8/5/2011.............        8/5/2031
                                                                     International Bond.
USP17625AE71.........................  EI8410553..................  Venezuela Government                    11.75  10/21/2011...........      10/21/2026
                                                                     International Bond.
--------------------------------------------------------------------------------------------------------------------------------------------------------
# N/A Field Not Applicable.


[[Page 76993]]

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations

31 CFR Part 591

GENERAL LICENSE NO. 5M

Authorizing Certain Transactions Related to the Petr[oacute]leos 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 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 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, 
Petr[oacute]leos 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:
    <bullet> PDV Holdings, Inc.
    <bullet> 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       Maturity
--------------------------------------------------------------------------------------------------------------------------------------------------------
XS0294364954............................  EG3110533....................  Petroleos de Venezuela SA......           5.375       4/12/2007       4/12/2027
XS0294367205............................  EG3110772....................  Petroleos de Venezuela SA......             5.5       4/12/2007       4/12/2037
USP7807HAK16............................  EI4173619....................  Petroleos de Venezuela SA......             8.5      10/29/2010       11/2/2017
US716558AB79............................  716558AB7....................  Petroleos de Venezuela SA......             8.5      10/29/2010       11/2/2017
US716558AC52............................  716558AC5....................  Petroleos de Venezuela SA......           12.75       2/17/2011       2/17/2022
USP7807HAM71............................  EI5787318....................  Petroleos de Venezuela SA......           12.75       2/17/2011       2/17/2022
US716558AD36............................  716558AD3....................  Petroleos de Venezuela SA......               9      11/17/2011      11/17/2021
USP7807HAP03............................  EI8799468....................  Petroleos de Venezuela SA......               9      11/17/2011      11/17/2021
USP7807HAQ85............................  EJ1968233....................  Petroleos de Venezuela SA......            9.75       5/17/2012       5/17/2035
US716558AE19............................  716558AE1....................  Petroleos de Venezuela SA......            9.75       5/17/2012       5/17/2035
USP7807HAR68............................  EJ9776299....................  Petroleos de Venezuela SA......               6      11/15/2013      11/15/2026
US716558AF83............................  716558AF8....................  Petroleos de Venezuela SA......               6      11/15/2013      11/15/2026
USP7807HAT25............................  EK2909308....................  Petroleos de Venezuela SA......               6       5/16/2014       5/16/2024

[[Page 76994]]

 
US716558AG66............................  716558AG6....................  Petroleos de Venezuela SA......               6       5/16/2014       5/16/2024
XS1126891685............................  JV9618804....................  Petroleos de Venezuela SA......               6      10/28/2014      10/28/2022
USP7807HAV70............................  QZ9940003....................  Petroleos de Venezuela SA......             8.5      10/28/2016      10/27/2020
US716558AH40............................  716558AH4....................  Petroleos de Venezuela SA......             8.5      10/28/2016      10/27/2020
USG70415AC18............................  DD0110070....................  Petrozuata Finance Inc.........            8.37       6/27/1997       10/1/2022
US71676QAE61............................  71676QAE6....................  Petrozuata Finance Inc.........            8.37       6/27/1997       10/1/2022
USG2025MAB75............................  CP5100153....................  Cerro Negro Finance Ltd........             7.9       6/18/1998       12/1/2020
US156877AC63............................  156877AC6....................  Cerro Negro Finance Ltd........            8.03       6/18/1998        6/1/2028
USG2025MAC58............................  CP5100211....................  Cerro Negro Finance Ltd........            8.03       6/18/1998        6/1/2028
US156877AB80............................  156877AB8....................  Cerro Negro Finance Ltd........             7.9       6/18/1998       12/1/2020
XS0356521160............................  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 
Petr[oacute]leos 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; [middot]
    (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 Aeron[aacute]uticas y Servicios A[eacute]reos, 
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 
Aeron[aacute]uticas y Servicios A[eacute]reos, 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