Ofac general license 44
Ofac general license 44. Apr 17, 2024 · Note to General License No. 8K, dated November 26, 2022, is replaced and superseded in its entirety by this General License No. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License 44, “Authorizing Transactions Related to Oil or Gas Sector Nov 7, 2023 · First and foremost, the relief associated with General License 44 is contingent on specific actions by the Venezuelan government. (PDVH), and CITGO Holding, Inc. R Part 560 (“ITSR”), to incorporate OFAC General License (“GL”) D-2 and the preexisting list of items deemed incident to communications that are authorized for export or reexport to Iran under GL Jul 19, 2018 · Venezuela Sanctions - Office of Foreign Assets Control Feb 2, 2021 · The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 30A, "Authorizing Certain Transactions Necessary to Port and Airport Operations. hereby confirms that on October 17, 2023 the Office of Foreign Assets Control (OFAC) of the Department of Treasury of the United States Government issued a license amendment to the Government of the Republic of Trinidad and Tobago (GORTT) based upon requests made by General License 44A Issued to Terminate Oil and Gas Operations in Venezuela By Tinoco Travieso Planchart & Nuñez General License 44A issued by the U. This action continues the U. %PDF-1. In addition, OFAC has published one new Frequently Asked Question and amended one Frequently Asked Question. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing nine general licenses (GLs) issued in the Venezuela Sanctions Regulations program: GLs 3, 3A, 3B, 3C, 3D, 3E, 3F, and 3G, each of which was previously issued on OFAC's website and is now expired, as well Nov 21, 2023 · OFAC also issued General License 45A to authorize certain transactions necessary to and exclusively for the repatriation of Venezuelan nationals from non-US jurisdiction in the Western Hemisphere to Venezuela, which involve Consorcio Venezolano de Industrias Aeronáuticas y Servicios Aéreos, SA (“Conviasa”) or entities in which Conviasa Oct 19, 2023 · License details. 13884, 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 of, or equity in . OFAC also amended FAQs 967, 1,039, and 1,040, with changes mostly relating to updates made within the GLs. 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. Government retains the right to revoke this General License if the Government of Venezuela does not comply with the Apr 23, 2024 · In that context, OFAC allowed GL 44 to expire and issued a limited, 45-day wind-down license (GL 44A) on April 17. Apr 18, 2024 · On October 15, 2023, the U. Apply for an OFAC License Online - Authorization from OFAC to engage in a transaction that otherwise would be prohibited. Transactions prohibited by E. 1, which was previously issued on OFAC's website on April 12, 2006. Department of the Treasury's Office of Foreign Assets Control (OFAC) on April 17, 2024, establishes a deadline until 12:01 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. 13884, as collectively incorporated into the Mar 14, 2019 · Washington – The U. ) 13224, as amended and have been added to the Specially Designated Nationals and Blocked Person List. Feb 20, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 83A, "Authorizing Certain Transactions Related to Imports of Certain Categories of Fish, Seafood, and Preparations Thereof Prohibited by Executive Order 14068. 44A. 41 May 2, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 30, "Authorizing Transactions Involving Gazprom Germania GmbH Prohibited by Directive 3 under Executive Order 14024. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44), which authorized certain transactions related to oil or gas sector operations in Venezuela, including transactions involving Petróleos de Venezuela S. " Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. General License 7A provides an 18-month authorization that renews automatically on a monthly basis, which will enable CITGO to maintain operations in markets that are based on long Dec 21, 2022 · OFAC, in consultation with the Department of State, is amending regulations in multiple OFAC-administered sanctions programs to generally license certain transactions of nongovernmental organizations (NGOs), as well as certain transactions related to the exportation or reexportation of agricultural commodities, medicine, medical devices Oct 26, 2021 · AGENCY: Office of Foreign Assets Control, Treasury. (a) of this general license, unless separately authorized. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities" and Venezuela-related General License 41, "Authorizing Feb 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 89, "Authorizing the Wind Down and Rejection of Transactions Involving Certain Financial Institutions Blocked on February 23, 2024;" Russia Apr 25, 2024 · Highlights. GL 44A supersedes GL 44 and authorizes transactions "ordinarily incident and necessary" to the wind down of activities related to oil and gas sector operations in Venezuela that were previously authorized under GL 44 until May 31, 2024. " Revocation of Non-Proliferation General License No. 44 authorizes transactions involving PDVSA or any entity in which it owns, directly or indirectly, a 50% or more interest, according to an Oct. OFAC also issued a new fact sheet on “Russia Sanctions Jan 17, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C "Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease 2019 (COVID-19) Pandemic, or Clinical Trials", Russia-related General License 54A "Authorizing Certain Transactions Sep 12, 2019 · On 18 October 2023 OFAC issued several General Licenses, authorizing certain transactions otherwise prohibited by the US Venezuela sanctions program, including General License 44 which on a temporary basis (until 18 April 2024) authorised transactions that are related to oil and gas sector operations in Venezuela, including necessary Oct 18, 2023 · GENERAL LICENSE NO. These developments occurred in the context of efforts by creditors to enforce judgments Jan 19, 2021 · Today, on January 19th, the U. 44 authorizes, for a period of six months, all transactions “related to oil and gas sector operations in Venezuela” that would otherwise be prohibited under OFAC’s Venezuela-related sanctions program. ) 13808 or by E. Issued on October 18, 2023 3. 44 (“GL 44”) Authorizing Transactions Relating to Oil or Gas Sector Operations in Venezuela, which will only be renewed if Apr 15, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5O "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S. General License 44 authorizes all transactions related to the oil and gas industry that were previously prohibited by the Venezuelan Sanctions Regulations, including those involving PdVSA and any entities in which PdVSA owns a 50-percent or greater interest in. 44 (GL 44) authorizes all transactions prohibited by the VSR, including transactions involving PDVSA or any entity in which PDVSA owns, directly or indirectly, a 50 percent or greater interest (PDVSA Entities), that are related to oil or gas sector operations in Venezuela through 12:01 a. e. 14068, and E. May 1, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 42, "Authorizing Certain Transactions Related to the Negotiation of Certain Settlement Agreements with the IV Venezuelan National Assembly and Certain Other Persons. Feb 2, 2024 · authority other than the VSR are not authorized pursuant to GL 44. 41, whichever is later. O. Oct 27, 2023 · On October 18, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) implemented limited sanctions relief under the Venezuela Sanctions Regulations (the “VSR”) to the Government of Venezuela (the “GOV”) and certain sectors of the Venezuelan economy in response to the signing of an electoral roadmap agreement between GOV representatives and Nov 8, 2023 · 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. foreign policy and national security priorities. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued two general licenses (GLs) to support the continued flow of humanitarian assistance to the people of Afghanistan and other activities that support basic human needs in Afghanistan. Eastern on May 31, 2024, to engage Apr 17, 2024 · (Energy Analytics Institute, 17. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, “PdVSA Jan 11, 2023 · Publication of Venezuela Sanctions Regulations Web General licenses allow all US persons to engage in the activity described in the general license without needing to apply for a specific license. Authorizing Certain Transactions Related to the . S. Bradley T. 13857, or by E. Oct 24, 2023 · The newly issued licenses include GL 44, which broadly authorizes transactions in the Venezuelan oil and gas sector that involve a U. Iran General License (No. ACTION: Publication of web general licenses. persons to engage in all transactions prohibited by subsection 1(a)(iii) of Executive Order (E. 13850, each as amended by E. Feb 10, 2023 · WASHINGTON – Today, Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 23, which authorizes for 180 days all transactions related to earthquake relief that would be otherwise prohibited by the Syrian Sanctions Regulations (SySR). 532(a)(4) of the Iranian Transactions and Sanctions Regulations (ITSR) authorizes me to accept a letter of credit issued by an Iranian financial institution whose property and interests in property are blocked solely pursuant to the ITSR (i. 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: GLs 8K and 41, each of which was previously made available on OFAC's website. " Filter by Category All Recent Actions May 2, 2024 · (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. General License 43 authorizes dealings with Minerven, the Venezuelan state-owned gold mining company, for six months. General License No. eastern daylight time, April 18, 2024, all transactions related to Dec 5, 2023 · The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela. General licenses constitute blanket authorization for those transactions set forth in the relevant regulation and are self-selecting and self-executing. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities," and Venezuela-related General License 45A, "Authorizing Nov 6, 2023 · On October 18, 2023, the Office of Foreign Assets Control (“OFAC”) issued six general licenses (“GLs”) authorizing certain business activity in Venezuela following a political agreement between the Maduro regime and the Unitary Platform, a coalition of opposition groups, regarding the 2024 Venezuelan election. jurisdictions in May 23, 2023 · blocked persons identified in paragraphs (a) and (b) of this general license. " Apr 29, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8I "Authorizing Transactions Related to Energy. " Nov 28, 2022 · OFAC reports that this general license was issued in response to an announcement by the Unitary Platform and Maduro regime regarding the resumption of talks in Mexico City regarding the 2024 elections and a humanitarian agreement, which focuses on education, health, food security, and other service programs that will benefit the Venezuelan people. property-blocking sanctions, new General License (“GL”) 44 authorizes until 12:01 a. Guidance on OFAC Licensing Nov 26, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8K, "Authorizing Transactions Involving Petróleos de Venezuela, S. Filter by Category. Apr 18, 2024 · On October 15, 2023, following an accord with the Maduro regime in Venezuela, the U. 14066, E. The type of transactions specifically Sep 15, 2022 · OFAC License Application Page; Additional OFAC Resources; Frequently Asked Questions; (OFAC) is issuing Russia-related General License 52. Smith _____ Bradley T. k. Oct 18, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 3I, General License 5M, General License 9H, General License 43, General License 44 and General License 45. In addition, OFAC has published new Frequently Asked Questions and updated several Frequently Asked Questions. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License 44, “Authorizing Transactions Related to Oil or Gas Sector Operations in Venezuela,” which temporarily authorized transactions related to oil and gas sector operations, including transactions involving PdVSA. government intend to renew Apr 17, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 44A, "Authorizing the Wind Down of Transactions Related to Oil or Gas Sector Operations in Venezuela. _____ Andrea M. Oct 18, 2023 · GENERAL LICENSE NO. (e) Effective May 23, 2023, General License No. Jul 7, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-Related General License 40A, "Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela. Oct 24, 2023 · With limited exceptions, new General License No. A. As with any general or specific license, OFAC is prepared to revoke this authorization if appropriate to support U. nexus, and General License ("GL") 43, which authorizes certain transactions related to the gold sector. eastern standard time, February 13, Jun 12, 2024 · Note 1 to General License No. 13884, 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 of, or equity in Apr 25, 2024 · Highlights. government’s interest to authorize particular economic activity related to the Ukraine-/Russia-related Sanctions. ET on April 18, 2024 Venezuela-Related Sanctions | Office of Foreign Assets Control Jul 14, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6B, General License 25C, General License 30A, General License 44 , and is publishing three amended Russia-related Frequently Asked Questions. Nothing in this general license relieves any person from compliance with any other Federal laws or requirements of other Federal agencies, including Nov 10, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8D, "Authorizing Transactions Related to Energy. 8L. This includes a six-month General License No. 45 Authorizing Certain Repatriation Transactions Involving Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S. " Filter by Category All Recent Actions Oct 21, 2023 · Although General License No. ACTION: Publication of Web General Licenses. May 12, 2020 · General License 3I (GL 3I) authorizes U. Department of State designated Ansarallah as a Foreign Terrorist Organization under section 219 of the Immigration and Nationality Act, as amended, and as a Specially Designated Global Terrorist under Executive Order (E. OFAC’s General License No. " Additionally, OFAC has updated its Specially Designated Nationals and Blocked Persons List: Dec 15, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8E,"Authorizing Transactions Related to Energy," General License 58, "Authorizing the Wind Down and Rejection of Transactions Involving Public Joint Stock Company Rosbank," and General License 59, "Authorizing Transactions Related to Debt or Equity of, or Derivative Contracts Feb 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 88A, "Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024;" Russia-related General License 91A, "Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels;" Russia-related General License 92 Mar 2, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 9A, General License 10A, General License 13, and General License 14. OFAC is also publishing two new Frequently Asked Questions and two amended Frequently Asked Questions. Persons engaging in transactions pursuant to general or specific licenses must make sure that all conditions of the licenses are strictly observed. 6D. " Apr 22, 2024 · OFAC General License 44A. Jan 13, 2023 · AGENCY: Office of Foreign Assets Control, Treasury. Oct 13, 2022 · AGENCY: Office of Foreign Assets Control, Treasury. J-1) - Authorizing the Reexportation of Certain Civil Aircraft to Iran on Temporary Sojourn and Related Transactions (Amended 12/15/2016) Apr 19, 2024 · The U. 7 - Revocation of General License No. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing nine Venezuela web general licenses (GLs) in the Federal Register: GL 8, GL 8A, GL 8B, GL 8C, GL 8D, GL 8E, GL 8F, and GL 8G, each of which is now expired and was previously issued on OFAC's website, as Sep 24, 2021 · WASHINGTON — Today, the U. 14071 include new investment in the Russian Federation and the importation into the United States of certain products of Russian Federation origin, such as alcoholic beverages and fish, seafood, or preparations thereof. Provisions of General License 44A. 5 Percent Bond on or After April 16, 2024. The U. 5 Percent Bond on or After August 13, 2024 (a) Except as provided in paragraph (b) of this general license, on or after August 13, 2024, all transactions related to, the provision of financing for, and other dealings in the Jun 16, 2016 · A specific license is a written document issued by OFAC to a particular person or entity, authorizing a particular transaction in response to a written license application. Apr. Apr 22, 2024 · On 17 April 2024, the US took action to withdraw General License 44 and replace it with a wind-down license General License 44A. , an Iranian financial institution that is not listed on OFAC’s Jul 30, 2015 · It may be in your and the U. The license allows for the following: Jul 19, 2022 · On July 14, 2022, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) reissued three Russia-related General Licenses (“GLs”) and issued one new one. Shere, a. 5O . Apr 19, 2024 · U. Young, M. (PDVSA). 44 does not specify any conditions, OFAC’s document Frequently Asked Questions Related to the Suspension of Certain U. Part 544, which authorized certain transactions related to the arrest, detention, and judicial sale of the MV Amina (f. Jan 30, 2024 · In support of the Barbados Agreement, the United States issued General License 44, which provides relief to Venezuela’s oil and gas sector. " Sep 10, 2002 · The general license at section 560. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44), which Apr 15, 2024 · GENERAL LICENSE NO. " Oct 25, 2023 · The newly issued licenses include GL 44, which broadly authorizes transactions in the Venezuelan oil and gas sector that involve a U. ET on May 31, 2024, and authorizes the wind down of activities that were previously authorized under GL 44 within that time frame, including but not limited to: Russia-related General License 44 - Authorizing the Export or Reexport of Certain Accounting Services to U. 5N Authorizing Certain Transactions Related to the Petróleos de Venezuela, S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today extended the expiration date of a general license related to PDV Holding, Inc. In addition, the following name has been updated on OFAC's list of Specially Designated Nationals: Jan 16, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5N "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S. " May 10, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela General License 8N, "Authorizing Transactions Involving Petróleos de Venezuela, S. “Our deepest condolences go out to the people of Türkiye and Syria for the tragic loss of life and destruction in the wake of May 12, 2020 · General License (GL) 9H authorizes U. 5 Percent Bond on or After April 16, 2024 (a) Except as provided in paragraph (b) of this general license, on or after April 16, 2024, all transactions related to, the provision of financing for, and other dealings in the Petróleos de Aug 3, 2022 · AGENCY: Office of Foreign Assets Control, Treasury. 6D Jun 12, 2024 · On June 12, 2024, OFAC issued Russia-related general licenses (GLs) GL 99, GL 100, and amended GL 8J, authorizing certain transactions involving MOEX, NCC, NSD, or any entity in which one of these entities owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest (collectively, “the Blocked Entities”). Visit the link below to apply for an OFAC license. From 17 April 2024, the authorisations that had been provided under GL 44 to transact in Venezuela’s oil and gas sectors including with PdVSA have been withdrawn. Jan 16, 2024 · 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 Apr 26, 2024 · Broad authorizations permitting dealings in Venezuela’s oil and gas sector came to an end on April 17, 2024, when the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) terminated General License 44 (“GL 44”) and replaced it with General License 44A (“GL 44A”). R. , and entities owned 50% or more, directly or indirectly, by it (collectively “PdVSA”) remain subject to U. Individuals Located in the Russian Federation (July 14, 2022) Russia-related General License 46 - Authorizing Transactions in Support of an Auction Process to Settle Certain Credit Derivative Transactions Prohibited by Executive Order Nov 16, 2023 · (e) Effective November 16, 2023, General License No. 44 contains a non-exhaustive list of authorized transactions, including: Notwithstanding the existence of any general license issued under this part, or issued under any Executive order issued pursuant to the national emergency declared in E. 18 OFAC statement. Treasury Department Office of Foreign Assets Control (OFAC) issued General License 44A to authorize certain transactions related to oil or gas sector operations in Venezuela. 2024) — The U. GL 44A is effective through 12:01 a. Apr 17, 2024 · Therefore, General License 44, which authorizes transactions related to oil or gas sector operations in Venezuela, will expire at 12:01 AM on April 18. persons to engage in all transactions related to, the provision of financing for, and other dealings in the bonds specified in the Annex to GL 3I (GL 3I Bonds) that would be prohibited by subsection 1(a)(iii) of Executive Order (E. SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 45 and GL 46, each of which was previously issued on OFAC's website. 2020 8. " Apr 17, 2024 · The Ministry of Energy and Energy Industries wishes to advise that this amendment to the OFAC General Licence 44 does not affect the Specific Amended OFAC licence that was issued to the Government of the Republic of Trinidad and Tobago on October 17, 2023, which authorized the Government of Trinidad and Tobago, the National Gas Company of Nov 16, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 8M, "Authorizing Transactions Involving Petróleos de Venezuela, S. Gacki Director Office of Foreign Assets Control Dated: May 23, 2023 Nov 2, 2023 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13G, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024"; Russia-related General License 74, "Authorizing the Wind Down and Rejection of Transactions Involving East-West United Bank"; Russia-related General License 75 Jun 17, 2024 · On May 16, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published a final rule amending the Iranian Transactions and Sanctions Regulations, 31 C. government’s longstanding practice of authorizing the provision of May 5, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 7A, General License 26A, General License 31, and General License 32. Aug 17, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing six general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 6, 6A, 6B, 25C, 30A, and 44, each of which was previously made available on OFAC's website. (c) This authorization automatically renews on the first day of each month and is valid for a period of six months from the effective date of General License No. 45A. To the extent that your proposed travel falls within the scope of an existing general license, you may proceed without applying for a specific license from OFAC. Following this announcement and consistent Jul 22, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 45 and General License 46. P. When does General License (GL) 44 expire? Does the U. GL 43 was replaced with GL 43A to allow US Persons, through 12:01 a. 45, dated October 18, 2023, is replaced and superseded in its entirety by this General License No. F. Mar 24, 2022 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6A, General License 17A, General License 20, and Ukraine-/Russia-related General License 25. m. GL 44A only authorizes certain Apr 22, 2024 · On April 17, 2024, the US Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) issued General License 44A (“GL 44A”), authorizing the wind down by 12:01 am EDT on May 31, 2024 of transactions that were previously authorized under GL 44. OFAC noted this general license would reduce the black market in Venezuelan gold. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities. 42 (“GL 42“) under the Venezuela Sanctions Regulations (“VSR“), three new Venezuela-related Frequently Asked Questions (“FAQs“), and also amended one Venezuela-related FAQ. Aug 2, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 99A - "Authorizing the Wind Down of Transactions and Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, MOEX, NCC, or NSD;" and Russia-related General License 100A - "Authorizing Certain Transactions Related to Debt or Equity or the Conversion of Feb 21, 2024 · On January 29, 2024, the US Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) revoked General License 43 (“GL 43”), which authorized certain transactions involving CVG Compania General de Mineria de Venezuela CA (“Minerven”). Nov 26, 2022 · WASHINGTON — On November 26th, the Unitary Platform and the Maduro regime announced the resumption of talks in Mexico City; a humanitarian agreement focused on education, health, food security, flood response, and electricity programs that will benefit the Venezuelan people; and agreement on the continuation of talks focused on the 2024 elections. The aforementioned web general licenses in parts 525, 591, 594, and 597 will be removed from OFAC's Oct 20, 2023 · Along with these new authorizations, OFAC took the ministerial step of issuing amended General License 5M to continue to prevent holders of a particular PdVSA bond to enforce rights against collateral without further authorization from OFAC, and issued new General License 45 to permit transactions with Venezuela’s sanctioned state airline in connection with the repatriation of Venezuelan May 17, 2023 · On May 1, 2023, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC“) issued General License No. Absent progress between Maduro and his representatives and the opposition Unitary Platform, particularly on allowing all presidential candidates to compete in this year’s election, the United States Jul 10, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 13J, "Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024. 6 %âãÏÓ 25 0 obj > endobj 42 0 obj >/Filter/FlateDecode/ID[38FB02EA53311742AC68B521F57E7756>]/Index[25 45]/Info 24 0 R/Length 93/Prev 165548/Root 26 0 R Oct 23, 2023 · General License 44 – Oil and Gas Industry. Oct 20, 2023 · New General License No. Smith Director Office of Foreign Assets Control Dated: April 17, 2024 Oct 18, 2023 · General License (GL) 9H authorizes U. nexus, and General License (“GL”) 43, which authorizes Oct 23, 2023 · Although the state oil company of Venezuela, Petróleos de Venezuela, S. Note to General License 45A. 7 pursuant to the Weapons of Mass Destruction Proliferators Sanctions Regulations, 31 C. In addition, OFAC has updated two Frequently Asked Questions. a. 5 Percent Bond on or After August 13, 2024. Office of Foreign Assets Control (OFAC) issued General License 44A, which supersedes and replaces General License 44, and authorizes the wind down of transactions related to oil or gas sector operations in Venezuela. Within a few days of the publication of General License 44, concerns have already manifested over the Venezuelan government’s willingness and/or capability to comply. Iran Tabas, IMO No Nov 17, 2023 · OFAC issued FAQ 1136 and amended FAQ 661 and FAQ 662 to reflect the amendments to secondary trading permissions in General License 3I and 9H. The license expires on April 18, 2024. 13692, the entry into a settlement agreement or the enforcement of any lien, judgment, arbitral award, decree, or other order through execution, garnishment, or other Dec 21, 2022 · OFAC is also adding this general license to 31 CFR parts 594 and 597, incorporating and expanding into both parts the authorization found in Counter Terrorism General License No. Sanctions with Respect to Venezuela on October 18, 2023, states that the U. 41 or the date of any subsequent renewal of General License No. Petróleos de Venezuela, S. Note 2 to General License No. kthihtu mdiphf efb pyi vhwnhmz aawjke qyp focqv vyim tre