87 FR 197 pgs. 62007-62020 - Publication of Venezuela Sanctions Regulations Web General License 3 and Subsequent Iterations
Type: RULEVolume: 87Number: 197Pages: 62007 - 62020
Pages: 62007, 62008, 62009, 62010, 62011, 62012, 62013, 62014, 62015, 62016, 62017, 62018, 62019, 62020FR document: [FR Doc. 2022-22198 Filed 10-12-22; 8:45 am]
Agency: Treasury Department
Sub Agency: Foreign Assets Control Office
Official PDF Version: PDF Version
[top]
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Part 591
Publication of Venezuela Sanctions Regulations Web General License 3 and Subsequent Iterations
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 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 as GL 3H, which was also previously issued on OFAC's website.
DATES:
General License 3H was issued on May 12, 2020. See SUPPLEMENTARY INFORMATION of this document 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 Sanctions Compliance & Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
This document and additional information concerning OFAC are available on OFAC's website www.treasury.gov/ofac.
Background
On August 25, 2017, OFAC issued GL 3 to authorize certain transactions otherwise prohibited by Executive Order 13808 of August 24, 2017, "Imposing Additional Sanctions With Respect to the Situation in Venezuela" (82 FR 41155, August 29, 2017). At the time of issuance, OFAC made GL 3 available on its website ( www.treas.gov/ofac ). Subsequently, OFAC issued eight further iterations of GL 3, which extended the duration and modified the scope of the authorization: on January 28, 2019, OFAC issued GL 3A which superseded GL 3; on February 1, 2019, OFAC issued GL 3B, which superseded GL 3A; on February 11, 2019, OFAC issued GL 3C, which superseded GL 3B; on March 8, 2019, OFAC issued GL 3D, which superseded GL 3C; on April 17, 2019, OFAC issued GL 3E, which superseded GL 3D; on August 5, 2019, OFAC issued GL 3F, which superseded GL 3E; on October 1, 2019, OFAC issued GL 3G, which superseded GL 3F; and on May 12, 2020, OFAC issued GL 3H, which superseded GL 3G. Each GL was made available on OFAC's website when it was issued. On November 22, 2019, OFAC incorporated the prohibitions of Executive Order 13808, as well as of any other Executive orders issued pursuant to the national emergency declared in Executive Order 13692 of March 8, 2015, into the Venezuelan Sanctions Regulations, 31 CFR part 591. The text of these GLs is provided below.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
GENERAL LICENSE 3
Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a) Except as provided in paragraph (c) 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 that would be prohibited by Subsection l(a)(iii) of Executive Order of August 24, 2017, "Imposing Additional Sanctions with Respect to the Situation in Venezuela," are authorized.
(b) Except as provided in paragraph (c) 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 the effective date of Executive Order of August 24, 2017, and (ii) by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, are authorized.
(c) This general license does not authorize any transaction that is otherwise prohibited by Executive Order of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
Andrea Gacki,
Acting Director, Office of Foreign Assets Control
Dated: August 25, 2017
[top]
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3
The list below may also be found at this URL in standalone formats that are print-ready and spreadsheet-ready. https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ven_gl.aspx.
List of Venezuela-related Bonds Described in Paragraph (a) of General License 3, as of August 25, 2017:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0356521160 | EH2888749 | CA La Electricidad de Caracas | 8.5 | 4/10/2008 | 4/10/2018 |
| 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 |
| 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 |
| 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 |
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
| SE0005994167 | EK3410280 | Nynas AB | STIB3M +750.0 | 06/26/2014 | 06/26/2018 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
GENERAL LICENSE 3A
Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a) Except as provided in paragraph (c) 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 that would be prohibited by Subsection 1(a)(iii) of Executive Order 13808 of August 24, 2017, are authorized.
(b) Except as provided in paragraph (c) 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 Executive Order of August 24, 2017), and (ii) by U.S. person entities owned or controlled, directly or indirectly, by the Government of Venezuela, other than Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(c) This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(d) Effective January 28, 2019, General License No. 3, dated August 25, 2017, is replaced and superseded in its entirety by this General License No. 3A.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: January 28, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3A
List of Venezuela-related Bonds Described in Paragraph (a) of General License 3A, as of January 28, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0356521160 | EH2888749 | CA La Electricidad de Caracas | 8.5 | 4/10/2008 | 4/10/2018 |
| 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 |
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
GENERAL LICENSE 3B
Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
(a) Except as provided in paragraph (e) 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 that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-U.S. person.
(b) Except as provided in paragraph (e) of this general license, U.S. persons are authorized to engage in all transactions prohibited by Subsection 1(a)(iii) of E.O. 13808 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in the bonds specified in the Annex to this general license, provided such trades were placed prior to 4:00 p.m. eastern standard time on February 1, 2019.
(c) Except as provided in paragraph (e) of this general license, all transactions and activities prohibited by Section 1(a)(iii) of E.O. 13808 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, bonds specified in the Annex to this general license are authorized. This authorization is valid through 12:01 a.m. eastern standard time, March 3, 2019.
(d) Except as provided in paragraph (e) 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 Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e) This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(f) Effective February 1, 2019, General License No. 3A, dated January 28, 2019, is replaced and superseded in its entirety by this General License No. 3B.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: February 1, 2019
Annex-Venezuela-Related Bonds Described in Paragraphs (a), (b), and (c) of General License 3B
[top] List of Venezuela-Related Bonds Described in Paragraphs (a), (b), and (c) of General License 3B, as of February 1, 2019:
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
[top]
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
GENERAL LICENSE 3C
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 3C Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3C 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 Section 1(a)(iii) of E.O. 13808 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 3C Bonds are authorized. This authorization is valid through 12:01 a.m. eastern standard time, March 11, 2019.
(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 Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, bonds issued by the Government of Venezuela prior to August 25, 2017 (including the GL 3C Bonds), other than purchases of or investments in GL 3C Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3C Bonds.
(f) This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(g) Effective February 11, 2019, General License No. 3B, dated February 1, 2019, is replaced and superseded in its entirety by this General License No. 3C.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: February 11, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3C (GL 3C Bonds)
List of GL 3C Bonds, as of February 11, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
GENERAL LICENSE 3D
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 3D Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808 of August 24, 2017, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3D 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 Section 1(a)(iii) of E.O. 13808 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 3D Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, May 10, 2019.
(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 Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, bonds issued by the Government of Venezuela prior to August 25, 2017 (including the GL 3D Bonds), other than purchases of or investments in GL 3D Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3D Bonds.
(f) This general license does not authorize any transaction that is otherwise prohibited by Executive Order 13850 of November 1, 2018, Executive Order 13835 of May 21, 2018, Executive Order 13827 of March 19, 2018, Executive Order 13808 of August 24, 2017, Executive Order 13692 of March 8, 2015, or any part of 31 CFR chapter V.
(g) Effective March 8, 2019, General License No. 3C, dated February 11, 2019, is replaced and superseded in its entirety by this General License No. 3D.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: March 8, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3D (GL 3D Bonds)
List of GL 3D Bonds, as of March 8, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation in Venezuela
GENERAL LICENSE 3E
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 3E Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, as amended by E.O. 13857 of January 25, 2019 ("Taking Additional Steps to Address the National Emergency With Respect to Venezuela") (E.O. 13808), or by E.O. 13850, as amended by E.O. 13857 (E.O. 13850), are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3E 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 Section 1(a)(iii) of E.O. 13808 or by E.O. 13850 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 3E Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, September 30, 2019.
[top] (d) Except as provided in paragraph (f) of this general license, all transactions related to, the provision of financing for, and other dealings in
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3E Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, including Banco Central de Venezuela, Petróleos de Venezuela, S.A. (PdVSA), or any entities in which the Banco Central de Venezuela or PdVSA owns, directly or indirectly, a 50 percent or greater interest.
(2) U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3E Bonds, other than purchases of or investments in GL 3E Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3E Bonds.
(f) This general license does not authorize any transaction that is otherwise prohibited by E.O. 13850 of November 1, 2018, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808 of August 24, 2017, E.O. 13692 of March 8, 2015, each as amended by E.O. 13857, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than transactions involving Banco Central de Venezuela that are described in this general license.
(g) Effective April 17, 2019, General License No. 3D, dated March 8, 2019, is replaced and superseded in its entirety by this General License No. 3E.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: April 17, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3E (GL 3E Bonds)
List of GL 3E Bonds, as of April 17, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation in Venezuela
Executive Order of August 5, 2019
Blocking Property of the Government of Venezuela
GENERAL LICENSE 3F
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 3F Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by E.O. 13857 of January 25, 2019, or by E.O. of August 5, 2019, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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. of August 5, 2019 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3F 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 Section 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. of August 5, 2019 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 3F Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, September 30, 2019.
(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 Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding, Inc., and any of their subsidiaries, are authorized.
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3F Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, as amended, or E.O. of August 5, 2019.
(2) U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3F Bonds, other than purchases of or investments in GL 3F Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3F Bonds.
(f) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); or
(2) Any transaction that is otherwise prohibited by E.O. of August 5, 2019, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than the transactions involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license.
(g) Effective August 5, 2019, General License No. 3E, dated April 17, 2019, is replaced and superseded in its entirety by this General License No. 3F.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: August 5, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3F (GL 3F Bonds)
List of GL 3F Bonds, as of August 5, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13808 of August 24, 2017
Imposing Additional Sanctions With Respect to the Situation in Venezuela
Executive Order 13850 of November 1, 2018
Blocking Property of Additional Persons Contributing to the Situation in Venezuela
Executive Order 13884 of August 5, 2019
Blocking Property of the Government of Venezuela
GENERAL LICENSE 3G
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 3G Bonds) that would be prohibited by Subsection 1(a)(iii) of Executive Order (E.O.) 13808, or by E.O. 13850, each as amended by E.O. 13857 of January 25, 2019, or by E.O. 13884 of August 5, 2019, are authorized, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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 that are ordinarily incident and necessary to facilitating, clearing, and settling trades of holdings in GL 3G 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 Section 1(a)(iii) of E.O. 13808 or by E.O. 13850, each as amended, or by E.O. 13884 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 3G Bonds are authorized. This authorization is valid through 12:01 a.m. eastern daylight time, March 31, 2020.
[top] (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 Nynas AB, PDV Holding, Inc. (PDVH), CITGO Holding,
(e) Paragraph (a) of this general license does not authorize:
(1) U.S. persons to sell, or to facilitate the sale of, GL3G Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to E.O. 13850, as amended, or E.O. 13884.
(2) U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3G Bonds, other than purchases of or investments in GL 3G Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3G Bonds.
(f) This general license does not authorize:
(1) The unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized by paragraphs (a), (b), (c), and (d); or
(2) Any transaction that is otherwise prohibited by E.O. 13884, or E.O. 13850, E.O. 13835 of May 21, 2018, E.O. 13827 of March 19, 2018, E.O. 13808, or E.O. 13692 of March 8, 2015, each as amended, or any part of 31 CFR chapter V, or any transactions or dealings with any blocked person other than the transactions involving the Government of Venezuela, including Banco Central de Venezuela, that are described in this general license.
(g) Effective September 30, 2019, General License No. 3F, dated August 5, 2019, is replaced and superseded in its entirety by this General License No. 3G.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: October 1, 2019
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License 3G (GL 3G Bonds)
List of GL 3G Bonds, as of September 30, 2019:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR Part 591
GENERAL LICENSE NO. 3H
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 3H 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, provided that any divestment or transfer of, or facilitation of divestment or transfer of, any holdings in such bonds must be to a non-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 3H 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 3H 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:
(1) U.S. persons to sell, or to facilitate the sale of, GL 3H Bonds to, directly or indirectly, any person whose property and interests in property are blocked pursuant to the VSR; or
(2) U.S. persons to purchase or invest in, or to facilitate the purchase of or investment in, directly or indirectly, GL 3H Bonds, other than purchases of or investments in GL 3H Bonds that are ordinarily incident and necessary to the divestment or transfer of holdings in GL 3H Bonds.
(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 May 12, 2020, General License No. 3G, dated October 1, 2019, is replaced and superseded in its entirety by this General License No. 3H.
Andrea Gacki,
Director, Office of Foreign Assets Control
Dated: May 12, 2020
Annex-Venezuela-Related Bonds Described in Paragraph (a) of General License No. 3H (GL 3H Bonds)
List of GL 3H Bonds, as of May 12, 2020:
[top]
| ISIN | CUSIP | Issuer name | Cpn | Issue date | Maturity |
|---|---|---|---|---|---|
| XS0082274118 | EC0634765 | Pulp & Paper International Invts Ltd | 8.5 | 12/2/1997 | 12/2/2002 |
| XS0838835451 | EJ4041160 | Republic of Venezuela 11.75% Euro-Dollar Bonds 2026 Ltd/The | 11.75 | 10/3/2012 | 10/21/2026 |
| XS0504851535 | EI2372072 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 4/30/2010 | 10/13/2024 |
| XS0838864808 | EJ4040618 | Republic of Venezuela 8.25% Bonds 2024 Ltd/The | 8.25 | 10/3/2012 | 10/13/2024 |
| 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 | #N/A Field Not Applicable | 9/15/2027 |
| XS0081488644 | 922655CQ6 | Venezuela Global Strip | 0 | #N/A Field Not Applicable | 9/15/2027 |
| XS0029484788 | EF3043504 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484861 | EF3042142 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484515 | EF3043546 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029485322 | TT3352321 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| XS0029484945 | TT2005359 | Venezuela Government International Bond | 0 | 12/18/1990 | 4/15/2020 |
| US922646AS37 | 922646AS3 | Venezuela Government International Bond | 9.25 | 9/18/1997 | 9/15/2027 |
| US922646AT10 | 922646AT1 | Venezuela Government International Bond | 13.625 | 8/6/1998 | 8/15/2018 |
| USP9395PAA95 | EF5132735 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| US922646BE32 | 922646BE3 | Venezuela Government International Bond | 13.625 | 9/27/2001 | 8/15/2018 |
| USP97475AD26 | ED2379482 | Venezuela Government International Bond | 7 | 12/1/2003 | 12/1/2018 |
| US922646BL74 | 922646BL7 | Venezuela Government International Bond | 9.375 | 1/14/2004 | 1/13/2034 |
| XS0217249126 | ED8955574 | Venezuela Government International Bond | 7.65 | 4/21/2005 | 4/21/2025 |
| USP97475AG56 | EF1877168 | Venezuela Government International Bond | 6 | 12/9/2005 | 12/9/2020 |
| USP97475AJ95 | EH0305910 | Venezuela Government International Bond | 7 | 11/15/2007 | 3/31/2038 |
| USP17625AB33 | EH3345228 | Venezuela Government International Bond | 9.25 | 5/7/2008 | 5/7/2028 |
| USP17625AA59 | EH3344783 | Venezuela Government International Bond | 9 | 5/7/2008 | 5/7/2023 |
| USP97475AN08 | EH9901297 | Venezuela Government International Bond | 7.75 | 10/13/2009 | 10/13/2019 |
| USP97475AP55 | EH9901214 | Venezuela Government International Bond | 8.25 | 10/13/2009 | 10/13/2024 |
| USP17625AC16 | EI3500440 | Venezuela Government International Bond | 12.75 | 8/23/2010 | 8/23/2022 |
| USP17625AD98 | EI7507573 | Venezuela Government International Bond | 11.95 | 8/5/2011 | 8/5/2031 |
| USP17625AE71 | EI8410553 | Venezuela Government International Bond | 11.75 | 10/21/2011 | 10/21/2026 |
Andrea M. Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-22198 Filed 10-12-22; 8:45 am]
BILLING CODE 4810-AL-P