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Ofac general license 44
Ofac general license 44. m. 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. 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. S. 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. 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. GENERAL LICENSE NO. New General License No. ET on April 18, 2024 The purpose of this call is to share with you that later today, Treasury will announce that General License 44 will not be renewed, and we will instead issue General License 44A, 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. U. ET on April 18, 2024 The purpose of this call is to share with you that later today, Treasury will announce that General License 44 will not be renewed, and we will instead issue General License 44A,. OFAC also issued updated Frequently Asked Questions (FAQs). 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 In conjunction with the State press release, OFAC announced that GL 44 would not be renewed and issued an approximately 45-day wind-down license, GL 44A, to allow persons to wind down activity previously authorized under GL 44.
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