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OFAC’s Venezuela General License 30 gets an update

OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations 31 C.F.R. Part 591
GENERAL LICENSE NO. 30A
Authorizing Certain Transactions Necessary to Port and Airport Operations
(a) Except as provided in paragraph (c) of this general license, all transactions and activities involving the Government of Venezuela prohibited by Executive Order (E.O.) 13884 of August 5, 2019, as incorporated into the Venezuela Sanctions Regulations, 31 C.F.R. part 591 (the VSR), that are ordinarily incident and necessary to operations or use of ports and airports in Venezuela are authorized.
(b) Except as provided in paragraph (c) of this general license, all transactions and activities prohibited by E.O. 13850 of November 1, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the VSR, involving the Instituto Nacional de los Espacios Acuaticos (INEA), or any entity in which INEA owns, directly or indirectly, a 50 percent or greater interest, that are ordinarily incident and necessary to operations or use of ports and airports in Venezuela are authorized.
(c) This general license does not authorize:
(1) Any transactions or activities related to the exportation or reexportation of diluents, directly or indirectly, to Venezuela; or
(2) Any transactions or activities otherwise prohibited by the VSR, or any other part of 31 C.F.R. chapter V, or any transactions or activities with any blocked person other than INEA, or any entity in which INEA owns, directly or indirectly, a 50 percent or greater interest, or any Government of Venezuela person that is blocked solely pursuant to E.O. 13884.
(d) Effective February 2, 2021, General License No. 30, dated August 5, 2019, is replaced and superseded in its entirety by this General License No. 30A.
Note to General License No. 30A: Nothing in this general license relieves any exporter from compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security.

So, the part about INEA is new (which also reflects the change in title, which used to single out the Government of Venezuela). And the wording has been updated to incorporate that the Venezuela Sanctions Regulations now reflect the various Executive Orders that were spelled out explicitly in General License 30.

Links:

OFAC Notice

General License 30A

Categories: Licenses OFAC Updates Venezuela sanctions

eric9to5

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