General License 5 authorizes transactions in PdVSA’s 2020 8.5% bond – after a certain date. Version 5G pushes that date out to October 21st. And the relevant Frequently Asked Question (595) was updated to reflect the change. Links: OFAC Notice General License 5G FAQ 595
Link: General License
Yesterday afternoon, OFAC issued a new Venezuela-related General License 40, “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela”: Links: OFAC Notice General License 40
Link: OFSI Reasonableness in licensing blog post
Yep, the OFSI webinars page has licencing, licensing reporting, and how to complete licence application YouTube videos (but only till August 16th)…. Link: OFSI webinars page
Today, OFAC added the following persons: ASTREIKA, Alyaksandr Vyachaslavavich (Cyrillic: АСТРЭЙКА, Аляксандр Вячаслававiч) (a.k.a. ASTREIKA, Aliaksandr; a.k.a. ASTREIKA, Aliaksandr Viachaslavavich; a.k.a. ASTREIKO, Aleksandr (Cyrillic: АСТРЕЙКО, Александр); a.k.a. ASTREIKO, Aleksandr Vyacheslavovich (Cyrillic: АСТРЕЙКО, Александр Вячеславович); a.k.a. ASTREIKO, Alexander; a.k.a. ASTREIKO, Alexander Viacheslavovich), Minsk Oblast, Belarus; DOB 22 Dec 1971; POB Kapyl, […]
And there were a bunch of new Frequently Asked Questions (FAQs): Links: OFAC Notice Syria General License 21 Venezuela General License 39 Iran General License N New FAQs – 906, 907, 908, 909, 910, 911
The exemptions for Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford now expire December 1st. Links: OFAC Notice General License 8H
So, today’s designations to the SDN and NS-MBS Lists, General License, and FAQs are all related to PEESA – the Protecting Europe’s Energy Security Act. The General License is called PEESA General License 1, but there is no PEESA sanctions program (and OFAC web page). It appears under the Ukraine/Russia-related […]
So, a waiver isn’t how OFAC actually does things… they first make designations on the Non-SDN Menu-Based Sanctions List (NS-MBDS) under the PEESA sanctions program (Protecting Europe’s Energy Security Act) for the following entities: FEDERAL STATE BUDGETARY INSTITUTION MARINE RESCUE SERVICE (a.k.a. MORSPAS; a.k.a. MORSPASSLUZHBA; a.k.a. “MARINE RESCUE SERVICE” (Cyrillic: […]
