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lotter on DSK11XQN23PROD with RULES1

Federal Register / Vol. 86, No. 200 / Wednesday, October 20, 2021 / Rules and Regulations Situation in Venezuela 80 FR 12747, March 11, 2015. In E.O. 13692, the President found that the situation in Venezuela, including the Government of Venezuelas erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses in response to antigovernment protests, and arbitrary arrest and detention of antigovernment protestors, as well as the exacerbating presence of significant public corruption, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States, and declared a national emergency to deal with that threat.
The President issued six additional E.O.s pursuant to the national emergency declared in E.O. 13692: E.O.
13808 of August 24, 2017, Imposing Additional Sanctions With Respect to the Situation in Venezuela 82 FR
41155, August 29, 2017; E.O. 13827 of March 19, 2018, Taking Additional Steps to Address the Situation in Venezuela 83 FR 12469, March 21, 2018; E.O. 13835 of May 21, 2018, Prohibiting Certain Additional Transactions With Respect to Venezuela 83 FR 24001, May 24, 2018; E.O. 13850 of November 1, 2018, Blocking Property of Additional Persons Contributing to the Situation in Venezuela 83 FR 55243, November 2, 2018; E.O. 13857 of January 25, 2019, Taking Additional Steps To Address the National Emergency With Respect to Venezuela 84 FR 509, January 30, 2019; and E.O. 13884 of August 5, 2019, Blocking Property of the Government of Venezuela 84 FR
38843, August 7, 2019.
OFAC, in consultation with the Department of State, issued GL 7 on January 28, 2019, pursuant to E.O.
13850, as amended. Paragraph a of GL
7 authorized certain transactions and activities with respect to PDV Holding, Inc. PDVH, CITGO Holding, Inc., and any of their subsidiaries. Paragraph b of GL 7 authorized PDVH, CITGO
Holding, Inc., and any of their subsidiaries to engage in certain transactions and activities ordinarily incident and necessary to the purchase and importation of petroleum and petroleum products from PdVSA and any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest. Subsequently, OFAC
issued three further iterations of GL 7, which extended the authorization, and in later iterations, modified the scope of the authorization, and incorporated additional Executive orders.

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The authorization found in paragraph a of GL 7 was valid through 12:01 a.m.
eastern daylight time, July 27, 2019. The authorization found in paragraph a in each of GLs 7A, 7B, and 7C
automatically renews on the first day of each month and is valid for a period of 18 months from the effective date of the respective GL or the date of any subsequent renewal of the respective GL, whichever is later. As such, the authorization found in paragraph a of GL 7C remains effective until it is revoked by OFAC or until GL 7C is superseded by a subsequent renewal.
The authorization found in paragraph b in each of GLs 7, 7A, 7B, and 7C
expired on April 28, 2019.
On March 14, 2019, OFAC issued GL
7A, which replaced and superseded GL
7; on June 6, 2019, OFAC issued GL 7B, which replaced and superseded GL 7A;
and on August 5, 2019, OFAC issued GL
7C, which replaced and superseded GL
7B. The texts of the following four Venezuela GLs are provided below: GLs 7, 7A, 7B, and 7C.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018Blocking Property of Additional Persons Contributing to the Situation in Venezuela GENERAL LICENSE NO. 7
Authorizing Certain Activities Involving PDV
Holding, Inc. and CITGO Holding, Inc.
a Except as provided in paragraphs c and d of this general license, all transactions and activities prohibited by Executive Order 13850 with respect to PDV
Holding, Inc. PDVH, CITGO Holding, Inc., and any of their subsidiaries are authorized, where the only Petroleos de Venezuela, S.A.
PdVSA entities involved are PDVH, CITGO
Holding, Inc., or any of their subsidiaries.
This authorization is valid through 12:01
a.m. eastern daylight time, July 27, 2019.
b Except as provided in paragraphs c and d of this general license, PDVH, CITGO
Holding, Inc., and any of their subsidiaries are authorized to engage in all transactions and activities prohibited by Executive Order 13850 that are ordinarily incident and necessary to the purchase and importation of petroleum and petroleum products from PdVSA and any entity in which PdVSA
owns, directly or indirectly, a 50 percent or greater interest. This authorization is valid through 12:01 a.m. eastern daylight time, April 28, 2019.
c Any payment to or for the direct or indirect benefit of a blocked person other than PDVH, CITGO Holding, Inc., and any of their subsidiaries that is ordinarily incident and necessary to give effect to transactions authorized in paragraphs a or b of this general license must be made into a blocked, interest-bearing account located in the United States in accordance with 31 CFR
591.203.
d This general license does not authorize:

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1 Any exportation or reexportation of any goods, services, or technology, directly or indirectly, by U.S. persons, wherever located, or from the United States, to PdVSA or any entity owned 50 percent or more, directly or indirectly, by PdVSA, other than PDVH, CITGO Holding, Inc., or any of their subsidiaries, or to any other blocked persons;
2 Any transaction that is otherwise prohibited under 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, or any transactions or dealings with any blocked person other than the transactions described in paragraphs a and b of this general license; or 3 The unblocking of any property blocked pursuant to any part of 31 CFR chapter V, except as authorized by paragraphs a or b.
Dated: January 28, 2019.
Andrea Gacki, Director, Office of Foreign Assets Control.
OFFICE OF FOREIGN ASSETS CONTROL
Executive Order 13850 of November 1, 2018Blocking Property of Additional Persons Contributing to the Situation in Venezuela GENERAL LICENSE NO. 7A
Authorizing Certain Activities Involving PDV
Holding, Inc. and CITGO Holding, Inc.
a Except as provided in paragraphs c and d of this general license, all transactions and activities prohibited by Executive Order 13850 with respect to PDV
Holding, Inc. PDVH, CITGO Holding, Inc., and any of their subsidiaries are authorized, where the only Petroleos de Venezuela, S.A.
PdVSA entities involved are PDVH, CITGO
Holding, Inc., or any of their subsidiaries.
This authorization automatically renews on the first day of each month, and is valid for a period of 18 months from the effective date of General License No. 7A or the date of any subsequent renewal of General License No.
7A, whichever is later.
b Except as provided in paragraphs c and d of this general license, PDVH, CITGO
Holding, Inc., and any of their subsidiaries are authorized to engage in all transactions and activities prohibited by Executive Order 13850 that are ordinarily incident and necessary to the purchase and importation of petroleum and petroleum products from PdVSA and any entity in which PdVSA
owns, directly or indirectly, a 50 percent or greater interest. This authorization is valid through 12:01 a.m. eastern daylight time, April 28, 2019.
c Any payment to or for the direct or indirect benefit of a blocked person other than PDVH, CITGO Holding, Inc., and any of their subsidiaries that is ordinarily incident and necessary to give effect to transactions authorized in paragraphs a or b of this general license must be made into a blocked, interest-bearing account located in the United States in accordance with 31 CFR
591.203.
d This general license does not authorize:
1 Any exportation or reexportation of any goods, services, or technology, directly or
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