PRINT
OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations 31 C.F.R. Part 591
GENERAL LICENSE NO. 13E
Authorizing Certain Activities Involving Nynas AB
(a) Except as provided in paragraph (c) of this general license, all transactions and activities prohibited by Executive Order (E.O.) 13850 of November 1, 2018, as amended by E.O. 13857 of January 25, 2019, or E.O. 13884 of August 5, 2019, each as incorporated into the Venezuela Sanctions Regulations, 31 C.F.R. part 591 (the VSR), where the only Government of Venezuela entities involved are Nynas AB or any of its subsidiaries, are authorized through 12:01 a.m. eastern daylight time, May 14, 2020.
(b) Any payment to or for the direct or indirect benefit of a blocked person other than Nynas AB or any of its subsidiaries that is ordinarily incident and necessary to...
Click the appropriate link below for access to this file.
Click the appropriate link below for access to this file.
*Note common to certain GLs: This is one of 12 GLs that pre-dated the blocking of the Government of Venezuela, pursuant to EO 13884, and was amended to account for the blocking. Except as otherwise noted, the substance of what the GL authorized remained unchanged as a result of EO 13884. OFAC did not amend any FAQ dealing primarily with this FAQ as a result of the blocking of the GOV.
ON 12 MAY 2020, THE GL WAS REVOKED (see https://content.govdelivery.com/accounts/USTREAS/bulletins/28b2584).
"Nynas AB has undertaken a corporate restructuring that has resulted in Nynas AB no longer being blocked pursuant to the Venezuela Sanctions Regulations (31 C.F.R. Part 591). This corporate restructuring, among other things, severs control by blocked persons and reduces the...