Venezuela General License 36a (Expired) - Authorizing Certain Activities Necessary to the Wind Down of Transactions Involving Rosneft Trading S.A.

Date issued: Mar. 12 2020

TURBOFAC Commentary (122 words)

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g. FAQ 807), but not including authorizations for the "maintenance" of activities. See corresponding designation notice at https://home.treasury.gov/news/press-releases/sm909.

2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. (All general licenses for the wind down of pre-existing business activities.)

3) Read in conjunction with FAQ # 817 and FAQ # 818, both of which were issued on the same day as this GL.

4) GL Amended on 12 March 2020 to add TNK Trading International S.A. to the license.