Publication of Venezuela Sanctions Regulations Web General Licenses 46, 46A, and 46B

Federal Register / Vol. 91, No. 88 / Thursday, May 7, 2026 / Rules and Regulations 24719 compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: February 13, 2026. Annex—Entities Described in Paragraph (a) of General License 50 List of Entities Described in Paragraph (a) of General License 50 as of February 13, 2026: Entity BP PLC Chevron Corporation Eni S.p.A. Repsol S.A. Shell PLC Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–09090 Filed 5–6–26; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 591 Publication of Venezuela Sanctions Regulations Web General Licenses 46, 46A, and 46B AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of web general licenses. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing three general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GLs 46, 46A, and 46B, each of which was previously made available on OFAC’s website. DATES: GL 46 was issued on January 29, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On January 29, 2026, OFAC issued GL 46 to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591. On February 10, 2026, OFAC issued GL 46A, which replaced and superseded GL 46. On March 13, 2026, OFAC issued GL 46B, which replaced and superseded GL 46A. These GLs were made available on OFAC’s website (https://ofac.treasury.gov) when they were issued. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 46 Authorizing Certain Activities Involving Venezuelan-Origin Oil (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving the Government of Venezuela, Petro´leos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, ‘‘PdVSA Entities’’), that are ordinarily incident and necessary to the lifting, exportation, reexportation, sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelan-origin oil, including the refining of such oil, by an established U.S. entity are authorized, provided that: (1) Any contract for such transactions with the Government of Venezuela, PdVSA, or PdVSA Entities specify that the laws of the United States or any jurisdiction within the United States govern the contract and that any dispute resolution under the contract occur in the United States; and (2) Any monetary payment to a blocked person is made into the Foreign Government Deposit Funds, as specified in Executive Order 14373 of January 9, 2026, or any other account as instructed by the U.S. Department of the Treasury. Note 1 to Paragraph (a). For purposes of this general license, the term ‘‘established U.S. entity’’ means any entity organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025. Note 2 to Paragraph (a). Transactions authorized by paragraph (a) include arranging shipping and logistics services, including chartering vessels, obtaining marine insurance and protection and indemnity (P&I) coverage, and arranging port and terminal services, including with port authorities or terminal operators that are part of the Government of Venezuela. Paragraph (a) also authorizes commercially reasonable payments in the form of swaps of crude oil, diluents, or refined petroleum products. (b) This general license does not authorize: (1) Payment terms that are not commercially reasonable, involve debt swaps or payments in gold, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on behalf of the Government of Venezuela, including the petro; (2) Any transaction involving a person located in or organized under the laws of the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, or any entity that is owned or controlled, directly or indirectly, by or in a joint venture with such persons; (3) Any transaction involving an entity located in or organized under the laws of Venezuela or the United States that is owned or controlled, directly or indirectly, by or in a joint venture with a person located in or organized under the laws of the People’s Republic of China; (4) The unblocking of any property blocked pursuant to the VSR; or (5) Any transaction involving a blocked vessel. (c) Any person that exports, reexports, sells, resells, or supplies Venezuelan￾origin oil to countries other than the United States pursuant to this general license must provide a detailed report to Sanctions_inbox@state.gov and VZReporting@doe.gov that identifies, for each of these transactions: (1) The parties involved; (2) The quantities, values, and countries of ultimate destination; (3) The dates the transactions occurred; and (4) Any taxes, fees, or other payments provided to the Government of Venezuela. (d) Reports described in paragraph (c) are due ten days after the execution of the first of such transactions and every 90 days thereafter while such transactions are ongoing. Note to General License No. 46. Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: January 29, 2026. 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24720 Federal Register / Vol. 91, No. 88 / Thursday, May 7, 2026 / Rules and Regulations OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 46A Authorizing Certain Activities Involving Venezuelan-Origin Oil (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving the Government of Venezuela, Petro´leos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, ‘‘PdVSA Entities’’), that are ordinarily incident and necessary to the lifting, exportation, reexportation, sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelan-origin oil, including the refining of such oil, by an established U.S. entity are authorized, provided that: (1) Any contract for such transactions with the Government of Venezuela, PdVSA, or PdVSA Entities specify that the laws of the United States or any jurisdiction within the United States govern the contract and that any dispute resolution under the contract occur in the United States; and (2) Any monetary payment to a blocked person, excluding payments for local taxes, permits, or fees, is made into the Foreign Government Deposit Funds, as specified in Executive Order 14373 of January 9, 2026, or any other account as instructed by the U.S. Department of the Treasury. Note 1 to Paragraph (a). For purposes of this general license, the term ‘‘established U.S. entity’’ means any entity organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025. Note 2 to Paragraph (a). Transactions authorized by paragraph (a) include arranging shipping and logistics services, including chartering vessels, obtaining marine insurance and protection and indemnity (P&I) coverage, and arranging port and terminal services, including with port authorities or terminal operators that are part of the Government of Venezuela. Paragraph (a) also authorizes commercially reasonable payments in the form of swaps of crude oil, diluents, or refined petroleum products. (b) This general license does not authorize: (1) Payment terms that are not commercially reasonable, involve debt swaps or payments in gold, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on behalf of the Government of Venezuela, including the petro; (2) Any transaction involving a person located in or organized under the laws of the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, or any entity that is owned or controlled, directly or indirectly, by or in a joint venture with such persons; (3) Any transaction involving an entity located in or organized under the laws of Venezuela or the United States that is owned or controlled, directly or indirectly, by or in a joint venture with a person located in or organized under the laws of the People’s Republic of China; (4) The unblocking of any property blocked pursuant to the VSR; or (5) Any transaction involving a blocked vessel. (c) Any person that exports, reexports, sells, resells, or supplies Venezuelan￾origin oil to countries other than the United States pursuant to this general license must provide a detailed report to Sanctions_inbox@state.gov and VZReporting@doe.gov that identifies, for each of these transactions: (1) The parties involved; (2) The quantities, values, and countries of ultimate destination; (3) The dates the transactions occurred; and (4) Any taxes, fees, or other payments provided to the Government of Venezuela. (d) Reports described in paragraph (c) are due ten days after the execution of the first of such transactions and every 90 days thereafter while such transactions are ongoing. (e) Effective February 10, 2026, General License No. 46, dated January 29, 2026, is replaced and superseded in its entirety by this General License No. 46A. Note to General License No. 46A. Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: February 10, 2026. OFFICE OF FOREIGN ASSETS CONTROL Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 46B Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving the Government of Venezuela, Petro´leos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest (collectively, ‘‘PdVSA Entities’’), that are ordinarily incident and necessary to the lifting, exportation, reexportation, sale, resale, supply, storage, marketing, purchase, delivery, or transportation of Venezuelan-origin oil, including the refining of such oil, or of Venezuelan-origin petrochemical products for importation into the United States, by an established U.S. entity are authorized, provided that: (1) Any contract for such transactions with the Government of Venezuela, PdVSA, or PdVSA Entities specify that the laws of the United States or any jurisdiction within the United States govern the contract and that any dispute resolution under the contract occur in the United States; and (2) Any monetary payment to a blocked person, excluding payments for local taxes, permits, or fees, is made into the Foreign Government Deposit Funds, as specified in Executive Order 14373 of January 9, 2026, or any other account as instructed by the U.S. Department of the Treasury. Note 1 to Paragraph (a). For purposes of this general license, the term ‘‘established U.S. entity’’ means any entity organized under the laws of the United States or any jurisdiction within the United States on or before January 29, 2025. Note 2 to Paragraph (a). Transactions authorized by paragraph (a) include arranging shipping and logistics services, including chartering vessels, obtaining marine insurance and protection and indemnity (P&I) coverage, and arranging port and terminal services, including with port authorities or terminal operators that are part of the Government of Venezuela. Paragraph (a) also authorizes commercially reasonable payments in the form of swaps of crude oil, diluents, or refined petroleum products. Note 3 to Paragraph (a). For purposes of this general license, the term ‘‘petrochemical products’’ includes fertilizer products and fertilizer precursor chemicals, including the VerDate Sep<11>2014 15:59 May 06, 2026 Jkt 268001 PO 00000 Frm 00016 Fmt 4700 Sfmt 4700 E:\FR\FM\07MYR1.SGM 07MYR1 khammond on DSK9W7S144PROD with RULES

Federal Register / Vol. 91, No. 88 / Thursday, May 7, 2026 / Rules and Regulations 24721 chemicals listed in the Annex of this general license. (b) This general license does not authorize: (1) Payment terms that are not commercially reasonable, involve debt swaps or payments in gold, or are denominated in digital currency, digital coin, or digital tokens issued by, for, or on behalf of the Government of Venezuela, including the petro; (2) Any transaction involving a person located in or organized under the laws of the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, or any entity that is owned or controlled, directly or indirectly, by or in a joint venture with such persons; (3) Any transaction involving an entity located in or organized under the laws of Venezuela or the United States that is owned or controlled, directly or indirectly, by or in a joint venture with a person located in or organized under the laws of the People’s Republic of China; (4) The unblocking of any property blocked pursuant to the VSR; or (5) Any transaction involving a blocked vessel. (c) Any person that exports, reexports, sells, resells, or supplies Venezuelan￾origin oil to countries other than the United States pursuant to this general license must provide a detailed report to Sanctions_inbox@state.gov and VZReporting@doe.gov that identifies, for each of these transactions: (1) The parties involved; (2) The quantities, values, and countries of ultimate destination; (3) The dates the transactions occurred; and (4) Any taxes, fees, or other payments provided to the Government of Venezuela. (d) Reports described in paragraph (c) are due ten days after the execution of the first of such transactions and every 90 days thereafter while such transactions are ongoing. (e) Effective March 13, 2026, General License No. 46A, dated February 10, 2026, is replaced and superseded in its entirety by this General License No. 46B. Note to General License No. 46B. Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce’s Bureau of Industry and Security. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: March 13, 2026. Annex to General License 46B Chemicals that fall within the scope of the term ‘‘petrochemical products’’ include the following: Chemical name HS code Sulfur .................................................................................................................................................................................................... 2503000010 Sulfur .................................................................................................................................................................................................... 2503000090 Phosphate Rock .................................................................................................................................................................................. 2510100000 Phosphate Rock .................................................................................................................................................................................. 2510200000 Sulfuric Acid ......................................................................................................................................................................................... 2807000000 Phosphoric Acid, fertilizer-grade, containing less than 65 percent available ..................................................................................... 2809200010 Phosphoric Acid, other ........................................................................................................................................................................ 2809200020 Anhydrous Ammonia ........................................................................................................................................................................... 2814100000 Aqua Ammonia .................................................................................................................................................................................... 2814200000 Potassium Nitrate ................................................................................................................................................................................ 2834210000 Calcium Nitrate .................................................................................................................................................................................... 2834291000 Potassium Phosphate .......................................................................................................................................................................... 2835240000 Dicalcium Phosphates ......................................................................................................................................................................... 2835250000 Other Phosphates of Calcium ............................................................................................................................................................. 2835260000 Urea (Solid) .......................................................................................................................................................................................... 3102100000 Urea (Solid) .......................................................................................................................................................................................... 3102100010 Diesel Exhaust Fluid ............................................................................................................................................................................ 3102100030 Other Urea ........................................................................................................................................................................................... 3102100050 Ammonium Sulfate .............................................................................................................................................................................. 3102210000 Other Nitrogen Fert .............................................................................................................................................................................. 3102290000 Ammonium Nitrate ............................................................................................................................................................................... 3102300000 Ammonia Nitrate .................................................................................................................................................................................. 3102400000 Sodium Nitrate ..................................................................................................................................................................................... 3102500000 Other Nitrogen Fert .............................................................................................................................................................................. 3102600000 Mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution .................................................................................... 3102800000 Other Nitrogen Fert .............................................................................................................................................................................. 3102900100 Concentrated Super ............................................................................................................................................................................. 3103110000 Normal Super ....................................................................................................................................................................................... 3103190000 Other Phosphate Fert .......................................................................................................................................................................... 3103900100 Potassium Muriate ............................................................................................................................................................................... 3104200000 Potassium Muriate <=62% Oxide ........................................................................................................................................................ 3104200010 Potassium Muriate >62% Oxide .......................................................................................................................................................... 3104200050 Potassium Sulfate ................................................................................................................................................................................ 3104300000 Other Potassium Fert .......................................................................................................................................................................... 3104900100 Chemical Mixtures ............................................................................................................................................................................... 3105100000 Chemical Mixtures ............................................................................................................................................................................... 3105200000 Diammonium Phosphate ..................................................................................................................................................................... 3105300000 Monoammonium Phosphate & Other .................................................................................................................................................. 3105400000 Monoammonium Phosphate & Other .................................................................................................................................................. 3105400010 Monoammonium Phosphate & Other .................................................................................................................................................. 3105400050 Chemical Mixtures ............................................................................................................................................................................... 3105510000 Chemical Mixtures ............................................................................................................................................................................... 3105590000 Chemical Mixtures ............................................................................................................................................................................... 3105600000 Potassium Sodium Nitrate ................................................................................................................................................................... 3105900010 Other Mixtures ..................................................................................................................................................................................... 3105900050 VerDate Sep<11>2014 15:59 May 06, 2026 Jkt 268001 PO 00000 Frm 00017 Fmt 4700 Sfmt 4700 E:\FR\FM\07MYR1.SGM 07MYR1 khammond on DSK9W7S144PROD with RULES

24722 Federal Register / Vol. 91, No. 88 / Thursday, May 7, 2026 / Rules and Regulations Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–09092 Filed 5–6–26; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Parts 594 and 599 Publication of a Global Terrorism Sanctions Regulations and Illicit Drug Trade Sanctions Regulations Web General License AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of a web general license. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Global Terrorism Sanctions Regulations and the Illicit Drug Trade Sanctions Regulations: GL 34. This GL was previously made available on OFAC’s website. DATES: GL 34 was issued on February 19, 2026. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On February 19, 2026, OFAC issued GL 34 to authorize certain transactions otherwise prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594, and the Illicit Drug Trade Sanctions Regulations, 31 CFR part 599. GL 34 was made available on OFAC’s website (https://ofac.treasury.gov) when it was issued. The text of this GL is provided below. OFFICE OF FOREIGN ASSETS CONTROL Global Terrorism Sanctions Regulations 31 CFR Part 594 Illicit Drug Trade Sanctions Regulations 31 CFR Part 599 GENERAL LICENSE NO. 34 Authorizing the Wind Down of Transactions Involving Kovay Gardens (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR) or the Illicit Drug Trade Sanctions Regulations, 31 CFR part 599 (IDTSR), that are ordinarily incident and necessary to the wind down of any transaction involving Kovay Gardens, or any entity in which Kovay Gardens owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, March 21, 2026, provided that any payment to a blocked person is made into a blocked account in accordance with the IDTSR and GTSR. (b) This general license does not authorize any transactions otherwise prohibited by the GTSR or IDTSR, including transactions involving any person blocked pursuant to the GTSR or IDTSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: February 19, 2026. Bradley T. Smith, Director, Office of Foreign Assets Control. [FR Doc. 2026–09085 Filed 5–6–26; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Chapter V Publication of Iranian Transactions and Sanctions Regulations Web General Licenses AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of web general licenses. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued in the Iranian sanctions program: GLs S and T. These GLs were previously made available on OFAC’s website. DATES: GL S was issued on December 18, 2025. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Regulatory Affairs, 202–622–4855; or https:// ofac.treasury.gov/contact-ofac. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov/. Background On December 18, 2025, OFAC issued GL S to authorize certain transactions otherwise prohibited by Executive Order (E.O.) 13902 of January 10, 2020, ‘‘Imposing Sanctions With Respect to Additional Sectors of Iran’’ (85 FR 2003, January 14, 2020). On January 23, 2026, OFAC issued GL T to authorize certain transactions otherwise prohibited by E.O. 13902. GLs S and T, which are both expired, were made available on OFAC’s website (https:// ofac.treasury.gov) when they were issued. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13902 of January 10, 2020 Imposing Sanctions With Respect to Additional Sectors of Iran GENERAL LICENSES Authorizing Limited Safety and Environmental Transactions and the Offloading of Cargo Involving Certain Persons or Vessels Blocked on December 18, 2025 (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by Executive Order (E.O.) 13902 that are ordinarily incident and necessary to one or more of the following activities involving the blocked vessels or blocked persons listed in the Annex to this general license, and any entity in which the listed blocked persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, January 18, 2026, provided that any payment to a blocked person must be made into a blocked interest-bearing account located in the United States: VerDate Sep<11>2014 15:59 May 06, 2026 Jkt 268001 PO 00000 Frm 00018 Fmt 4700 Sfmt 4700 E:\FR\FM\07MYR1.SGM 07MYR1 khammond on DSK9W7S144PROD with RULES