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Department of The Treasury: WASHINGTON, D.C. 20220

The Office of Foreign Assets Control issued General License No. 36A, which authorizes certain transactions necessary to wind down dealings with Rosneft Trading S.A. or TNK Trading International S.A. that would otherwise be prohibited by sanctions against Venezuela. The license allows these wind down activities through May 20, 2020 but does not permit debits to accounts of the specified companies held at U.S. financial institutions or other prohibited dealings. It replaces and supersedes a prior General License No. 36.

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831 views

Department of The Treasury: WASHINGTON, D.C. 20220

The Office of Foreign Assets Control issued General License No. 36A, which authorizes certain transactions necessary to wind down dealings with Rosneft Trading S.A. or TNK Trading International S.A. that would otherwise be prohibited by sanctions against Venezuela. The license allows these wind down activities through May 20, 2020 but does not permit debits to accounts of the specified companies held at U.S. financial institutions or other prohibited dealings. It replaces and supersedes a prior General License No. 36.

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TalCual
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We take content rights seriously. If you suspect this is your content, claim it here.
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DEPARTMENT OF THE TREASURY

WASHINGTON, D.C. 20220

OFFICE OF FOREIGN ASSETS CONTROL

Venezuela Sanctions Regulations


31 C.F.R. Part 591

GENERAL LICENSE NO. 36A

Authorizing Certain Activities Necessary to the Wind Down of


Transactions Involving Rosneft Trading S.A. or TNK Trading International S.A.

(a) Except as provided in paragraph (b) 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, and incorporated into the Venezuela Sanctions Regulations,
31 C.F.R. part 591 (the VSR), that are ordinarily incident and necessary to the wind down of
transactions involving Rosneft Trading S.A. or TNK Trading International S.A., or any entity in
which Rosneft Trading S.A. or TNK Trading International S.A. owns, directly or indirectly, a 50
percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, May 20,
2020.

(b) This general license does not authorize:

(1) Any debit to an account of Rosneft Trading S.A. or TNK Trading International S.A.,
or any entity in which Rosneft Trading S.A. or TNK Trading International S.A. owns, directly or
indirectly, a 50 percent or greater interest, on the books of a U.S. financial institution; or

(2) Any transactions or activities otherwise prohibited by the VSR, or any other part of
31 C.F.R. chapter V, or any transactions or activities with any blocked person other than the
blocked persons identified in paragraph (a) of this general license.

(c) Effective March 12, 2020, General License No. 36, dated February 18, 2020, is
replaced and superseded in its entirety by this General License No. 36A.

Andrea Gacki
Director
Office of Foreign Assets Control

Dated: March 12, 2020

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