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OFAC amends Syrian Sanctions Regulations, issues Venezuela-related license

On Friday, November 26, OFAC published a final rule amending the Syrian Sanctions Regulations (31 CFR Part 542) to expand an existing authorization related to certain activities of nongovernmental organizations (NGOs) in Syria. The amendments were effective on publication. OFAC also published two new related Frequently Asked Questions:

  • FAQ 937: What does the general license (GL) at § 542.516 of the Syrian Sanctions Regulations (SySR), as amended on November 26, 2021, authorize with respect to nongovernmental organizations (NGOs)?
  • FAQ 938: What early-recovery-related transactions and activities are nongovernmental organizations (NGOs) authorized to engage in pursuant to the general license (GL) at § 542.516 of the Syrian Sanctions Regulations (SySR), as amended on November 26, 2021?

OFAC also issued Venezuela-related General License 8I, "Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities."

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