Issuance of Venezuela-Related General License 40B; Publication of Hostages and Wrongful Detention Sanctions Regulations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-Related General License 40B, "Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela."

Additionally, OFAC is adding regulations to implement Executive Order (E.O.) 14078 of July 19, 2022, “Bolstering Efforts To Bring Hostages and Wrongfully Detained United States Nationals Home.”  These regulations are currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on Tuesday, July 11, 2023.