OFAC Updates Venezuela-Related GL

The Office of Foreign Assets Control on Feb. 2 updated a general license that authorizes transactions involving Venezuela’s ports and airports. General License No. 30A, which replaces No. 30 (see 1908060048), also authorizes certain transactions and activities that involve Venezuela’s Instituto Nacional de los Espacios Acuáticos (INEA) or any entity INEA owns by 50% or more. OFAC said the license does not authorize transactions or activities related to the export or reexport of “diluents” to Venezuela.