OFAC Continues to Delay Effective Date of Venezuela-Related License
The Office of Foreign Assets Control on Dec. 19 again extended a general license that continues to delay an exemption that would authorize certain transactions related to Petroleos de Venezuela S.A., Venezuela’s state-owned energy company. General License 5T, which replaced…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
GL 5S, now authorizes certain transactions with PdVSA involving an 8.5% bond on or after Feb. 3, 2026. The previous license was set to allow those transactions to occur on or after Dec. 20.