OFAC ISSUES NEW VENEZUELA SANCTIONS GENERAL LICENCES AND AMENDED FAQ

On 8 March, the EU Sanctions Blog reported that OFAC has issued 2 general licences relating to financial contracts and agreements with some specific Venezuelan bonds and PdVSA securities. They extend the expiration dates of their previous versions.  OFAC has also amended 2 relevant FAQ.

https://www.europeansanctions.com/2019/03/ofac-issues-venezuela-general-licences-on-bonds-and-pdvsa-securities/

https://content.govdelivery.com/accounts/USTREAS/bulletins/23520d5

https://www.reuters.com/article/us-venezuela-politics-usa/u-s-allows-more-time-to-wind-down-venezuela-state-oil-firms-debt-idUSKCN1QP1NS

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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