The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has issued General License 5U, authorizing transactions related to Petróleos de Venezuela, S.A.’s 2020 8.5 percent bond on or after March 20, 2026. The license aims to facilitate specific financial activities while complying with sanctions. Additionally, OFAC amended Frequently Asked Question 595 to clarify guidance on Venezuela-related matters. The updates were released on February 2, 2026. These actions align with OFAC’s broader efforts to manage sanctions and ensure adherence to U.S. financial regulations. The changes are effective immediately and apply to all relevant parties. OFAC encourages compliance with all licensing and reporting requirements.
https://ofac.treasury.gov/recent-actions/20260202
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