The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 58 on May 5, 2026. The license authorizes specific services to the Venezuelan government that may support potential debt restructuring. It expands the range of activities that are permissible under U.S. sanctions law for Venezuela, allowing entities to provide services related to the restructuring process. The license is part of OFAC’s broader sanctions regime and applies to any U.S. person or entity providing such services. The authorization is limited to services directly tied to the debt restructuring effort and does not cover other Venezuelan-related activities.
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