On May 4, 2026, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced the issuance of General License 5W, which authorizes transactions involving the Petróleos de Venezuela, S.A. (PDVSA) 2020 8.5 percent bond from June 19, 2026 onward. The license allows specific dealings with this bond that were previously restricted. Additionally, OFAC released an amended Frequently Asked Question, FAQ 595, addressing questions related to Venezuela sanctions. The changes are part of OFAC’s ongoing efforts to update and clarify sanctions regulations. Entities engaging with the PDVSA bond must comply with the new license conditions, and the amended FAQ provides guidance on related compliance matters.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.