OFAC Updates Venezuela-Related General License
The Office of Foreign Assets Control on July 20 extended a general license related to Petroleos de Venezuela and updated a frequently asked question to reflect the change. General License No. 5G, which replaced No. 5F (see 2012230066), now authorizes…
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certain transactions with PdVSA involving an 8.5% bond on or after Oct. 21, 2021.