OFAC Sanctions Venezuelan Aircrafts, Amends General License
The Treasury’s Office of Foreign Assets Control sanctioned 13 aircrafts belonging to Petroleos de Venezuela, Venezuela’s state-run and sanctioned energy company, Treasury said in a Jan. 21 press release. The aircrafts have been used for travel for senior members of the Nicolas Maduro regime and have “operated in an unsafe and unprofessional manner in proximity to U.S. military aircraft,” Treasury said.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Treasury also amended a Venezuela-related general license. General License No. 20B authorizes certain activities with Banco Central de Venezuela involving certain international entities, including the International Committee of the Red Cross, the United Nations, the World Bank and the World Food Program.