OFAC Updates Venezuela-Related General License, FAQ
The Treasury’s Office of Foreign Assets Control updated a Venezuela-related general license and amended a Venezuela-related frequently asked question, OFAC said in an April 10 notice. General License No. 5C authorizes certain transactions related to Petroleos de Venezuela involving an…
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8.5% bond on or after July 22, 2020. The FAQ clarifies which transactions are authorized by the license.