Regulatory Alerts2026-03-18 | 20260318Issuance of Venezuela-related General License 52 and FAQs 1245 and 1246
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 52 to authorize certain transactions involving Petróleos de Venezuela, S.A. OFAC simultaneously released two new frequently asked questions, designated as FAQ 1245 and FAQ 1246, to provide further guidance on these regulations. These actions update the regulatory framework governing specific Venezuelan energy sector transactions under U.S. sanctions.
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