Regulatory Alerts2026-06-10 | 2026-11616Publication of Venezuela Sanctions Regulations Web General Licenses 48A and 49A
The Department of the Treasury’s Office of Foreign Assets Control published General Licenses 48A and 49A to authorize specific transactions otherwise prohibited by the Venezuela Sanctions Regulations. General License 48A permits the supply of goods, technology, and services for oil, gas, petrochemical, and electricity operations in Venezuela, subject to strict reporting and contractual requirements. General License 49A authorizes the negotiation and entry into contingent contracts for new investment in these sectors, while both licenses explicitly prohibit dealings with persons from Russia, Iran, North Korea, Cuba, and China.
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