Regulatory Alerts2026-03-19 | 20260319Issuance of Amended Venezuela-related General License and Frequently Asked Question
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 5V to authorize certain transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after May 5, 2026. OFAC simultaneously amended Frequently Asked Question 595 to align with these regulatory updates. These actions provide specific legal frameworks for handling designated Venezuelan financial instruments within the current sanctions regime.
Release Date
03/19/2026
Recent Actions Body
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5V , "Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After May 5, 2026." Additionally, OFAC is amending one Venezuela-related Frequently Asked Question, FAQ 595 .