Regulatory Alerts2026-02-02 | 20260202Issuance of Venezuela-related General License 5U and Amended FAQ 595
The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 5U to authorize certain transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after March 20, 2026. OFAC simultaneously released an amended version of Frequently Asked Question 595 to provide updated guidance on Venezuela-related sanctions. These actions modify the regulatory framework governing specific financial dealings with Venezuelan state-owned enterprises.
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