Issuance of Venezuela-related General License 5W and Amended FAQ 595

The Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 5W to authorize certain transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after June 19, 2026. Concurrently, OFAC 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 instruments and clarify compliance requirements for entities dealing with Venezuelan state-owned assets.