Regulatory Alerts2026-05-07 | 2026-09090Added · Updated
Publication of Venezuela Sanctions Regulations Web General Licenses 47, 48, 49, and 50
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) publishes General Licenses 47 through 50 to authorize specific transactions otherwise prohibited by the Venezuela Sanctions Regulations. These licenses permit the sale of U.S.-origin diluents, the supply of goods and services for oil and gas operations, and the negotiation of contingent contracts for new investments in Venezuela's energy sector. The regulations impose strict reporting requirements and prohibit transactions involving designated countries, blocked vessels, or non-commercial payment terms.
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