OFAC FAQ (Current) # 1098 - Venezuela Sanctions

Date issued: Nov. 26 2022

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TURBOFAC Commentary (74 words)

Notes

1) Read in conjunction with Venezuela General License 41. The FAQ generally restates aspects of the GL word-for-word, offering (for the avoidance of any doubt) the additional clarification that the license extends to the processing of payments for underlying transactions authorized by the GL. Note that, even for non-U.S. persons, the GL still is only relevant for exportation of PDVSA-related oil to the U.S. (as opposed to third countries).