OFAC FAQ (Current) # 1218 - Venezuela Sanctions

Date issued: Mar. 02 2025

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TURBOFAC Commentary (130 words)

Notes:

1) The "announcement" referenced in the FAQ can be found at: https://truthsocial.com/@realDonaldTrump/posts/114071774104516883.

"We are hereby reversing the concessions that Crooked Joe Biden gave to Nicolás Maduro, of Venezuela, on the oil transaction agreement, dated November 26, 2022, and also having to do with Electoral conditions within Venezuela, which have not been met by the Maduro regime. Additionally, the regime has not been transporting the violent criminals that they sent into our Country (the Good Ole’ U.S.A.) back to Venezuela at the rapid pace that they had agreed to. I am therefore ordering that the ineffective and unmet Biden “Concession Agreement” be terminated as of the March 1st option to renew. Thank you for your attention to this matter!"

2) See
Venezuela General License 41.