OFAC FAQ (Current) # 1237 - Venezuela Sanctions

Date issued: Feb. 18 2026

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TURBOFAC Commentary (100 words)

Notes:

Guidance clarifies that the interpretive Note 1 to Paragraph (a)(2)* of Venezuela General License 50/50A also applies to Venezuela General License 46A and Venezuela General License 48, which allow for “payments for local taxes, permits, or fees" but do not have the interpretive note specifying that "payments of oil or gas taxes or royalties " are not included.

“*Any payments of oil or gas taxes or royalties to the Government of Venezuela, PdVSA, or any PdVSA Entity must be paid into the Foreign Government Deposit Funds or any other account as instructed by the U.S. Department of the Treasury.”