OFAC FAQ (Current) # 523 - Venezuela Sanctions - Executive Order 13808 of August 24, 2017

Date issued: Jul. 19 2018

TURBOFAC Commentary (102 words)

Notes:

Note: this FAQ and comments thereto were posted/written prior to the blocking of the Government of Venezuela pursuant to EO 13884. Neither the FAQ nor the comment have been updated in light of that development.

Purchase of that bond, and similarly situated ones excluded from General License 3, would be prohibited by Section 1(b) of EO 13808. The purpose of General License 3 seems to be to not disturb the pre-existing secondary market in the covered debt, and a bond "issued" but of which the Venezuelan Government is still the sole holder is not available on the secondary market.