OFAC FAQ (Current) # 547 - Venezuela Sanctions - Executive Order 13808 of August 24, 2017 (PDF contains all versions)

Date issued: Jan. 09 2023

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TURBOFAC Commentary (719 words)

Notes:

* FAQ amended on 1-9-23 to change "Venezuelan National Assembly" to "IV Venezuelan National Assembly seated on January 5, 2016". Note that Venezuela General License 31 covers transactions otherwise prohibited involving IV Venezuelan National Assembly, but it does not cover transactions otherwise prohibited by EO 13808.

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 comments below have been updated in light of that development.

1) Subsequent to the issue of this FAQ, both PdVSA and the President of PdVSA were designated as SDNs, PdVSA pursuant to EO 13850 and the President pursuant to EO 13692. See https://home.treasury.gov/news/press-releases/sm612; https://home.treasury.gov/news/press-releases/sm594

Relatedly, Venezuela GL 3 was, since the...