OFAC FAQ (Current) # 595- Executive Order 13827 "Taking Additional Steps to Deal with the Situation in Venezuela" (PDF contans all versions)

Date issued: Oct. 18 2023

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TURBOFAC Commentary (623 words)

Notes:

1) This FAQ was initially posted prior to the blocking of the Government of Venezuela pursuant to EO 13884. See comment to Venezuela General License 5. The effect of the GL appears to not have been disturbed as a result of the blocking of the GOV pursuant to EO 13884 in August, 2019, but as discussed by OFAC in the updated version of this FAQ, the GL was amended such that it only applies to transactions taking place on or after July 21, 2021.

2) This FAQ was initially issued on Jul 19, 2018 [1], and amended on Jan 31, 2019 [2], to add a (now removed) note concerning the relationship between the status of the bonds at issue under EO 13835 and EO 13850, pursuant to which PdVSA is blocked (see plain text to the...