Venezuela General License 2A - Authorizing Certain New Debt, New Equity, and Securities Transactions Involving PDV Holding, Inc. and CITGO Holding, Inc.

Date issued: Aug. 05 2019

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TURBOFAC Commentary (1209 words)

Notes:

*Note common to certain GLs: This is one of 12 GLs that pre-dated the blocking of the Government of Venezuela, pursuant to EO 13884, and was amended to account for the blocking. Except as otherwise noted, the substance of what the GL authorizes remains unchanged as a result of EO 13884. OFAC did not amend any FAQ dealing primarily with this FAQ as a result of the blocking of the GOV.

1) Refer to FAQ 510, FAQ 513, FAQ 514, FAQ 515, FAQ 516 and FAQ 548, and comments thereto, for discussions of certain specific issues pertaining to the GL.

2) Note that this GL has no expiration date, but only authorizes certain securities transactions otherwise prohibited by EO 13808 and EO