Venezuela General License 4C - Authorizing Certain New Debt Transactions and Other Transactions Involving Certain Blocked Persons Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates

Date issued: Aug. 05 2019

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TURBOFAC Commentary (3213 words)

Notes

1) See the following FAQs and comments thereto for discrete issues raised by the GL: FAQ 510, FAQ 519, FAQ 520, FAQ 521, FAQ 664 and FAQ 665.

2) NOTES ON AMENDMENT HISTORY, RELATIONSHIP WITH THE EO 13884 EXEMPTION

This GL was initially issued on 25 Aug 2017 to lift prohibitions imposed by EO 13808 (including dealing in otherwise prohibited receivables, characterized as "new debt," connected with TSRA-related goods sales).

The GL was amended on 22 March 2019 to add to the scope of the license authorizations for dealings with certain banks blocked pursuant to EO 13850, and further amended in April, 2019 to add the Central Bank of Venezuela (also blocked pursuant to EO 13850) to the scope of the license and to ensure...