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OFFICE OF FOREIGN ASSETS CONTROL
Venezuela Sanctions Regulations
31 CFR part 591
GENERAL LICENSE NO. 54C
Authorizing the Supply of Certain Items and Services for Coal or Minerals Operations in Venezuela
(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), including those involving the Government of Venezuela, including Carbones del Zulia S.A. (Carbozulia), CVG Compania General de Mineria de Venezuela CA (Minerven), or any entity in which Minerven owns, directly or indirectly, a 50 percent or greater interest (collectively, “Minerven Entities”), that are ordinarily incident and necessary to the provision from the United States or by a U.S. person of goods, technology, software, or services for the exploration, development, mining, extraction, processing, refining, or production of coal or minerals, including...
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[6-10-26 update – GL 46C, 47A, 48B, 50B, 51B, 52A, and 54A issued to amend the “governing law and dispute resolution” provision to specify the governing law can be state or other jurisdiction within the United States and that dispute resolution may occur in the UK, France or Singapore. See FAQ # 1260]
[8-27-26 update – GL amended (alongside all others with a governing law provision) to strike the requirement that “the terms of the contract be construed and interpreted in accordance with the laws of a state or other jurisdiction within the United States” and to remove the related interpretive note]
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Consolidated Comment on Venezuela General License 54 and Venezuela General License 55
Venezuela Venezuela General License 51A broadly authorizes...