Frequently Asked Questions Related to the Suspension of Certain U.S. Sanctions with Respect to Venezuela on October 18, 2023 - # 4 (Updated on April 17, 2024, previous versions included)

Date issued: Apr. 17 2024

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TURBOFAC Commentary (105 words)

Notes:

1) With respect to the original version of the FAQ, refer to FAQ # 808, FAQ # 1123 and FAQ # 1124, and comments thereto. FAQs 808, 1123, and 1124 focus on a litigation that centers on the attachment of shares in U.S. subsidiaries of PdVSA that are “blocked property.” Nothing in the authorizations issued on 10-18-22 authorizes transactions involving those shares that would otherwise be prohibited. The original version of the FAQ is now October 18, 2023 Venezuela Looseleaf FAQ - # 3.

2) On 4-17-24, OFAC redesignated what was October 18, 2023 Venezuela Looseleaf FAQ - # 5 as FAQ # 4 without substantive amendment.