Frequently Asked Questions Related to the Suspension of Certain U.S. Sanctions with Respect to Venezuela on October 18, 2023 - # 6

Date issued: Apr. 17 2024

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TURBOFAC Commentary (170 words)

Notes:

1) See Venezuela General License 44, Venezuela General License 8 and Venezuela General License 41. This FAQ appears aimed at assuaging the concerns of people that might not understand the way in which OFAC's authorizations can overlap in scope and apply concurrently.

FAQ amended on 2-2-24 to replace "rely on existing general licenses" with "rely on general licenses that pre-dated October 18, 2023" (non-substantive clarification).

OFAC also removed the following paragraph, in light of the text added to preface of the FAQ document (link) concerning GL 44 renewal prospects:

"Renewal of GL 44 is subject to the representatives of Maduro following through with their commitments and taking concrete steps toward a democratic election by the end of 2024 as outlined in the Secretary of State’s statement from October 18, 2023."
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