EU ‘Gives the Plane’ to Venezuela: Flexible Sanctions on PDVSA and Expands Licenses
11 Articles
11 Articles
On Thursday, the U.S. Treasury Department issued three new general licenses under the regime of sanctions against Venezuela that allow limited flexibility in operations related to the debt of state oil company PDVSA, civil aviation and telecommunications, without changing the core of the current restrictions.The central measure, published as License No.5, authorizes from August 4, 2026 transactions related to PDVSA's 2020 bond to 8.5 percent, in…
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department published on Thursday new general licenses that update and extend limited authorizations for operations related to the Venezuelan government, linked to the debt of state oil company PDVSA, civil aviation and telecommunications, without changing the core of the restrictions in force. The measure includes the General License 5X, which extends until August 4, 2026 the prote…
The U.S. Treasury Department lifted sanctions on Thursday (18.06.2026) against the state airline Conviasa and the telecommunications and mail services of Venezuela, as part of the economic opening strategy for the South American country. General license 59 authorizes “the supply of certain items and services related to the Venezuelan Consortium of Aeronautical Industries and Air Services (Conviasa)”, explained the communiqué of the Office of For…
The United States adjusts sanctions to Venezuela and enables key operations for Conviasa. Image: Ministry of Transport of Venezuela The Office of Foreign Assets Control (OFAC), attached to the U.S. Treasury Department, issued a new package of general licenses under the Venezuelan sanctions regime on Thursday, with timely adjustments in the debt, telecommunications and, especially, civil aviation sectors.
News of the Day and the Hour Latest News of the day The 5X License issued by OFAC allows, in a limited way, the execution of transactions related to the debt of PDVSA, including the provision of financing and other transactions related to that debt instrument. The Office of Control of Foreign Assets of the Department of the Treasury of the United States (OFAC) issued this Thursday, June 18th the 5X License, which authorizes "certain transaction…
On Thursday, the U.S. Treasury Department issued three new general licenses under the regime of sanctions against Venezuela that allow limited flexibility in operations related to the debt of state oil company PDVSA, civil aviation and telecommunications, without altering the core of the restrictions in force. The central measure, published as [...] The entry US relaxes sanctions on PDVSA and expands licenses in aviation for Venezuela was first …
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