OFAC Recognizes Venezuelan Law in Revised Sanctions Waivers
10 Articles
10 Articles
Houston. The United States expanded authorizations for operations related to Venezuela’s strategic sectors, by amending eight general licenses of its sanctions regime against the Bolivarian Republic, the Office of Foreign Assets Control (OFAC) of the Treasury Department reported yesterday.
OFAC Recognizes Venezuelan Law in Revised Sanctions Waivers
Caracas (OrinocoTribune.com)—This Thursday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) issued a package of amendments to eight general licenses governing limited transactions with Venezuela under Washington’s unilateral sanctions regime. The amendments cover licenses related to Venezuelan oil, gas, petrochemicals, minerals, gold, electricity, and telecommunications. However, a comparison with the previous versions shows…
The regulatory update allows for the release of financial and operational transactions that were restricted under the sanctions scheme.
The US lifted flexibility of sanctions but will allow each company to opt for individual licenses The U.S. Treasury Department, through the Office of Foreign Assets Control, issued on Thursday a set of updates and amendments to the general licenses that regulate the economic operations of international companies in Venezuela. The decision covers key sectors of the national economy, including oil, gas, petrochemicals, gold mining and telecommunic…
News of the Day and the Hour Latest News of the day The Office of Control of Foreign Assets of the U.S. Treasury Department authorized new operations related to hydrocarbons, mining, telecommunications and transactions with PDVSA, as part of a relaxation of the economic restrictions applied to Venezuela Eight new general licenses were issued by the Office of Control of Foreign Assets (OFAC) of the U.S. Treasury Department, with which some econo…
The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) issued a number of modified general licenses this Thursday, related to the country’s oil and mineral sectors. According to the newsletter infor...
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