OFAC issues Venezuela General Licence 5H & FAQ

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued Venezuela-related General Licence (GL) 5H, which delays until 21 January 2022 the authorisation of US persons to engage in transactions related to the provision of financing for/other dealings in the Petróleos de Venezuela, S.A. (PdVSA) 2020 8.5% bond, otherwise prohibited by subsection 1(a)(iii) Executive Order 13835. GL 5G …

VenezuelaVenezuela United StatesUnited States

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

See profile for Michael O'Kane >