Venezuela: OFAC Loosens Oil, Gold, Bond Restrictions

Posted 10/20/23

In response to the signing of an electoral roadmap agreement between Venezuela’s Unitary Platform and representatives of Maduro,  Treasury’s Office of Foreign Assets Control (OFAC) issued 4 General Licenses suspending select sanctions.  The G/Ls permit limited trading in Oil, Gold and certain Venezuelan sovereign bonds and PdVSA debt and equity.

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