OFAC Issues General License 5D For Venezuela Sanctions

Husch Blackwell LLP
Contact

The U.S. Department of Treasury’s Office of Foreign Assets Controls (“OFAC”) issued General License 5D pertaining to the Venezuela sanctions. Effective July 15, 2020, General License 5D replaces and supersedes General License 5C, which authorizes transactions related to the state-owned oil company Petróleos de Venezuela, S.A (“PDVSA”) 2020 8.5 percent bond that would be prohibited by the Venezuela Sanctions Regulations (31 C.F.R. part 591 or “VSR”). General License 5D does not authorize any transactions or activities otherwise prohibited by the VSR.

 

Written by:

Husch Blackwell LLP
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Husch Blackwell LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide