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U.S. Treasury Winding Down SDN List

Paul Hastings LLP

OFAC Revokes General Authorization for Venezuelan Oil and Gas Sector But Permits Limited Wind-Down Transactions

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Broad authorizations permitting dealings in Venezuela’s oil and gas sector came to an end on April 17, 2024, when the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) terminated General...more

Dechert LLP

Russia/Venezuela Sanctions Update: Additional Sanctions Imposed on Rosneft Trading 

Dechert LLP on

The U.S.Treasury Department’s Office of Foreign Assets Control (“OFAC”) added Rosneft Trading SA (“Rosneft Trading”), a subsidiary of Russian oil major Rosneft Oil Company (“Rosneft”), to the List of Specially Designated...more

Dechert LLP

OFAC Clarifies, and Further Complicates, Sanctions on Venezuela, PdVSA

Dechert LLP on

On February 1, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued guidance in the form of Frequently Asked Questions (“FAQs”) relating to sanctions imposed on January 28, 2019 against...more

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