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US Update Venezuela License Linked to PDVSA

OIL

The US Treasury Department has issued an updated Venezuela General License which authorised certain transactions related to PDVSA 2020 8.5 percent bond on or After Nov. 12.

  • “…all transactions related to, the provision of financing for, and other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized,” The Treasury said.

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