OFAC Continues to Delay Effective Date of Venezuela-Related GL
The Office of Foreign Assets Control April 19 again extended a general license that continues to delay an exemption that would authorize certain transactions related to Petroleos de Venezuela, S.A. General License 5K, which replaced GL 5J, now authorizes certain…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
transactions with PdVSA involving an 8.5% bond on or after July 20. The agency also updated a frequently asked question to reflect the change. The previous license was set to allow those transactions to occur on or after April 20.