Article
OFAC Continues Its Incremental Approach To Venezuela: New Licenses Facilitate Communications, Aviation, And Relief Activities
The U.S. Treasury's Office of Foreign Assets Control has issued a series of new general licenses that incrementally adjust Venezuela sanctions, creating targeted pathways for telecommunications services, aircraft safety operations, and earthquake relief activities. These authorizations maintain the broader sanctions framework while addressing specific operational and humanitarian needs, including a further delay in enforcement rights related to the PdVSA 2020 bond and its CITGO collateral.
Lewis Brisbois Bisgaard & Smith LLP
