OFAC Extends License Allowing Certain Transactions With PdVSA
The Office of Foreign Assets Control on Oct. 6 extended a general license related to Petroleos de Venezuela and updated a frequently asked question. General License No. 5E, which replaced No. 5D (see 2007150018), authorizes certain transactions with PdVSA involving…
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an 8.5% bond on or after Jan. 19, 2021. OFAC updated a Venezuela FAQ to reflect the change. The license was scheduled to expire Oct. 20.