OFAC Authorizes Certain Venezuela-Related Transactions Necessary For Port And Airport Operations
| Published date | 09 February 2021 |
| Law Firm | Cadwalader, Wickersham & Taft LLP |
| Author | Mr Cadwalader, Wickersham & Taft LLP |
OFAC amended a General License authorizing certain transactions and activities "ordinarily incident and necessary to operations or use of ports and airports in Venezuela." General License No. 30A now covers transactions that involve the Instituto Nacional de los Espacios Acuaticos ("INEA"), which was sanctioned by OFAC on January 19, 2021. (Previously, General License 30 covered only transactions and activities involving the Government of Venezuela.) The authorization applies to transactions that...
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