OFAC Postpones Effective Date Of Venezuela General License
| Published date | 21 July 2020 |
| Subject Matter | International Law, Compliance, Export Controls & Trade & Investment Sanctions |
| Law Firm | Cadwalader, Wickersham & Taft LLP |
| Author | Mr Cadwalader, Wickersham & Taft LLP |
OFAC postponed the effective date for certain transactions relating to the Petróleos de Venezuela, S.A 2020 8.5 Percent Bond ("PdVSA" 2020 8.5 Percent Bond) to October 20, 2020. Effective immediately, the new General License 5D replaces and supersedes General License 5C.
Additionally, OFAC amended a related FAQ to reflect the new effective date.
Primary Sources
- OFAC Press Release: Issuance of Venezuela-Related General License 5D and Amended Frequently Asked Question
- OFAC General License No. 5D: Authorizing Certain Transactions Related to the Petróleos...
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