Ofac Authorizes More Business with Pdvsa, but Blocks Changes in Citgo's Board
6 Articles
6 Articles
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department issued on Monday General License No. 52C, which updates and replaces the previous GL 52B, concerning transactions with Petróleos de Venezuela, S.A. (PDVSA) and its controlled entities. The reform, published on the same day, maintains the authorization of [...]
News of the Day and the Hour Latest News of today The Office of Control of Foreign Assets (OFAC) of the U.S. Treasury Department issued on September 14 the General License No.52C, the... The news OFAC issues license that enables U.S. entities to carry out operational and commercial transactions with PDVSA was first published in News of the Day and the Hour Latest News of today
The Treasury Department clarified that, while previously prohibited transactions are authorized, the document “does not authorize” reconciliation agreements or the enforcement of embargoes on blocked assets, explicitly excluding debt-related transactions, sanctioned vessels and shareholdings.
On Monday, the U.S. Treasury Department authorized new transactions between U.S. companies and Venezuela’s Petroleums (Pdvsa), making the sanctions against the state even more flexible. The Office of Foreign Assets Control (OFAC) issued General License No. 52C. The document “authorizes certain transactions” with Pdvsa and its subsidiaries, enabling [...] The entry Department of the Treasury makes the sanctions against Pdvsa even more flexible wa…
The Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department published a new regulation on Monday, September 14, replacing General License 52B in its entirety; it is General License 52C that extends the authorization of transactions with Pdvsa and companies in the U.S.. The entry License OFAC establishes new conditions for Pdvsa and expands transactions with the U.S. was first published in Decryption. Source: Decrypted
www,finanzasdigital.com The Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department published on September 14 General License 52C, which... The post OFAC expands authorization for transactions of U.S. companies with Pdvsa appeared first on Digital Finance.
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