OFAC Continues to Delay Effective Date of Venezuela-Related GL
The Office of Foreign Assets Control Jan. 16 again extended a general license that continues to delay an exemption that would authorize certain transactions related to Petroleos de Venezuela, S.A. General License 5N, which replaced GL 5M, now authorizes certain…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
transactions with PdVSA involving an 8.5% bond on or after April 16. The previous license was set to allow those transactions to occur on or after Jan. 18.