The Daily Journal — The United States has restructured its sanctions regime on Venezuela by issuing four new general licenses that expand operating opportunities for U.S. and allied companies in the country’s oil, petrochemical, natural gas, and electricity sectors under a framework of financial oversight and geopolitical restrictions. The U.S. Department of the Treasury’s Office […]
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The Daily Journal — U.S. corporations may now supply goods, technology, software, and services to Venezuela’s mining industry under General License No. 54A issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The measure took effect on June 10, 2026, under the signature of Director Bradley T. Smith. It amends […]
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The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 50B. This measure selectively authorizes six major global energy corporations and their subsidiaries to maintain and conduct oil and gas operations in Venezuela. OFAC Director Bradley T. Smith signed the regulatory instrument, which took […]
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The Daily Journal — The United States government has eased part of the sanctions imposed on Venezuela’s mining sector by allowing U.S. companies to trade, transport, and purchase Venezuelan minerals, including gold, under a new oversight and compliance framework established by the Treasury Department. The Office of Foreign Assets Control (OFAC) formalized the measure through […]
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