The Daily Journal.- The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) extended through November 5 the protection that prevents holders of Petróleos de Venezuela (PDVSA) 2020 bonds from seizing, without specific authorization, the Citgo shares that serve as collateral for the debt. OFAC adopted the measure through General License 5Z, which it issued […]
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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three new general licenses on Wednesday that expand authorized operations in Venezuela’s coal, gold and other mineral sectors, opening the door to trade, technology supplies and negotiations for future investments. The measures, identified as General Licenses 51D, 54C and […]
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Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]
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The Daily Journal.— Following the events of January 3, 2026, and amid changing relations between Venezuela and the United States, the fate of Venezuelan state funds frozen abroad has once again become a major issue. According to Bloomberg, Washington is considering a partial release of frozen assets, estimated at between $20 billion and $30 billion, […]
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The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 5Y on Monday, authorizing certain transactions related to the 8.5% PDVSA 2020 bond, effective September 17, 2026. The new license replaces General License 5X, which OFAC issued on June 18, 2026, and which had set August […]
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The Daily Journal — A Florida court has scheduled the start of former minister Alex Saab’s trial for September 8. U.S. prosecutors charge him with money laundering, conspiracy to conduct financial transactions, and concealing the origin of illicit funds. Saab, whom authorities identify as an alleged frontman for Nicolás Maduro, recently entered a not guilty […]
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The Daily Journal — Venezuela’s current National Assembly and Dinorah Figuera, president of the 2015 National Assembly, will take part in a new round of political negotiations. Figuera returned to Venezuela on June 18 after spending eight years in exile. She accepted an invitation from the U.S. Department of State to discuss Venezuela’s political transition. […]
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The Daily Journal. — The U.S. Government Accountability Office (GAO) has launched an investigation into the fund through which the Donald Trump administration manages revenue generated from Venezuelan oil exports. Representatives Joaquín Castro and Sean Casten, along with Senators Chris Van Hollen and Tim Kaine, requested the investigation. They are seeking information about the accounts […]
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The Daily Journal. — Caleb Orr, the U.S. Assistant Secretary of State for Economic, Energy, and Business Affairs, met with Acting President Delcy Rodríguez in Caracas on Wednesday. Two weeks earlier, members of the U.S. Congress questioned Orr about the management of revenue generated from the sale of Venezuelan oil. Caracas announced that Rodríguez held […]
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The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]
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