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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EFE – Prosecutors in the U.S. District Court for the Southern District of New York proposed Tuesday that the trial of former Venezuelan President Nicolás Maduro and his wife, Cilia Flores, who face drug trafficking charges, begin in June 2027, according to a filing submitted to a federal court in New York. The proposal comes […]
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EFE — Tom Fletcher, the United Nations’ humanitarian chief, told EFE on Wednesday that governments should ease sanctions on Venezuela to ensure they do not hinder humanitarian assistance or the country’s recovery efforts following the twin earthquakes. “It is always important for us to have humanitarian exemptions so that nothing required for humanitarian support falls […]
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The Daily Journal. — The U.S. Department of the Treasury issued a general license Thursday that temporarily authorizes transactions related to humanitarian relief efforts following the earthquake in Venezuela, partially easing restrictions under the country’s sanctions program. The Office of Foreign Assets Control (OFAC) issued General License No. 60, allowing “all transactions related to earthquake […]
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