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 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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The Daily Journal.- As part of its new strategy to modernize the financial control system, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury formally removed from its Specially Designated Nationals and Blocked Persons (SDN) List a group of oil tankers that had been sanctioned for being part of the […]
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