Statute
executive order 13884
12 published works
Cleary Foreign Investment and International Trade Watch
OFAC Continues Venezuela Sanctions Relief with Authorizations for Aircraft Safety, Earthquake Relief, and Easing of General License Governing Law Requirements
By Samuel H. Chang, Chase D. Kaniecki, Yulia A. Solomakhina, Ana Carolina Maloney, Kerry Mullins
On June 18, 2026, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued General License (GL) 59, authorizing the provision of goods, technology, software, or services…
Sanctions & Export Controls Update
OFAC Venezuela Developments: New Conviasa Aircraft General License, Reissued Venezuela Telecom/Mail and PdVSA Bond Authorizations, and Updated FAQ 595
By Alison J. Stafford Powell (US), Eunkyung Kim Shin (US), Rob O'Brien (US)
On June 18, 2026, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued three Venezuela-related general licenses and amended FAQ 595. The most notable development is…
FinTalk
OFAC Expands Venezuela Sanctions Relief: New General Licenses 56 and 57, and Guidance on Reporting Obligations
By Carlton Greene, Anand Sithian, Jeremy Iloulian, Edward Goetz
On April 14, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 56, “Authorizing Commercial-Related Negotiations of Contingent Contracts with the Government of…
International Trade Law
OFAC Expands Venezuela Sanctions Relief: New General Licenses 56 and 57, and Guidance on Reporting Obligations
By Carlton Greene, Anand Sithian, Jeremy Iloulian, Edward Goetz
On April 14, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela General License 56, "Authorizing Commercial-Related Negotiations of Contingent Contracts with the Government…
Cleary Foreign Investment and International Trade Watch
OFAC Authorizes Commercial Negotiations With the Government of Venezuela and Certain Financial Services
By Chase D. Kaniecki, Samuel H. Chang, Yulia A. Solomakhina, Ana Carolina Maloney, Kerry Mullins
On April 14, 2026, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued two new General Licenses (GL), GLs 56 and 57, authorizing commercial negotiations with…
Cleary Foreign Investment and International Trade Watch
OFAC Issues GL 52, Further Loosening Sanctions Against PdVSA
By Chase D. Kaniecki, Samuel H. Chang, Yulia A. Solomakhina, Ana Carolina Maloney, Kerry Mullins
On March 18, 2026, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued General License (GL) 52, authorizing certain transactions involving Petróleos de Venezuela, S.A. (PdVSA),…
International Trade Insights
Customs Confirms Scope of China IEEPA Tariffs and Removes, Then Reinstates, De Minimis Exemption for Most Low-Value Entries
Following President Trump’s removal of the de minimis exemption earlier this week, on Friday, February 7, 2025, President Trump issued an amendment to his original Executive Order and temporarily reinstated…
Sanction Law
Conviasa: Is OFAC Closing the Cabin Door?
Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) identified Consorcio Venezuelano de Industrias Aeronauticos y Servicios Aereos, S.A. (“Conviasa”) as blocked due to…
International Trade Law Compass
Certain Transactions with the Government of Venezuela are Authorized
On November 5, 2019 the Office of Foreign Assets Control (OFAC) issued two General Licenses (GLs) authorizing specific transactions involving the Government of Venezuela and categories of persons blocked by…
The Trade Practitioner
President Trump’s Aug. 5, 2019 Executive Order: “Blocking Property of the Venezuelan Government”
On August 5, 2019, President Trump signed a new Venezuela-related Executive Order (EO), which imposes additional sanctions on the government of Venezuela. Sanctions Authorized Specifically, Section 1 of the new EO imposes…