Frequently Asked Questions

595. What does Venezuela-related General License 5Z authorize?

The President issued Executive Order (E.O.) 13835 on May 21, 2018. Subsection 1(a)(iii) of E.O. 13835 prohibits U.S. persons from engaging in transactions related to the sale, transfer, assignment, or pledging as collateral by the Government of Venezuela (GOV) of any equity interest in an entity… Read more

1263. Does General License (GL) 60A require that payments to the Government of Venezuela be made into the Foreign Government Deposit Funds Account (FGDF)?

No. GL 60A authorizes all transactions related to earthquake relief efforts in Venezuela under the Venezuela Sanctions Regulations, which includes payment of taxes, tolls, and fees to the Government of Venezuela connected with such relief efforts. Payments related to earthquake relief that are… Read more

Frequently Asked Questions

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