Frequently Asked Questions

1267. Do certain Venezuela General Licenses (e.g., 46D, 47B, 48B, 50C, 51C, 52B, 54B, and 61A) require a choice of law provision in contracts with the Government of Venezuela?

No. Effective August 27, 2026, parties seeking to enter into a contract authorized by certain Venezuela General Licenses (GLs) (e.g., 46D , 47B , 48B , 50C , 51C , 52B , 54B , and 61A ) with the Government of Venezuela (GOV) or certain other blocked persons (e.g., Petróleos de Venezuela, S.A. in GL… Read more

1247. Do non-U.S. persons face sanctions risk for engaging in transactions authorized by General Licenses (GL) 46B, 51A, and 52?

No, provided that non-U.S. persons comply with certain conditions outlined in GLs 46B , 51A , and 52 , as described below. Subject to certain conditions, GLs 46B, 51A, and 52 authorize established U.S. entities to engage in certain transactions involving Petróleos de Venezuela, S.A. (PdVSA), as… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence