Frequently Asked Questions

659. Does Venezuela-related General License 12 authorize U.S. persons to export goods, services, and technology from the United States to Petróleos de Venezuela, S.A. (PdVSA) or any entity in which it owns, directly or indirectly, a 50 percent or greater interest during the wind-down period?

… General License 12 authorizes, until 12:01 a.m. eastern standard time, February 27, 2019, all … Does Venezuela-related General License 12 authorize U.S. persons to export goods, services, and technology from the … General License 12 authorizes… Read more

1025. Executive Order (E.O.) 14068, “Prohibiting Certain Imports, Exports, and New Investment With Respect to Continued Russian Federation Aggression” prohibits the importation into the United States of fish, seafood, and preparations thereof of Russian Federation origin. How does this affect Russia-related General License (GL) 6C?

… and preparations thereof of Russian Federation origin. How does this affect Russia-related General License (GL) 6C? … and preparations thereof of Russian Federation origin. How does this affect Russia-related General License (GL) 6C? …

800. May persons subject to U.S. jurisdiction import Cuban-origin pharmaceuticals into the United States?

… approval from the U.S. Food and Drug Administration (FDA) of Cuban-origin pharmaceuticals. The general license includes discovery and development, pre-clinical research, clinical research, regulatory review, regulatory approval and licensing, regulatory post-… Read more

733. Is a bank, credit union, or money services business (MSB) such as a money remitter permitted to process my authorized remittances to or from Cuba?

… Yes. Pursuant to a general license at 31 CFR § 515.572(a)(3) , banking institutions, as defined in 31 CFR § 515.314 , … on the State Department’s Cuba Restricted List . For a complete description of what the OFAC general license authorizes and the restrictions… Read more

658. Can U.S. persons purchase, or engage in other transactions including swaps and non-cash transactions involving the purchase or exchange of, petroleum and petroleum products, if Petróleos de Venezuela, S.A. (PdVSA) or any entity in which it owns, directly or indirectly, a 50 percent or greater interest is not directly involved in the transaction?

… After 12:01 a.m. eastern daylight time, April 28, 2019, as described in Venezuela-related General License 7 and General License 12, any transactions (including swaps and non-cash transactions) involving the … indirect interest will be prohibited for U.S. persons… Read more

1218. How is Treasury planning to implement the President’s February 26 announcement on energy-related authorizations in Venezuela?

… Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate. We will issue additional guidance to assist implementation concurrent … Treasury is preparing to take action to wind-down General License… Read more

954. Are purchases of fuel, payment for telecommunications services, payment for security services, payment of rent, and payment of utilities by nongovernmental organizations (NGOs) considered ordinarily incident and necessary to authorized activities under Afghanistan-related General Licenses (GLs) 14, 15, and 19? Are such transactions covered by Afghanistan-related GL 20?

… effecting the payment of taxes, fees, or import duties, or the purchase or receipt of permits, licenses, or public utility services related to the authorized activities as described in the … ordinarily incident and necessary to authorized activities under Afghanistan-related… Read more

959. Is support to public hospitals in Afghanistan (e.g., health services, facilities maintenance, and health worker salaries) by nongovernmental organizations (NGOs) considered ordinarily incident and necessary to authorized activities under Afghanistan-related General Licenses (GLs) 14, 15, and 19? Are such transactions covered by Afghanistan-related GL 20?

… amended, because of transactions with the Taliban and/or Haqqani Network are authorized under General Licenses (GLs) 14 , 15 , and 19 . In addition, OFAC has issued Afghanistan-related GL 20 … ordinarily incident and necessary to authorized activities under Afghanistan-related… Read more

1140. In light of the designation of Orka Holding, are U.S. persons authorized to engage in transactions related to the provision of medicine, medical devices, and medical services involving Orka Holding and its subsidiaries?

… Yes. As a general matter, humanitarian trade is not the target of U.S. sanctions. Concurrent with the designation of Orka Holding AD, OFAC issued Western Balkans General License (GL) 3 , which authorizes all transactions involving Orka Holding… Read more

766. What types of payment or financing terms may be utilized for authorized exports and reexports of items other than agricultural commodities to Cuba?

… open account; and financing by U.S. or third-country financial institutions. OFAC has issued a general license authorizing banking institutions to provide financing for such authorized exports … of credit, and processing documentary collections. For a complete description of what… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence