Frequently Asked Questions

… of Venezuela, or persons in which the Government of Venezuela owns, directly or indirectly, a 50 percent or greater interest. U.S. persons are not prohibited from engaging in transactions … the definition of Government of Venezuela and persons that are owned, directly or… Read more

… sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, a 50 percent or greater interest? … sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, a 50 percent or greater interest? …

… Belaruskali OAO, or any entity in which Belaruskali OAO owns, directly or indirectly, a 50 percent or greater interest, subject to the terms of the license.  GL 4 does not authorize the … Belaruskali OAO, or any entity in which Belaruskali OAO owns, directly or indirectly, a… Read more

… Entities Directive, or their property or interests in property, which includes entities 50 percent or more owned, directly or indirectly, individually or in the aggregate, by one or … Does the 50 Percent Rule apply to Directive 3 under Executive Order (E.O.)… Read more

Entities not identified in the Annex to GL 50A can rely on other authorizations to support the development of oil or gas projects in Venezuela. For example, such companies can enter into contingent contracts for new investments in the Venezuela oil or gas sectors pursuant to GL 49 and submit a… Read more

… Bonds issued by PdVSA or any entity in which it owns, directly or indirectly, a 50 percent or greater interest that was previously listed in the Annex to General License 3 (this … de Venezuela, S.A. (PdVSA) bonds, or bonds issued by any entity directly or indirectly owned… Read more

… or petroleum products in which PdVSA or any entity in which it owns, directly or indirectly, a 50 percent or greater interest has a direct or indirect interest will be prohibited for U.S. … or non-cash agreement owed to PdVSA or any entity in which it owns, directly or indirectly… Read more

… involving GAZ Group, or any entity in which GAZ Group owns, directly or indirectly, a 50 percent or greater interest, and that were in effect prior to April 6, 2018, GL 15L only … involving GAZ Group and any entity in which GAZ Group owns, directly or indirectly, a 50… Read more

… or entities designated under E.O. 13661 or E.O. 13662, or blocked pursuant to OFAC’s 50 percent rule on April 6, 2018 as a result of such a designation? … or entities designated under E.O. 13661 or E.O. 13662, or blocked pursuant to OFAC’s 50 percent rule on… Read more

… relief to GAZ Group or any other entity in which GAZ Group owns, directly or indirectly, a 50 percent or greater interest? … relief to GAZ Group or any other entity in which GAZ Group owns, directly or indirectly, a 50 percent or greater interest? …