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United States of America: Treasury authorises oil transactions with Venezuelan state oil company PDVSA

Description

On 18 March 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 52 (GL52), titled 'Authorising Certain Transactions In...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

18 Mar 2026

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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Threads

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