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Global Trade Alert

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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

G: Finance 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

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Affected Sectors

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Affected Products

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