OFAC Revokes General License 44 Related to Venezuela's Oil and Gas Sector
By EsqSocial Corporation 22/04/24
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44 (GL 44). On Oct. 18, 2023, OFAC suspended certain sanctions measures on Venezuela's oil and gas sector operations, including transactions involving Petróleos de Venezuela S.A. (PDVSA), through…...
By: Holland & Knight LLP