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New Venezuela-Related Frequently Asked Questions

The US Department of Treasury’s Office of Foreign Assets Control (OFAC) has published two new Frequently Asked Questions (FAQ) concerning economic sanctions adopted in August against the Government of Venezuela, under Executive Order (EO) 13808. The first FAQ explains the treatment of Petroleos de Venezuela, S.A. (PdVSA), a state-owned entity, under EO 13808. The second FAQ discusses US persons participating in meetings regarding the restructuring of PdVSA debt that existed prior to 24 August 2017, the effective date of EO 13808.

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