Issuance of Venezuela-related General License 5I and Updated Frequently Asked Question; Issuance of Amended Transnational Criminal Organizations Sanctions Regulations; Amendment of the definition of the term “Applicable Schedule Amount”

U.S. Department of the Treasury sent this bulletin at 01/20/2022 02:35 PM EST

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Issuance of Venezuela-related General License 5I and Updated Frequently Asked Question; Issuance of Amended Transnational Criminal Organizations Sanctions Regulations; Amendment of the definition of the term “Applicable Schedule Amount”

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5I, "Authorizing Certain Transactions Related to the
Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After January 20, 2023." In addition, OFAC is updating related Frequently Asked Question 595.

In addition, OFAC is amending the Transnational Criminal Organizations Sanctions Regulations and reissuing them in their entirety. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on January 21, 2022.

In addition, OFAC is amending the definition of "applicable schedule amount" contained in appendix A to 31 CFR part 501​. This technical amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on January 21, 2022.

For the OFAC Recent Actions notice, please visit this page.