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 Venezuela-related Sanctions

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Frequently Asked Questions


OFAC has compiled hundreds of frequently asked questions (FAQs) about its sanctions programs and related policies. The link below sends the user to the entire list of OFAC's FAQs.  

Interpretive Guidance


OFAC issues interpretive guidance on specific issues related to the sanctions programs it administers.  These interpretations of OFAC policy are sometimes published in response to a public request for guidance or may be released proactively by OFAC in order to address a complex topic.  Applying for a Specific OFAC License
It may be in your and the U.S. government’s interest to authorize particular economic activity related to the Venezuela-related Sanctions.  Visit the link below to apply for an OFAC license.
General Licenses 

OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Venezuela.  General licenses allow all US persons to engage in the activity described in the general license without needing to apply for a specific license.  
  • General License 2A - Authorizing Certain New Debt, New Equity, and Securities Transactions Involving PDV Holding, Inc. and CITGO Holding, Inc.
  • General License 3F - Authorizing Transactions Related to, Provision of  Financing for, and Other Dealings in Certain Bonds
  • General License 4C - Authorizing Certain New Debt Transactions and Other Transactions Involving Certain Blocked Persons Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates
  • General License 5  - Authorizing Certain Transactions Related to the Petroleos de Venezuela SA 2020 8.5 Percent Bond
  • General License 6  - Authorizing Certain Activities Necessary to the Maintenance or Wind Down of Operations or Existing Contracts with Globovision Tele C.A. or Globovision Tele CA, Corp. 
  • General License 7C  - Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO Holding, Inc.
  • General License 8C  - Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for Maintenance of Operations for Certain Entities in Venezuela
  • General License 9E​ - Authorizing Transactions Related to Dealings in Certain Securities
  • General License 10A  - Authorizing the Purchase in Venezuela of Refined Petroleum Products from Petróleos de Venezuela, S.A. (PdVSA)
  • General License 12  - Authorizing Certain Activities Necessary to Wind Down Operations or Existing Contracts with Petróleos de Venezuela, S.A. (PdVSA)
  • General License 13C  - Authorizing Certain Activities Involving Nynas AB   
  • General License 14  - Official Business of the United States Government
  • General License 15B  - Authorizing Transactions Involving Certain Banks for Certain Entities
  • General License 16B - Authorizing Maintenance of U.S. Person Accounts and Noncommercial, Personal Remittances involving Certain Banks
  • General License 18A​ - Authorizing Certain Transactions Involving Integración Administradora de Fondos de Ahorro Previsional, S.A.
  • General License 20A - Authorizing Official Activities of Certain International Organizations Involving the Government of Venezuela
  • General License 21 - Entries in Certain Accounts for Normal Service Charges and Payments and Transfers to Blocked Accounts in U.S. Financial Institutions Authorized
  • General License 22 - Venezuela’s Mission to the United Nations
  • General License 23 - Third-country Diplomatic and Consular Funds Transfers Authorized
  • General License 24 - Certain Transactions Involving the Government of Venezuela Related to Telecommunications and Mail Authorized
  • General License 25 - Exportation of Certain Services, Software, Hardware, and Technology Incident to the Exchange of Communications over the Internet Authorized
  • General License 26 - Emergency and Certain Other Medical Services Authorized
  • General License 27 - ​Certain Transactions Related to Patents, Trademarks, and Copyrights Authorized
  • General License 28 - Authorizing Certain Activities Necessary to the Wind Down of Operations or Existing Contracts Involving the Government of Venezuela
  • General License 29 - Certain Transactions Involving the Government of Venezuela in Support of Certain Nongovernmental Organizations’ Activities Authorized
  • General License 30 - Authorizing Certain Transactions Involving the Government of Venezuela Necessary to Port and Airport Operations
  • General License 31 - Certain Transactions Involving the Venezuelan National Assembly, the Interim President of Venezuela, and Certain Other Persons Authorized
  • General License 32 - Authorizing Certain Transactions Related to Personal Maintenance of Individuals who are U.S. Persons Residing in Venezuela
  • General License 33 - Authorizing Overflight Payments, Emergency Landings, and Air Ambulance Services
  • General License 34​ - Authorizing Transactions Involving Certain Government of Venezuela Persons
  • Archive of Expired General Licenses​

Guidance on OFAC Licensing Policy


Certain activities related to the Venezuela-related Sanctions may be allowed if they are licensed by OFAC.  Below OFAC has issued guidance and statements on specific licensing policies as they relate to the Venezuela-related Sanctions.
Press Charts

OFAC releases press charts related to illicit activity in Venezuela

Legal Framework for the Venezuela-related Sanctions


The Venezuela-related Sanctions program represents the implementation of multiple legal authorities.  Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are published the Code of Federal Regulations (CFR).

Executive Orders

  • 13884 - ​Blocking Property of the Government of Venezuela - (August 5, 2019)
  • 13857​ - Taking Additional Steps to Address the National Emergency With Respect to Venezuela (January 25, 2019)
  • 13850 - Blocking Property of Additional Persons Contributing to the Situation in Venezuela (November 1, 2018)
  • 13835 - Prohibiting Certain Additional Transactions with Respect to Venezuela (May 21, 2018)
  • 13827 - Taking Additional Steps to Address the Situation in Venezuela (March 19, 2018)  
  • 13808 - Imposing Additional Sanctions with Respect to the Situation in Venezuela (August 24, 2017)
  • 13692 - Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela (March 8, 2015)

Determinations

Statutes

Code of Federal Regulations
Federal Register Notices
  • 80 FR 39676-15 - Final Rule Issuing the Venezuela Sanctions Regulations
Last Updated: 9/9/2019 10:34 AM