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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 1 - Authorizing Certain Activities Necessary to Wind Down Existing Contracts
  • General License 2 - Authorizing Certain Transactions Involving CITGO Holding, Inc.
  • General License 3 - Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds
  • Annex to General License 3
  • General License 4 - Authorizing New Debt Transactions Related to the Exportation or Reexportation of Agricultural Commodities, Medicine, Medical Devices, or Replacement Parts and Components
  • General License 5  - Authorizing Certain Transactions Related to the Petroleos de Venezuela SA 2020 8.5 Percent Bond

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.
  • Licenses for Legal Fees and Costs - Guidance on the Release of Limited Amounts of Blocked Funds for Payment of Legal Fees and Costs Incurred in Challenging the Blocking of U.S. Persons in Administrative or Civil Proceedings
  • Entities Owned By Blocked Persons - Guidance On Entities Owned By Persons Whose Property And Interests In Property Are Blocked

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

  • 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 Deal with 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)


Code of Federal Regulations
Federal Register Notices
  • 80 FR 39676-15 - Final Rule Issuing the Venezuela Sanctions Regulations
Last Updated: 11/7/2018 12:39 PM