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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 3E - Authorizing Transactions Related to, Provision of Financing for, and Other Dealings in Certain Bonds​
  • General License 4B - 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
  • 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 7A  - Authorizing Certain Activities Involving PDV Holding, Inc. and CITGO Holding, Inc.
  • General License 8  - Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Prohibited by Executive Order 13850 for Certain Entities Operating in Venezuela
  • General License 9D​ - Authorizing Transactions Related to Dealings in Certain Securities
  • General License 10  - Authorizing the Purchase in Venezuela of Gasoline from Petróleos de Venezuela, S.A. (PdVSA)
  • General License 11  - Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with 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 13  - Authorizing Certain Activities Involving Nynas AB   
  • General License 14  - Official Business of the United States Government
  • General License 15AAuthorizing Transactions Involving Certain Banks Prohibited by Executive Order 13850 for Certain Entities
  • General License 16A - Authorizing Maintenance of U.S. Person Accounts and Noncommercial, Personal Remittances involving Certain Banks
  • General License 17 -  Authorizing Certain Activities Necessary to Wind Down of Operations or Existing Contracts with Certain Banks
  • General License 18​Authorizing Certain Transactions Involving Integracion Administradora de Fondos de Ahorro Previsional, S.A.
  • General License 19 - Authorizing Certain Activities Necessary to the Wind Down of Operations or Existing Contracts Involving Banco Central de Venezuela
  • General License 20 - Authorizing Official Activities of Certain International Organizations Involving Banco Central de Venezuela
  • 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.
  • 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
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

  • 13857​ - Taking Additional Steps to Address the National Emergency With Respect to Venezuela (January 28, 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 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)

Statutes

Code of Federal Regulations
Federal Register Notices
  • 80 FR 39676-15 - Final Rule Issuing the Venezuela Sanctions Regulations
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Last Updated: 4/17/2019 2:03 PM