OFAC adds PdVSA to its sanctions list and simultaneously issues general licenses temporarily allowing certain transactions and activities involving PdVSA.
On January 28, the US Treasury Department’s Office of Foreign Assets Control (OFAC) added Petróleos de Venezuela, S.A. (PdVSA), Venezuela’s state-owned oil and natural gas company, to the Specially Designated Nationals and Blocked Persons List (SDN List). OFAC added PdVSA pursuant to Executive Order 13850, issued on November 1, 2018.
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