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OFAC amends Venezuelan General License authorizing transactions with PdVSA

On 26 July 2019 the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published an amended General License relating to Venezuela. General License 8B, “Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for Maintenance of Operations for Certain Entities in Venezuela” replaces General License 8A. General License 8B is effective 26 July 2019 and expires on 25 October 2019.

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