May 5, 2026: OFAC issues a new (!) Venezuela-related General License


This one is General License 58 (Authorizing Certain Services to the Government of Venezuela in Connection with Potential Debt Restructuring):

My take: as opposed to finding an exception to prohibitions and then licensing them, this GL seems very much about “repairing” the Venezuelan state, which it undoubtedly has needed after so many years of mismanagement. Nice to see.


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