Russia-related Designations Removals; Counter Narcotics Designation Removal; Issuance of Amended Venezuela General License
Important: This summary was automatically generated by AI from a public-domain government source. It is provided for general information only. It is not legal, compliance, or professional advice and may contain errors, omissions, or out-of-date information. Where IMO numbers appear in the summary, they may be hyperlinked to the corresponding entry in our sanctioned-vessels database for convenience, these links are direct citations, not editorial assertions. Always verify against the official source before making any compliance, commercial, or legal decision. Read our news policy.
Key facts
Source:US Treasury OFAC (U.S. Government work, public domain)
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced several updates to its sanctions programs, including changes to Venezuela-related regulations and the removal of specific entities and individuals from the Specially Designated Nationals (SDN) List.
Regarding Venezuela, OFAC issued General License 5Z, which provides authorization for certain transactions involving the Petróleos de Venezuela, S.A. 2020 8.5 percent bond on or after November 5, 2026. The agency also released an updated Frequently Asked Question (FAQ 595) related to Venezuelan sanctions.
The Treasury Department also implemented deletions to the SDN List. Removed from the list are Jose Raul Vega Sanchez, an individual associated with several Mexican entities including Agricola Gaxiola S.A. de C.V., Inmuebles Sierra Vista S.A. de C.V., and Temple Del Pitic S.A. de C.V.
Additionally, two designations related to the Russia-EO14024 sanctions program were removed. These include Swiss national Hans Peter Bomatter and the Turkish company Modulsan Makina Kesici Takim Ve Disli Sanayi Ticaret Limited Sirketi.
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