Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GL 5X a...
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GL 5X and 5Y, each of which was previously made available on OFAC's website.
DATES:
GL 5X was issued on June 18, 2026. See
SUPPLEMENTARY INFORMATION
for additional relevant dates.
This document and additional information concerning OFAC are available on OFAC's website:
ofac.treasury.gov/.
Background
On June 18, 2026, OFAC issued GL 5X to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations, 31 CFR part 591. GL 5X replaced and superseded GL 5W. On August 3, 2026, OFAC issued GL 5Y, which replaced and superseded GL 5X. These GLs were made available on OFAC's website (
ofac.treasury.gov) when they were issued. The text of these GLs is provided below.
Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After August 4, 2026
(a) Except as provided in paragraph (b) of this general license, on or after August 4, 2026, all transactions related to, the provision of financing for, and other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized.
(b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V.
(c) Effective June 18, 2026, General License No. 5W, dated May 4, 2026, is replaced and superseded in its entirety by this General License No. 5X.
Lisa M. Palluconi,
Deputy Director, Office of Foreign Assets Control.
Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After September 17, 2026
(a) Except as provided in paragraph (b) of this general license, on or after September 17, 2026, all transactions related to, the provision of financing for, and other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized.
(b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V.
(c) Effective August 3, 2026, General License No. 5X, dated June 18, 2026, is replaced and superseded in its entirety by this General License No. 5Y.
Use this for formal legal and research references to the published document.
91 FR 60304
Web Citation
Suggested Web Citation
Use this when citing the archival web version of the document.
“Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y,” thefederalregister.org (September 23, 2026), https://thefederalregister.org/documents/2026-19422/publication-of-venezuela-sanctions-regulations-web-general-licenses-5x-and-5y.
ofac.treasury.gov/contact-ofac
31 CFR part 591