GL-5U
SupersededAuthorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After March 20, 2026
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Summary
General License No. 5U authorizes all transactions related to, the provision of financing for, and other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after March 20, 2026. These transactions would otherwise be prohibited by subsection l(a)(iii) of Executive Order 13835, as amended by E.O. 13857, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591. This license replaces and supersedes General License No. 5T in its entirety, effective February 2, 2026.
Authorized activities
- All transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond
- Provision of financing for the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond
- Other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond
Conditions
The license does not authorize any transactions or activities otherwise prohibited by the Venezuela Sanctions Regulations (VSR) or any other part of 31 CFR chapter V.