GL-5W
SupersededAuthorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After June 19, 2026
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Summary
General License No. 5W 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 that 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 authorization takes effect on or after June 19, 2026. The license does not extend to any transactions or activities otherwise prohibited by the VSR or any other part of 31 CFR chapter V. It replaces and supersedes General License No. 5V in its entirety, effective May 4, 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 VSR, or any other part of 31 CFR chapter V.