GL-5Y
SupersededAuthorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or After September 17, 2026
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Summary
General License No. 5Y 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 September 17, 2026, that would otherwise be prohibited by subsection l(a)(iii) of Executive Order 13835, as amended. The license does not authorize any transactions or activities otherwise prohibited by the Venezuela Sanctions Regulations or any other part of 31 CFR chapter V. It replaces and supersedes General License No. 5X, dated June 18, 2026, effective August 3, 2026.
Authorized activities
- All transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after September 17, 2026
- Provision of financing for the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after September 17, 2026
- Other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after September 17, 2026
Conditions
This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V. Authorized transactions related to the bond are only permitted on or after September 17, 2026.