OFAC on sanctions regulations related to PDVSA 8.5% bond [pdf download]

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 20.Jun.2025, Words: 75) — The US Office of Foreign Assets Control (OFAC) released new details authorizing certain transactions related to the Petróleos de Venezuela, S.A. (PDVSA) 2020 8.5% bond on or after 20 Dec. 2025.

The authorization relates to general license no. 5S, OFAC revealed on 20 Jun. 2025 in an official statement.