"The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 3C, 'Authorizing Transactions Related to, Provisions of Financing for, and Other Dealings in Certain Bonds,' and General License 9B, 'Authorizing Transactions Related to Dealings in Certain Securities.' Additionally, OFAC is revising FAQs 650, 661, and 662," the notice said.
The new licenses are valid until March 11, 2019. They will allow companies to conduct limited transactions related to debt dealings or equity in PDVSA to settle trades that were placed prior to February 1, 2019.
READ MORE: French Oil Giant Total Could Stay in Venezuela Despite US Sanctions — CEO
READ MORE: French Oil Giant Total Could Stay in Venezuela Despite US Sanctions — CEO
Tensions in Venezuela escalated when Guaido declared himself interim president on January 23, disputing last year's re-election of incumbent President Nicolas Maduro. Guaido's declaration was almost immediately recognized by the United States and some of its allies.
Russia, China, Mexico, Turkey and Uruguay have said that they consider Maduro to be Venezuela's legitimate president.
