Venezuela: The Easing of Sanctions by OFAC and EU
19 December 2023

On 18 October, the Biden administration eased US sanctions on the Venezuelan oil and gas sector, with new general licences being issued by the Office of Foreign Assets Control authorising certain types of transactions with specific Venezuelan entities.

What are the main licences and what approach is the Council of the EU taking?

Our Shipping, Transport & Logistics Focus Team answers those questions and more in the newsletter available here.