OFAC issues Venezuela-related General Licenses and FAQs

OFAC has posted a Notice that it has issued two Venezuela-related General Licenses and two new related FAQs.

• General License 8K, "Authorizing Transactions Involving Petróleos de Venezuela, S.A. (PdVSA) Necessary for the Limited Maintenance of Essential Operations in Venezuela or the Wind Down of Operations in Venezuela for Certain Entities"
• General License 41, "Authorizing Certain Transactions Related to Chevron Corporation’s Joint Ventures in Venezuela"
• FAQ 1098, "Does Venezuela General License (GL) 41 authorize U.S. persons to provide goods or services for Chevron Corporation’s (Chevron) operation and management of its joint ventures (JVs) in Venezuela?"
• FAQ 1099, "Do non-U.S. persons risk exposure to U.S. sanctions for facilitating transactions related to Chevron Corporation (Chevron) and its joint ventures in Venezuela that are authorized pursuant to Venezuela General License (GL) 41?"