The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44.
OFAC Rescinds Authorization for Certain Oil and Gas Transactions Involving Venezuela and Issues Wind-Down License lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
The Venezuela government is not happy after the Biden administration reinstated some of the sanctions it lifted after President Nicolas Maduro broke his promise.
The Biden administration began reinstating sanctions against Venezuela on Monday after Nicolas Maduro broke one of their agreements on a free and fair election.
Venezuela may have some of its sanctions reinstated as the US is now reviewing its partial lifting of sanctions for the country after Maria Corina Machado's ban was reaffirmed.