Photo: LUIS ROBAYO / / AFP / Getty Images
The United States Department of the Treasury has authorized “some transactions” with the state-owned Petróleos de Venezuela (PDVSA), starting next year 2022.
It should be noted that Other operations with the state company of the southern country are still blocked . The new permit deals with the General License N 5H , which makes it clear that the transactions allowed will be those related to the “provision of financing and other transactions over 8.5% of the bond 2020 of PDVSA ”.
However, It is still prohibited for any US person or company to participate in transactions related to the sale, transfer, assignment or pledge as a guarantee by the Venezuelan government of any shareholding in an entity with 50% or more of ownership or relationship Ada with the Venezuelan government.
The License is signed by the director of the Office of Foreign Assets Control of the Department of the Treasury, Andrea Gacki.
This partial survey will allow a brief contact or rapprochement of US companies or businessmen with the country’s oil company Southerner.
This decision was published last 20 July, however, replaces the previous License from Friday 10 of September, just in the framework of the so-called dialogue between the Venezuelan government and a sector of the opposition to that government, that takes place in Mexico, with the participation of Norway.
In some way, this License that will be in force from 2022, prevents the bondholders 2020 from acting in c against the US subsidiary of the Venezuelan oil company, Citgo.
And it is probably related to the conditions of dialogue that were imposed by the Venezuelan president, Nicolas Maduro.
Previously, the Treasury Department has relaxed other measures and sanctions against the Maduro government. Among them: the licenses for the Venezuelan Professional Baseball League, so that Major League Baseball players can participate in local tournaments.
At the time, the bank was allowed central could carry out some transactions related to the Covid pandemic – 19. The export of propane gas to the southern country is also allowed, in order to help mitigate the shortage that has thousands of families cooking with firewood.
For one year the export of liquefied gas to Venezuela will be authorized. This type of relaxation of the sanctions imposed by former President Donald Trump has been argued by pointing out the importance of Venezuela being able to move its most important source of income, oil.
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