Opportunity
Federal Register #2026-20012
OFAC General License 5W for transactions involving a Petroleos de Venezuela bond
Buyer
U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)
Posted
September 30, 2026
Identifier
2026-20012
The U.S. Department of the Treasury’s Office of Foreign Assets Control issued a sanctions license concerning a Venezuelan bond, not a procurement opportunity. - Issuing agency: U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC). - Regulatory reference: General License 5W under the Venezuela Sanctions Regulations, 31 CFR Part 591. - Subject: Certain transactions related to the Petroleos de Venezuela, S.A. 2020 8.5 Percent Bond are authorized, subject to stated exceptions. - Supersedes: General License 5V. - Procurement: No products or services, quantities, part numbers, or vendors are requested. Petroleos de Venezuela, S.A. is identified as the bond issuer, not as a supplier.
Description
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License 5W under the Venezuela Sanctions Regulations, 31 CFR Part 591. The license was issued on May 4, 2026, and had previously been made available on OFAC’s website. It authorizes certain transactions related to the Petroleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after June 19, 2026, subject to stated exceptions. General License 5W replaced and superseded General License 5V.