United States: OFAC Reimposes Venezuela Oil And Gas Sector Sanctions But Leaves Door Open For Possible Specific Licensing - Akin Gump Strauss Hauer & Feld LLP

On April 17, 2024, based on a determination by the U.S. government that Nicolás Maduro and his representatives "have not fully met the commitments made" with respect to upcoming Venezuelan elections, the U.S. Department of the Treasury's OFAC replaced GL 44.