VenezuelaRestructuring Desk
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    Local PressConfirmedMarch 18, 2026

    U.S. Broadly Authorizes Transactions with PDVSA, Waiving Many 2019 Sanctions

    OFAC issues sweeping general license easing restrictions on Venezuela's oil sector; does not fully lift the embargo.

    OFAC issues sweeping general license easing restrictions on Venezuela's oil sector; does not fully lift the embargo.

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