US opens limited path for commercial deals and financial services in Venezuela
OFAC removed one individual from its Venezuela-related sanctions list and issued two Venezuela general licenses and a related FAQ on April 14, 2026. The agency also published a TSRA quarterly licensing report covering October through December 2025.
WASHINGTON, April 14, 2026 — OFAC removed one individual from the Specially Designated Nationals and Blocked Persons List under its Venezuela program and issued two Venezuela-related general licenses alongside a new frequently asked question.
The removed individual was Reinaldo Enrique Munoz Pedroza, who had been listed under the Venezuela sanctions program. OFAC said no unrelated administrative list changes were made.
The new measures include Venezuela General License 56, which authorizes commercial-related negotiations of contingent contracts with the Government of Venezuela, and Venezuela General License 57, which authorizes financial services transactions involving certain Venezuelan banks and Government of Venezuela individuals. OFAC also issued Venezuela-related FAQ 1248.
Separately, OFAC published a quarterly report of licensing activities under Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000, covering activities undertaken from October through December 2025. OFAC said that under its TSRA-related regulations, it processes license applications seeking authorization to export agricultural commodities, medicine and medical devices to Iran under the specific licensing regime set out in Section 906 of the law.
Regulatory Actions
Structured data extracted from official sources and validated by sanctions experts