economy
May 6, 2026
US Issues License to Advise on Venezuela and PDVSA Debt Restructuring
The US Treasury Department grants a license allowing entities to advise on the debt restructuring of Venezuela and PDVSA, although renegotiation or write-offs are not yet permitted.
TL;DR
- The US Treasury Department has issued General License 58.
- This license permits legal entities to advise Venezuela and PDVSA on debt restructuring.
- The authorized services include evaluating and preparing debt restructuring options and materials.
- Actual debt restructuring, renegotiation, transfer, or write-offs with Venezuela and PDVSA remain prohibited.
- This partial sanction relief is part of a broader US policy of easing restrictions in strategic sectors.
- The license follows the IMF's re-establishment of relations with Venezuela, but further financing is still complex.