US authorized foreign companies to operate with PDVSA under specific conditions
The United States Department of the Treasury reported that non-U.S. companies will be able to carry out authorized transactions with PDVSA
TL;DR
- Non-U.S. companies can conduct authorized transactions with PDVSA.
- Import of Venezuelan oil, petrochemicals, or minerals to third countries is permitted under conditions.
- Transactions are prohibited if they involve persons or entities linked to Russia, Iran, North Korea, and Cuba.
- Companies owned or controlled by actors from these nations are excluded from these transactions.
- Non-compliance with the conditions will result in sanctions.