10 Sep 2025
⛽General License 40D
Publication of Venezuela Sanctions Regulations Web General License 40D
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL40D, which was previously made available on OFAC's website.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The text outlines General License 40D, which permits specific transactions related to the delivery of liquefied petroleum gas in Venezuela, offering businesses opportunities for legal engagement in the Venezuelan market previously restricted by sanctions. This enables certain financial activities that would typically be illegal, thereby influencing compliance and regulatory planning.