US Treasury Department expands Venezuela sanctions waivers for oil and fertilizer exports
→Investment teams must meet updated US license terms before Venezuelan oil or fertilizer deals
Change
US Treasury updated three Venezuela-related general licenses on March 13, 2026 and bound oil-sector investments and fertilizer export transactions to the licenses' terms.
Why it matters
Updated waivers define authorized investment and export activity in Venezuela's energy and fertilizer sectors. Deal parties must meet the waivers' terms before relying on license coverage.
Implications
- — Energy investors must obtain license coverage before committing capital or face US sanctions enforcement.
- — Correspondent banks must verify license references on Venezuelan payment filings or face sanctions exposure.
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Source
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