MARKET STRUCTURE · COMPETITIVE · LATIN AMERICA
U.S. expands Venezuela sanctions waivers
Change
On March 13, 2026, the United States issued three updated general licenses expanding waivers to Venezuela sanctions.
Why it matters
On March 13, 2026, the United States issued three updated general licenses. The licenses revise several Venezuela-related authorizations to support revitalization of Venezuela's energy sector and to help ensure a well-supplied global commodity market. The authorizations expand permitted investment and activities in Venezuela's energy industry. The licenses allow the export of fertilizer directly to the United States.
Implications
- • Energy-sector investments and operational activities in Venezuela that meet the licenses' terms are authorized despite existing sanctions.
- • Fertilizer shipments from Venezuela to U.S. buyers are permitted when they comply with the license conditions.
- • Authorization status for banks, payment processors, and transaction processors is determined by the updated license criteria.
Who is affected
- • Energy-sector investors and operators
- • Fertilizer exporters and agricultural suppliers
- • Banks and payment processors
- • Corporate compliance and legal teams
What to watch
- • Effective date: March 13, 2026
Source
Topics
Business & Markets Agriculture Energy & Power Oil & Gas Finance & Banking Financial Services