MARKET STRUCTURE · REGULATORY · USA
US Treasury issues licence allowing Venezuelan gold sales to US
Change
On 6 Mar 2026, the US Treasury issued a limited licence allowing Venezuela’s state-run miner Minerven and its subsidiaries to export, transport, and sell Venezuelan gold to the United States.
Why it matters
The licence covers Minerven and its subsidiaries. It authorises exporting, transporting, and selling Venezuelan gold to the US within the licence’s limits. It prohibits exchanging Venezuelan gold with Cuba, North Korea, Iran, or Russia. It requires payments to sanctioned individuals to flow through Treasury Foreign Government Deposit Funds accounts.
Implications
- • Minerven and its subsidiaries can execute covered gold export, transport, and sale transactions to the US under the licence limits.
- • Venezuelan gold transactions cannot involve exchanges with Cuba, North Korea, Iran, or Russia.
- • Payments to sanctioned individuals in covered transactions must be routed through Treasury Foreign Government Deposit Funds accounts.
Who is affected
- • State-owned mining operators and subsidiaries
- • Gold importers and commodity traders
- • Banks and payments operations teams
- • Sanctions compliance teams
Source
Topics
World & Politics Trade & Tariffs Law & Public Safety Regulatory Actions Compliance