The United States is giving individuals and entities more time to wind down cert...
FILE PHOTO: An oil pumpjack painted with the colors of the Venezuelan flag is seen in Lagunillas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia
“OFAC is extending the expiration date of provisions relating to the wind down of certain financial contracts or other agreements involving, or linked to” certain listed bonds “or to certain Petroleos de Venezuela, S.A. securities,” the department said in a notice on its website, referring to Venezuelan state-oil firm PDVSA.
Washington this week revoked the visas of senior Venezuelan officials and said on Wednesday it had identified efforts by Maduro to work with foreign banks to move and hide money. The United States and more than 50 other countries have recognized opposition leader Juan Guaido as Venezuela’s interim president and increased pressure on Maduro, a socialist, to step down.
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