US Authorizes Transactions With Venezuela’s PDVSA Through July 21, 2021

WASHINGTON (Sputnik) – The US authorities has issued a license authorizing transactions with Venezuela’s state oil firm Petroleos de Venezuela (PDVSA) till June 21, 2021, the Department of the Treasury stated in a discover on Wednesday.

This normal license doesn’t authorize any transactions or actions prohibited by different paperwork, the discover added.

At the identical time, the US Treasury Department stated in a discover that the US has approved a wind-down interval for transactions with the Russian automotive conglomerate GAZ Group till January 26, 2022.

The normal license doesn’t authorize unblocking of sure property and particular sorts of transactions between US individuals and the GAZ Group. The earlier deadline for chopping ties with the GAZ Group was January 22, 2021.

The United States imposed sanctions on the GAZ Group final April, however has since issued a number of normal licenses permitting US buyers to proceed conducting restricted transactions with the Russian auto-maker.

The GAZ Group is a part of Russian businessman Oleg Deripaska’s enterprise empire. The United States focused the automaker together with Deripaska’s firms Rusal and EN+ Group over what Washington has described as Russia’s “malign activities” in Ukraine.

In January 2019, the US Treasury Department lifted the sanctions on EN+ and Rusal.


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