USA lifts sanction to PDVSA’s 2020 bonds

The United States Department of the Treasury (US) raised this Thursday an exception to the sanctions on the 8.5 bonds of the state oil company Petróleos de Venezuela SA (PDVSA) 2020 so that the citizens of that North American country can make the payment of its guarantees.

According to a statement from the Office of Control of Foreign Assets of the Treasury (OFAC) was lifted license number 5 that authorizes US citizens and companies to request the bond guarantee of the oil company.

This action was prohibited by the Government of Donald Trump through Executive Order 13,835 of last May 2018.

The bonds to be collected are 50.1 percent of the Venezuelan oil refiner in the US, Citgo Petroleum Corporation (Citgo).

Also, the decision indicates that the claims that are intended to be made against Venezuela on goods (ships, properties or financial assets) may be made provided that they do not involve a new debt or a shareholding of the South American nation, of 50 percent, in that asset.

Last May, President Trump sanctioned the Venezuelan oil company and prevented US citizens and companies from charging the interests of the actions they had in it.