meta_id 3126659

On May 5, 2026, the Office of Foreign Assets Control (OFAC), a division of the United States Department of the Treasury, issued Venezuela-related General License 58. The license authorizes certain services to the Government of Venezuela in connection with potential debt restructuring activities. General License 58 permits specified services that would otherwise be prohibited under existing Venezuela sanctions programmes. The authorization is narrowly tailored to facilitate debt restructuring negotiations and related financial activities involving the Venezuelan government. This licence represents a targeted exception to the broader sanctions framework maintained by OFAC against Venezuela, allowing specific transactions that support potential debt resolution mechanisms. The issuance of this general licence indicates a shift in the Treasury Department's approach to Venezuela sanctions, creating a pathway for financial institutions and service providers to engage in debt restructuring discussions with Venezuelan authorities without violating sanctions regulations. Entities seeking to provide services under this authorization should review the full terms and conditions of General License 58 to ensure compliance with all specified requirements and limitations. Organisations and individuals involved in international finance, debt restructuring, or Venezuela-related activities should monitor OFAC's official guidance and consult the complete licence documentation for detailed eligibility criteria and permissible activities. **Reference:** Office of Foreign Assets Control (OFAC), "Issuance of Venezuela-related General License," May 5, 2026, https://ofac.treasury.gov/recent-actions/20260505