Treasury Formalizes Venezuela Port and Airport Sanctions General Licenses
Published Date: 9/11/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) officially published two important licenses, GL 30B and GL 51, that let certain port and airport activities in Venezuela happen without breaking sanctions. These licenses, first shared online earlier this year, help businesses and operators navigate tricky rules while keeping trade flowing. If you work with Venezuelan ports or airports, these updates are your green light for some key transactions starting February and March 2026.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
Ports and Airports Transactions Authorized
If you operate or provide services for ports or airports in Venezuela, General License 30B (issued February 10, 2026) authorizes transactions ordinarily incident and necessary to the operations or use of those ports and airports, including transactions involving the Instituto Nacional de los Espacios Acuaticos (INEA). GL 30B replaces and supersedes General License 30A (dated February 2, 2021) but does not authorize transactions with blocked persons other than certain INEA-related entities.
U.S. Gold Import and Reporting Rules
If you are a U.S. entity organized on or before January 29, 2025, General License 51 (issued March 6, 2026) authorizes transactions ordinarily incident to exporting, selling, buying, transporting, importing into the U.S., refining in the U.S., or reselling Venezuelan-origin gold, provided contracts are governed by U.S. law and dispute resolution occurs in the U.S., and payments to blocked persons (other than local taxes/fees) are made into the Foreign Government Deposit Funds or other Treasury‑instructed account. You must not use commercially unreasonable payment terms (including debt swaps, in-kind payments, or digital currencies such as the petro), must avoid parties from specified countries (e.g., Russia, Iran, DPRK, Cuba), and you must file a detailed report to OFAC within 10 days after the first such transaction and every 30 days thereafter listing parties, supply-chain due diligence, quantities, prices, dates, and any payments to the Government of Venezuela.
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Key Dates
Department and Agencies
Related Federal Register Documents
2026-20683, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions list on October 5, 2026. Some people had their blocked property unlocked and were removed from the blacklist, while others had their info updated but remain blocked. These changes affect who can access money or property under U.S. rules, so watch for the latest details if you’re involved.
2026-20526, Notice of OFAC Sanctions Actions
The U.S. Treasury’s OFAC just updated its sanctions lists by unblocking some people and removing their names from the banned list. They also cleaned up duplicate entries and updated info on others who remain blocked. These changes affect individuals and entities tied to sanctions, with some unblocked as of July 27, 2026, meaning their assets are no longer frozen.
2026-20525, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Faouzi Barika and others linked to Hamas, making it illegal for Americans to do business with them. This action, effective October 2, 2026, freezes their assets under U.S. law to stop support for terrorism. If you’re a U.S. person, watch out—any dealings with these folks are off-limits and could have serious consequences.
2026-20475, Notice of OFAC Sanctions Action
On October 1, 2026, the U.S. Treasury’s OFAC added new individuals and companies to its blacklist, freezing their U.S.-based assets. This means Americans can’t do business with these blocked parties, cutting off their access to U.S. money and markets. The move aims to tighten financial controls and protect U.S. interests.
2026-20425, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked the property of Rafael Buenrostro Martin and others for their roles in illegal drug trade and terrorism. From September 29, 2026, Americans can’t do business with these folks, freezing their assets under U.S. law. This move aims to cut off their money flow and stop bad activities fast and firmly.
2026-20395, Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked all property linked to A7 NETWORK, a criminal group operating in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. This means Americans can’t do business with them anymore, effective October 1, 2026. It’s a big move to stop shady international crime and protect U.S. interests.
Previous / Next Documents
Previous: 2026-18565, Publication of Nicaragua Sanctions Regulations Web General License 5
The Treasury Department is officially sharing a special permission called General License 5, which lets people wrap up business with a Nicaraguan company named Exportadora de Metales Sociedad Anonima (EMSA) until May 16, 2026. This means folks affected by Nicaragua sanctions can finish certain deals without breaking rules, but only if they follow strict payment rules. The license was first announced online in April and now is formally published for everyone to see.
Next: 2026-18572, Publication of Venezuela Sanctions Regulations Web General Licenses 50A and 51A
The Treasury’s Office of Foreign Assets Control (OFAC) officially published two updated general licenses, 50A and 51A, that let certain companies do business related to Venezuela’s oil and gas sector despite sanctions. These licenses, effective since early 2026, replace older versions and allow specific transactions with Venezuelan entities under clear U.S. legal rules. If you’re involved in these sectors, these changes could impact your contracts and payments starting now.