# 2026-19422: Venezuela Bond Deals Get OFAC License Refresh

2026-19422, Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y, is a Federal Register rule from Treasury Department, Foreign Assets Control Office published 2026-09-23, effective 2026-06-18; PRIA reads it as touching household money (as of 2026-09-30).

- Canonical: https://policyrisk.com/federal-register/2026-19422
- As of: 2026-09-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-19422
- Title: Publication of Venezuela Sanctions Regulations Web General Licenses 5X and 5Y
- Type: Rule
- Agencies: Treasury Department; Foreign Assets Control Office
- Citation: 91 FR 60304
- Published: 2026-09-23
- Effective: 2026-06-18
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-30

## In one line

Venezuela Bond Deals Get OFAC License Refresh

## Summary

The Treasury’s Office of Foreign Assets Control (OFAC) published two updated licenses, 5X and 5Y, that let certain people legally deal with Venezuela’s 2020 8.5% bond starting August 4, 2026. These licenses replace older ones and open up new financial opportunities while keeping other sanctions in place. If you’re involved in Venezuela bond transactions, these changes could impact your business starting this summer.

## Abstract

The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Venezuela Sanctions Regulations: GL 5X and 5Y, each of which was previously made available on OFAC's website.

## Effects PRIA read

- GL 5X allows PDVSA 2020 bond deals: benefit, medium. General License No. 5X, issued June 18, 2026, authorizes transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after August 4, 2026. GL 5X replaced and superseded General License No. 5W effective June 18, 2026.
- GL 5Y continues bond transaction authorization: benefit, medium. General License No. 5Y, issued August 3, 2026, authorizes transactions related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond on or after September 17, 2026. GL 5Y replaces and supersedes General License No. 5X effective August 3, 2026.
- Other Venezuela sanctions remain in force: cost, low. Both General License No. 5X and General License No. 5Y state they do not authorize any transactions or activities otherwise prohibited by the Venezuela Sanctions Regulations or any other part of 31 CFR chapter V. Other applicable VSR prohibitions therefore remain in effect.

## Related documents

- [2026-20683](https://policyrisk.com/federal-register/2026-20683): Notice of OFAC Sanctions Actions, 2026-10-08
- [2026-20526](https://policyrisk.com/federal-register/2026-20526): Notice of OFAC Sanctions Actions, 2026-10-07
- [2026-20525](https://policyrisk.com/federal-register/2026-20525): Notice of OFAC Sanctions Action, 2026-10-07
- [2026-20475](https://policyrisk.com/federal-register/2026-20475): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20425](https://policyrisk.com/federal-register/2026-20425): Notice of OFAC Sanctions Action, 2026-10-06
- [2026-20395](https://policyrisk.com/federal-register/2026-20395): Notice of OFAC Sanctions Action, 2026-10-06

## Sources
- [2026-19422 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/23/2026-19422/publication-of-venezuela-sanctions-regulations-web-general-licenses-5x-and-5y)
- [2026-19422 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-23/pdf/2026-19422.pdf)

## Related
- [Previous: 2026-19421, Publication of International Criminal Court-Related Sanctions Regulations Web G…](https://policyrisk.com/federal-register/2026-19421)
- [Next: 2026-19423, Publication of the Democratic Republic of the Congo Sanctions Regulations Web G…](https://policyrisk.com/federal-register/2026-19423)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-19422 (as of 2026-09-30).