[REVISION HISTORY]

U.S. telecommunications sanctions relief in Venezuela

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-21 22:24 UTC → 2026-08-22 16:32 UTC · added ~~removed~~

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued two new general licenses, 61 and 62, to support the telecommunications sector in Venezuela. These measures aim to provide flexibility for rebuilding infrastructure and services through private investment and technical support. General License 61 authorizes the supply of goods, technology, software, and services to support the installation, maintenance, repair, and operation of telecommunications infrastructure. This includes internet connectivity, telephony, radio, television, and news agency transmissions via various mediums, such as satellites or undersea cables. The license also covers operational activities including logistics, insurance, cloud services, and payment processing. General License 62 permits the negotiation and signing of contingent contracts for new ~~investments~~ investments, expansions, or joint ventures in the sector. These licenses allow transactions involving state-linked entities such as Cantv, Movilnet, and the National Telecommunications Commission (Conatel). However, the execution of contracts under License 62 requires independent OFAC ~~authorization, and~~ authorization. To mitigate risks, OFAC mandates that any contracts involving the Venezuelan government must be governed by U.S. law, with dispute resolutions held in the U.S., United Kingdom, France, or Singapore. Additionally, these licenses specifically exclude transactions involving entities linked to Russia, Iran, North Korea, Cuba, or China.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.