Citgo ofac

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WebFeb 20, 2024 · I. CITGO . SDN Designation: CITGO is an SDN by virtue of being wholly owned by PdVSA. However, concurrent with PdVSA’s SDN designation, OFAC issued … WebJun 5, 2024 · The Reasons Behind OFAC’s General License 5C. In 2024, the Government of Venezuela defaulted on the 8.5% Bond, and bondholders sought to enforce their rights to the collateral used to back this bond: a number of shares in CITGO Petroleum Corporation (“CITGO”), the U.S. refiner that originally was owned and controlled by PDVSA and now …

OFAC Issues New Venezuela General License, Effectively …

WebJun 10, 2024 · On June 6, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended three Venezuela-related general licenses (re-issued as General License No. 7B, General License No. 8A, and General License 13A) to clarify that these authorizations do not authorize US Persons to engage in transactions or dealings related … WebAug 6, 2024 · Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela-owned U.S.-based refiner ... sevenoaks early help unit

Global Magnitsky Sanctions Office of Foreign Assets Control

WebAug 8, 2024 · OFAC amended General License 20A (authorizing official activities of certain international organizations) and issued several general licenses to ensure the continued flow of humanitarian goods and services to the Venezuelan people including, General License 22 (goods and services related to Venezuela’s mission to the United Nations), General ... WebMar 20, 2024 · OFAC Extends Authorization for Transactions w/ PDVH and CITGO and Extends Wind Down of Contracts and Trades Involving Certain Bonds and Securities … WebOn August 5, 2024, the Trump administration imposed new sanctions on the Government of Venezuela by freezing the property and assets of the regime of Venezuelan President Nicolás Maduro as well as those who provide it with “material support.”. Issued on the eve of a major international conference on the Venezuelan political crisis in Lima ... the towneley plays

Holders of the PDVSA 8.5% Bond Need OFAC’s License - Diaz Reus

Venezuela Sanctions New OFAC General Licenses

WebMar 20, 2024 · On March 14, 2024, OFAC reissued General License 7 (“GL 7”) as General License 7A (“GL 7A”) to extend the general license’s authorization for certain activities involving PDV Holding, Inc. (“PDVH”) and CITGO Holding, Inc. (“CITGO”). While the original GL 7(a) was set to expire on July 27, 2024, GL 7A(a) automatically renews on the WebThe question over how far the sales process can proceed without a license from OFAC has become more urgent since it emerged in January that the U.S. government had opted to … seven oaks education centreWebJan 17, 2024 · "Transactions related to the sale or transfer of Citgo shares in connection with the PDVSA 2024 8.5-percent bond are prohibited, unless specifically authorized by OFAC," the office said. seven oaks elementary bcps

"WebJul 20, 2024 · US Extends Citgo Protection [PDF Download] ENERGY ANALYTICS INSTITUTE (EAI) 20 July 2024. (Department of the Treasury, 20.Jul.2024) — The Office … " - Citgo ofac

Citgo ofac

WebApr 11, 2024 · “En el gobierno interino hubo un gran desorden, un sector lo manejó como le dio la gana. En Citgo no se supo nunca que pasaba, porque nadie dio explicaciones de eso”, dijo Moreno. “Monómeros es algo pequeñito en relación a Citgo. En algún momento eso hay que investigarlo”, expresó el opositor sobre la corrupción Citgo. WebApr 21, 2024 · The Reasons Behind OFAC’s General License 5C. In 2024, the Government of Venezuela defaulted on the 8.5% Bond, and bondholders sought to enforce their rights to the collateral used to back this bond: a number of shares in CITGO Petroleum Corporation (“CITGO”), the U.S. refiner that originally was owned and controlled by PDVSA and now …

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WebGet directions, reviews and information for CITGO in Brookfield, Town of, CT. You can also find other Gas Stations on MapQuest WebSep 15, 2024 · Citgo has been controlled by Venezuelan opposition leader Juan Guaido since 2024, when Washington recognized him as the South American country's leader …

WebSep 15, 2024 · Treasury's Office of Foreign Assets Control (OFAC) told Crystallex the State Department had determined such a sale would be inconsistent with U.S. foreign policy interests, but that Washington would reassess these considerations during the first half of 2024. Citgo has been controlled by Venezuelan opposition leader Juan Guaido since … WebSep 21, 2024 · Citgo, the US downstream arm of Venezuela’s national oil company PdV, is the target of myriad creditors and arbitration claimants. After the former US administration withdrew recognition of Venezuela’s president Nicolas Maduro in favor of Guaidó in January 2024 and imposed oil sanctions to drive Maduro out, Citgo came under the …

WebJan 22, 2024 · 740 N. Sedgwick, Suite 200 Chicago, IL 60654 Hours Monday - Friday 8:30 a.m. - 5:00 p.m. Talk to Us (833) TALK-2-IG / (833) 825-5244 [email protected] WebFeb 25, 2024 · Legal Framework for the Venezuela-related Sanctions. The Venezuela-related Sanctions program represents the implementation of multiple legal authorities. … Contact OFAC; Sanctions Programs and Country Information. OFAC administers … 401. OFAC’s 50 Percent Rule states that the property and interests in property of …

Webunited states. securities and exchange commission. washington, d.c. 20549 . form 6-k . report of foreign private issuer pursuant to rule 13a-16 or 15d-16 under the securities exchange act of 1934

WebMar 15, 2024 · The US Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) has issued a licence permitting some transactions with PDV Holding, Inc. and CITGO Holding, Inc., which would otherwise … seven oaks elementary wesley chapel flWeb539 Likes, 37 Comments - Carlos Vecchio (@carlosvecchio) on Instagram: "Nadie puede embargar a CITGO sin una autorización (licencia) de la OFAC. Gracias a los esfuerzos..." Carlos Vecchio on Instagram: "Nadie puede embargar a CITGO sin una autorización (licencia) de la OFAC. sevenoaks fish and chip shop chineseWebI initially was hired in 1993, as the Accounts Receivable Specialist, and in 1995, became the Utility Billing Clerk/Deputy City Clerk. I then was appointed the City Clerk, by the City … seven oaks elementary school ratingWebOFAC Again Extends Measure Protecting PDVSA's CITGO Shares from Bondholders. The Treasury Department extended, through January 19, 2024, a measure barring certain … sevenoaks fish and chipsWebSep 15, 2024 · A judge approved the sale of shares in Citgo's immediate parent earlier this year to satisfy Crystallex's $1.4 billion judgment for the expropriation of its assets in Venezuela. seven oaks fleece lined sweatpantsWebOct 15, 2024 · On October 6, OFAC issued General License 5E, Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2024 8.5 Percent Bond on or … sevenoaks fish restaurantWebOct 15, 2024 · GL-5E appears intended to protect bondholders of CITGO Holding, Inc. (“Citgo”), which is a wholly owned subsidiary of Venezuela’s state-owned oil and natural gas company, Petróleos de Venezuela, S.A. (“PdVSA”). ... which clarifies the scope of GL-5E. OFAC also noted that, to the extent an agreement may be reached on proposals to ... sevenoaks fishery