General License 44 Venezuela

US Announces Venezuela Sanctions Relief Expiration

US Announces Venezuela Sanctions Relief Expiration Amid Concerns Over Electoral Commitments

The United States announced the expiration of General License 44, which permitted transactions related to Venezuela’s oil or gas sector operations, citing Nicolas Maduro’s failure to fulfill commitments outlined in the electoral roadmap agreement signed in Barbados in October 2023, as stated in a press release by the U.S. State Department on April 17.

Despite some progress, concerns persist over Maduro’s obstruction of opposition participation in the electoral process, harassment of political opponents, and unjust detention of individuals from civil society. The U.S. emphasized the need for Maduro to allow full participation of candidates and parties in elections and to release political prisoners promptly and without conditions.

 

 

 

 

Following the expiration of General License 44, the U.S. will issue a 45-day wind-down license to facilitate an orderly transition. Requests for specific licenses to continue activities beyond this period will be reviewed on a case-by-case basis by the Treasury’s Office of Foreign Assets Control.

The U.S. reiterated its commitment, along with international partners, to supporting Venezuela’s pursuit of democracy, stability, and prosperity, urging Maduro to adhere to the electoral roadmap established in the Barbados Agreement.

 


Soledad Quartucci | CEO/Founder, Latina Republic

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