OFAC works in mysterious ways…. maybe

So… 

Mr. Watchlist emailed OFAC about whether or not they were going to revoke Venezuela General License 3. And their first response was pretty vanilla – pointing me to the Venezuela sanctions and Recent Actions pages.

But I was persistent – I wrote back:

So, the Executive Order, therefore, really just shuts off short-term debt, if you are leaving General License 3 in place. So, it’s not an oversight?

And I got back the Best. OFAC. Response. Ever.

There may be updates with clarification(s). At this time, no additional public information can be provided. My apologies. Thank you.

Wow – is it possible that Treasury didn’t even consider what the interplay between the new E.O. and General License 3 should be?

And that response tells me we’re either getting an FAQ on this – or we will see the General License get revoked. Maybe even replaced with a wind-down period…

2 comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s