Venezuela-related sanctions by the United States Department of the Treasury – Update IX


Note: This announcement, first published on 4 February 2019 and updated several times, has been further updated to include recent decisions taken by the U.S. Department of the Treasury. Changes have been highlighted.

Clearstream Banking1 refers to the publications made by the United States Department of the Treasury on 18 October 2023 with regard to Venezuela.

Effective 18 October 2023, U.S. persons are again authorised to transact in the securities listed in the General Licenses (GL) 3I and 9H (see external links below). Attestations previously required by Clearstream Banking are rescinded. 

Clients should read the authorisations and criteria stated in GL 3I paragraphs (b), (c) and (d) and the restrictions still in place pursuant to the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR) listed in GL 3I paragraphs (e) and (f); likewise the authorisations and criteria under GL 9H paragraphs (b), (c), (d) and (e), and restrictions still in place pursuant to the VSR under GL 9H paragraphs (f) and (g).

Clients are reminded that all sanctions related to the primary bond market remain in place and U.S. Treasury might amend or revoke authorisation at any time should representatives of Maduro fail to follow through on their commitments.

In addition, Clearstream Banking reminds clients of the requirement to comply, and ensure compliance by any of the client’s underlying clients, with any applicable law or regulation.

Further information

For further information, please contact Clearstream Banking Client Services or your Relationship Officer.


1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.