Brief
The U.S. Treasury’s Office of Foreign Assets Control issued Venezuela General License 58, permitting certain services to be provided to the Venezuelan government in relation to a possible debt restructuring. The measure creates a defined sanctions pathway for restructuring-related work, although the source item does not specify the covered services, eligible counterparties, timetable or whether a formal restructuring process has begun.
Allowing specified restructuring services could reduce a sanctions-related obstacle to addressing Venezuela’s sovereign liabilities. For investors, the license makes debt normalization more actionable, but its significance will depend on the permitted scope and whether the government and creditors advance toward a credible process.
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Industry · U.S. Treasury OFAC
May 5, 2026
Watch for the license text and OFAC guidance defining eligible services and parties, followed by any appointment of advisers, engagement with creditors or announcement of a restructuring framework.