U.S. Issues License Allowing Transactions with Some Venezuelan Banks

• The Trump administration issued two new Venezuela-related general licenses on Tuesday, April 14, 2026, including one that allows financial transactions involving certain Venezuelan banks and Venezuelan government individuals, according to documents posted to the United States (U.S). Treasury Department's website.
• The documents published by the Treasury Department said financial transactions will be permitted for Venezuela's central bank, which was sanctioned in April 2019, as well as for the state-owned banks Venezuela, Tesoro, and Digital de los Trabajadores.
• For nearly a decade, the country's central ⁠ bank and its state-owned banks have faced restrictions on conducting financial transactions abroad due to a lack of correspondent banks to facilitate them, a situation that worsened after the U.S. imposed sanctions on Venezuela in 2019.
• The easing of sanctions on the central bank and state-owned banks comes as a new dollar supply system is being implemented, driven by increased crude oil sales following the U.S. seizure of President Nicolas Maduro's assets in January. Washington is seeking to stabilise the Venezuelan economy and open it up to U.S. investment.
• The U.S. Treasury Department also issued a license authorising commercial contract negotiations. The execution of such contracts would have to be “subject to separate authorisation from the Office of Foreign ⁠ Assets Control,” the Treasury document said.

(Source: Reuters)