Treasury Opens Venezuela's Telecom Market to US Firms Even as It Keeps Adding Names to the Sanctions List

Treasury Opens Venezuela's Telecom Market to US Firms Even as It Keeps Adding Names to the Sanctions List Two licenses issued August 21 let US companies supply and negotiate telecom deals in Venezuela, the same week OFAC added a new blocked entity tied to the broader Venezuela program The Finding On August 21, 2026, the Treasury's Office of Foreign Assets Control issued General License 61 and General License 62, opening Venezuela's telecommunications sector to US supply contracts and investment negotiations for the first time since the Chávez-era buildout. Three days earlier, on August 18, OFAC had added a new entity, Bluwaves Properties Limited, to the Specially Designated Nationals list un…