OFAC issued 3 Venezuela-related GLs

OFAC issued three Venezuela-related general licences, each with a single change: the annex defining "petrochemical products" now lists methanol under five new HS codes (2905111000, 2905112010, 2905112015, 2905112085 and 9817290200). The operative text is otherwise unchanged. GL 46E (Authorizing Certain Activities Involving Venezuelan-Origin Oil or Petrochemical Products) replaces GL 46D of 27 August 2026. GL 48D (Authorizing the Supply of Certain Items and Services to Venezuela) replaces GL 48C of 27 August 2026. GL 49B (Authorizing Negotiations of and Entry Into Contingent Contracts for Certain Investment in Venezuela) replaces GL 49A of 13 March 2026.