Joint Civil Society Statement on OFAC General Licenses 51A, 54 and 55 for Venezuelan Minerals
The undersigned Venezuelan and international civil society organizations, led by SOSOrinoco,
take note of the decision by the U.S. Department of the Treasury’s Office of Foreign Assets
Control (OFAC) to issue General Licenses 51A, 54, and 55, authorizing expanded activities
involving Venezuelan-origin minerals, including gold, as well as services and prospective
investments in Venezuela’s mining sector. These measures significantly broaden the scope of
prior authorizations under General License 51, which already permitted transactions involving
Venezuelan gold, including those tied to Venezuela’s state mining company, Minerven, and its
affiliates.
