In accordance with the general license posted on the website of the U.S. Department of the Treasury's Office of Foreign Assets Control, American companies are now allowed to import, store, process, and resell gold from Venezuela. This also applies to transactions with the country's state entities and with the company Minerven.
However, all operations must comply with U.S. laws, and any disputes will be addressed solely within the jurisdiction of the United States. Additionally, payments to sanctioned individuals must be made through specialized accounts to ensure control over financial flows.
It is important to note that serious restrictions remain: this license does not apply to individuals and legal entities, as well as structures controlled by them from Russia, China, Iran, North Korea, and Cuba. All participants in the transactions are required to regularly report to the American side on the progress of the turnover of Venezuelan gold.
