The United States will conditionally relax sanctions related to gold transactions with Venezuela.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a general license on the 6th, conditionally easing sanctions on transactions related to Venezuelan gold. The license allows eligible U.S. entities to engage in transactions related to Venezuelan gold with the Venezuelan government, the Venezuelan Mining Authority, or entities controlled by them. Permissible transactions include mining, sale, supply, storage, purchase, delivery, or transportation of gold to the U.S., refining in the U.S., resale, or export from the U.S., among others. According to the regulations, related transaction contracts must comply with U.S. law, and funds paid to sanctioned parties must be deposited into official foreign government accounts established by the U.S. or other accounts designated by the U.S. Department of the Treasury. OFAC stated that transactions involving debt swap payments, Venezuela's government-issued digital currency, transactions in multiple specific countries, and transactions involving sanctioned vessels are not permitted. The U.S. Treasury Department announced sanctions on the Venezuelan Mining Authority and its president in March 2019. According to the statement, assets of sanctioned parties within the U.S. will be frozen, and U.S. citizens are prohibited from engaging in transactions with them.