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Treasury issued Venezuela General Licenses 61 and 62, authorizing the supply of certain telecommunications items and services to Venezuela and enabling negotiations of contingent contracts for investment in Venezuela's telecommunications sector.

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Why it matters

First Venezuela GLs specifically scoped to the telecommunications sector (GL 61: supply of items/services; GL 62: contingent investment contracts), representing a sector-specific policy expansion beyond the general amendments that characterized prior Venezuela GL activity in the 90-day window.

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