The United States is giving individuals and entities more time to wind down certain financial contracts or other agreements related to debt involving Venezuela’s state-owned oil company, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said on Friday. “OFAC is extending the expiration date of provisions relating to the wind down of certain financial contracts or other agreements involving, or linked to” certain listed bonds “or to certain Petroleos de Venezuela, S.A. securities,” the department said in a notice on its website, referring to Venezuelan state-oil firm PDVSA. Contracts involving PDVSA debt must now be wound down by May 10, an extension of the March 11 deadline that was established in early February. Washington this week revoked the visas of senior […]