By Maya Lester KC & Michael O’Kane

US sanctions Venezuela’s state-owned oil company PdVSA

Yesterday (28 January), OFAC designated, pursuant to Executive Order 13850, Venezuela’s state-owned oil company Petroleos de Venezuela SA (PdVSA) for “operating in the oil sector of the Venezuelan economy”. The company is now subject to a US asset freeze. See OFAC Notice and US Treasury Press Release. In addition, OFAC issued 9 new Venezuela-related General Licences (some of which authorise…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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