Sanctions Profile: Venezuela

At a glance

EU sanctions on Venezuela were first imposed in November 2017 in view of the country’s continuing deterioration of democracy, the rule of law and human rights (Council Decision (CFSP) 2017/2074 & Council Regulation (EU) 2017/2063).

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News

EU ready to impose further Venezuela sanctions after 2020 elections

The EU has issued a Declaration stating that it is prepared to impose additional targeted sanctions in response to the decision of the Venezuelan National Assembly to assume its mandate on 5 January 2021 on the basis of non-democratic elections. The EU will be “particularly vigilant with regard to any acts of repression, particularly against members of the opposition”. The …

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OFAC issues Venezuela-related General Licence 31A

OFAC has issued General Licence 31A, effective from 4 January 2021, which replaces and supersedes GL 31 in its entirety. It authorises US persons to engage in certain transactions that are otherwise prohibited by E.O. 13884 involving the IV Venezuelan National Assembly, its Delegated Commission including members and staff, Juan Guaidó, the Interim President of Venezuela, and certain other people appointed …

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OFAC Venezuela and Belarus designations

In December 2020, OFAC added a Venezuelan judge, Lorena Carolina Cornielles Ruiz, and a prosecutor, Ramon Antonio Torres Espinoza, to its list of specially designated nationals under Executive Order (E.O.) 13692. They were listed for their roles in the “unjust” trial and sentencing of 6 US nationals, who were oil executives of US-based Citgo, on charges of corruption. See Notice …

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OFAC sanctions company & directors for assisting in Venezuela elections

OFAC has listed Ex-Cle Soluciones Biometricas CA (Ex-Cle CA), a biometric technology company, for providing goods and services used by the Venezuelan government to carry out the December 2020 parliamentary elections under Executive Order 13692, as amended. Its co-directors Guillermo Carlos San Agustin and Marcos Javier Machado Requena have also been listed for having acted for or on behalf of …

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UK adds 11 to human rights sanctions including Russians for Chechen violations & Jammeh, former President of Gambia

Today (10 December 2020, International Human Rights Day) the UK has listed 10 officials and 1 entity for “egregious human rights violations” in Russia, Venezuela, Gambia, and Pakistan, under the UK’s Global Human Rights Sanctions Regulations 2020 (SI 680/2020). The UK now has 57 people and entities on its human rights regime; this is the third set of designations since …

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Current Sanctions

EU UK

Consolidated

Council Regulation (EU) 2017/2063

Parent Regulation

Council Regulation (EU) 2017/2063

Amended by:

Council Implementing Regulation (EU) 2018/88

Council Implementing Regulation (EU) 2018/899

Council Implementing Regulation (EU) 2019/1169

Council Implementing Regulation (EU) 2018/1653

Council Regulation (EU) 2019/1889

Council Implementing Regulation (EU) 2020/897

Consolidated

Council Decision (CFSP) 2017/2074

Parent Decision

Council Decision (CFSP) 2017/2074

Amended by:

Council Decision (CFSP) 2018/90

Council Decision (CFSP) 2018/901

Council Decision (CFSP) 2018/1656

Council Decision (CFSP) 2019/1171

Council Decision (CFSP) 2019/1893

Council Decision (CFSP) 2020/898

Venezuela (Sanctions) (EU Exit) Regulations 2019, SI 2019/135