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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).
News
OFAC removes 2 Italian companies from Venezuela sanctions list
OFAC has delisted 2 Italian companies that were designated under Executive Order 13850 (Venezuela sanctions) on 19 January 2021, the final day of the Trump administration (see press release). They are: AMG S.A.S. di Alessandro Bazzoni & C. and Serigraphiclab di Bazzoni Alessandro, both of which are owned by Alessandro Bazzoni, an Italian restaurant owner. According to various reports, OFAC …
Venezuela
Biden administration to review Venezuela sanctions regime & coordinate with allies
US senior administration officials have confirmed plans to review the effectiveness of the US sanctions regime concerning Venezuela. The decision comes in light of concerns that “unilateral sanctions, over the last 4 years, have not succeeded in achieving an electoral outcome in the country”, and that the Maduro regime has adapted to sanctions and sustained itself through illicit activity. See …
UN urges different action on Myanmar and Venezuelan sanctions
The UN Special Envoy for Myanmar, Christine Schraner Burgener, has called on member states to impose “hugely strong measures” against the Burmese military following the coup on 1 February 2021 and reports of increasing violence against protestors. In discussions with the army, Ms Schraner Burgener warned officials that strong measures may be taken, to which they responded: “we are used …
Burma / Myanmar
Venezuela & EU expel diplomats over sanctions
The Venezuelan government has declared the head of the EU delegation to Venezuela, Isabel Brilhante Pedrosa, as persona non grata, and has allowed Ms Pedrosa 72 hours to leave the country. The decision was made following the EU’s designation of 19 Venezuelan officials on 22 February 2021 (see post). Yesterday (25 February 2021), in response to the decision, the EU …
EU designates 19 Venezuelan officials
The EU has adopted Council Implementing Regulation (EU) 2021/275 and Council Decision (CFSP) 2021/276, which adds 19 Venezuelan officials to its sanctions list. The decision follows on from the EU’s conclusions and declaration on the Venezuelan national election held in December 2020, in which the National Assembly assumed its mandate on the basis of non-democratic elections that “failed to comply …
Current Sanctions
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: