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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
Venezuelan officials charged with US export control violations
The US DOJ has unsealed indictments charging Venezuela’s President Nicolas Maduro and 14 current and former high-ranking officials with narco-terrorism, drug trafficking, money-laundering and corruption offences, “causing tons of cocaine to enter and devastate American communities” in a conspiracy with the Colombian FARC. Among the series of charges, Oscar Rafael Colmenarez Villalobos, a former Venezuelan Air Force Officer, has been …
Venezuela
Covid-19: UN Human Rights Commissioner calls for easing of sanctions
The UN High Commissioner for Human Rights, Michelle Bachelet, has called for the urgent re-evaluation of sectoral sanctions in countries dealing with the Covid-19 pandemic, alongside broad and practical humanitarian exemptions to sanctions measures, including authorisation for medical equipment and supplies. She said that sanctions may impede medical efforts in Cuba, N Korea, Venezuela, Zimbabwe and Iran, which have vulnerable …
Iran
North Korea
Zimbabwe
OFAC sanctions another Rosneft subsidiary & renews General Licences
OFAC has designated TNK Trading International SA (TTI), a Swiss-incorporated subsidiary of Rosneft Oil Company, for operating in the oil sector of the Venezuelan economy pursuant to E.O. 13850 (asset freeze). The Treasury press release says that TTI is involved in the trading, processing, and transport of raw materials in Venezuela, and that TTI purchased nearly 14 million barrels of …
Russia
Rosneft to continue Venezuela-related transactions despite sanctions
In light of recent US sanctions imposed against Rosneft Trading, a Rosneft subsidiary (see post), the company has said that it will continue to carry out its work in Venezuela within the framework of contracts signed before the sanctions were imposed. See statement. Rosneft’s VP of commerce and logistics said that the company’s transactions with Venezuela, involving 5 oil and …
Venezuela’s application to annul EU arms embargo inadmissible
The EU General Court has declared inadmissible the Bolivarian Republic of Venezuela’s application to annul the EU arms embargo imposed by Council Regulation (EU) 2017/2063, Case T-65/18 (20 September 2019). The Court held that the republic did not have locus standi because it is not “directly concerned” by the contested measures, which impose a prohibition on EU natural/legal persons engaging …
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
Consolidated
Council Decision (CFSP) 2017/2074
Parent Decision
Council Decision (CFSP) 2017/2074
Amended by: