Monday 3 August 2020 | About Us | Contact Us | Register for free email alerts Subscribe for full access Login
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
US imposes travel bans on 2 Venezuelan former electricity ministers
The US State Department has imposed travel bans on Luis Alfredo Motta Dominguez (former Venezuelan Minister of Electric Power), and Eustiquio Jose Lugo Gomez (Deputy Minister of Finance, Investment, and Strategic Alliances for the Ministry of Electric Power) for their involvement in “significant corruption” under s. 7031(c) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2020. Their immediate …
Venezuela
US lists Venezuelan brothers for supporting Maduro regime
The US has added brothers Santiago and Ricardo Jose Moron Hernandez to its list of specially designated nationals pursuant to E.O. 13692 for providing support to Nicolas Maduro Guerra (the US-listed son of President Nicolas Maduro), and the Maduro regime. The press release says they act as “trusted partners” of the Maduro family by distributing assets on their behalf and …
US travel ban on President of Venezuela Supreme Court
The US State Department has imposed a travel ban on Maikel Jose Moreno Perez, President of the Venezuelan Supreme Tribunal of Justice for his alleged involvement in significant corruption, pursuant to Section 7031(c) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2020. His wife will also be ineligible for entry into the US. Mr Moreno Perez is said to …
OFAC amends Nicaragua sanctions regs & Venezuela General Licences
OFAC has amended the Nicaragua Sanctions Regulations, 31 CFR part 582 to incorporate the Nicaragua Human Rights and Anticorruption Act of 2018. The Act authorises sanctions to be imposed on those responsible for human rights abuses, actions which undermine democratic processes, or involved in significant corruption in Nicaragua. A general licence authorising certain US government activities has also been added. …
Nicaragua
OFAC issues Venezuela-related General Licence 5D
OFAC has issued General Licence 5D, which replaces and supersedes 5C in its entirety. It has delayed effectiveness until 20 October 2020. When the licence comes into effect, US persons are authorised to engage in all transactions related to, the provision of financing for, and other dealings in the PdVSA 8.5 percent bond that would otherwise be prohibited by Subsection 1(a)(iii) of Executive …
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: