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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
EU Commission guidance on Covid-19 humanitarian aid to Iran & Venezuela
The EU Commission has expanded its guidance on the provision of Covid 19-related humanitarian aid and medical assistance to countries subject to EU sanctions to include Iran and Venezuela. The Commission published the first chapter of the guidance in May 2020, which covered Syria (see post). As in the Syria guidance, the note provides clarity on what constitutes humanitarian relief, …
Iran
Venezuela
OFAC issues Venezuela-related General Licence 5E
OFAC has issued General Licence 5E, which postpones until 19 January 2021 the authorisation for US persons to engage in transactions relating to the PdVSA 8.5 percent bond that that would otherwise be prohibited by Subsection 1(a)(iii) of Executive Order 13835 (as amended). General Licence 5E replaces and supersedes 5D in its entirety. A related FAQ has also been updated to reflect …
OFAC lists 5 Venezuelan officials for undermining democracy
OFAC has designated 5 Venezuelan officials pursuant to E.O. 13692 in response to their actions supporting the Maduro regime in the run up to the December 2020 parliamentary elections. They are: José Bernabé Gutiérrez Parra, Miguel Antonio José Ponente Parra, Guillermo Antonio Luces Osorio, Chaim José Bucaran Paraguan, and Williams José Benavides Rondón. Following rulings of the Supreme Court of Justice, …
OFAC lists 4 Venezuelan current & former officials
OFAC has added 4 Venezuelan current and former officials to its list of specially designated nationals pursuant to E.O. 13692. 3 officials have been listed for participating in an “election interference scheme” in which the National Electoral Council was restructured, and the functions of the Solicitor General changed to include oversight of Venezuela’s national wealth and assets. They are: Indira …
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 …
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: