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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).
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Switzerland renews sanctions against 18 Venezuelan officials
Switzerland has renewed sanctions against 18 members of the Venezuelan government initially imposed in March 2018 for “human rights violations, and the undermining of the rule of law and democratic institutions”, including a “lack of legitimacy” in the electoral process. The sanctions were imposed in alignment with EU sanctions implemented in early 2018 (see post […]
Venezuela
Trump Administration issues Executive Order blocking all property of Venezuelan government
President Trump has signed an Executive Order “Blocking Property of the Government of Venezuela”, which imposes further sanctions on the Venezuelan government, and on those who provide material support to the Maduro regime. The Order authorises the Secretary of the Treasury, in consultation with the Secretary of State, to block all property and interests in […]
US State Dept travel ban on 2 Venezuelan officials for human rights violations
The US has listed Rafael Enrique Bastardo Mendoza, Commander of Venezuela’s Police Special Forces (the FAES), and Ivan Rafael Hernandez Dala, Commander of Military Counter Intelligence (the DGCIM) in response to “gross violations of human rights”. The violations have been detailed in a report (5 July 2019) published by the UN High Commissioner for Human […]
Venezuela converts airport taxes into Bitcoin to evade US sanctions
A report by Spanish newspaper ABC has suggested that the Venezuelan administration has created a scheme to turn tax revenue generated from Maiguetia International Airport, Caracas into Bitcoin through a digital wallet app in efforts to circumvent US sanctions. The app, Jetman Pay, which is registered in Florida under the name BCDA Aeronautical Solutions LLC, […]
OFAC issues amended Venezuela General Licence
General Licence 8B “authorising transactions involving PdVSA for certain entities operating in Venezuela” has been issued to replace and supersede General Licence 8A. General Licence 8B extends the expiry of the licence to 25 October 2019.
Current Sanctions
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
Parent Decision
Council Decision (CFSP) 2017/2074
Amended by: