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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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 …

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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 …

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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 …

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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. …

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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 …

VenezuelaVenezuela

Current Sanctions

EU UK

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:

Council Decision (CFSP) 2018/90

Council Decision (CFSP) 2018/901

Council Decision (CFSP) 2018/1656

Council Decision (CFSP) 2019/1171

Council Decision (CFSP) 2019/1893

Council Decision (CFSP) 2020/898

The Export Control (Venezuela Sanctions) Order 2018 (SI 2018/108)