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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
AT&T closes DirecTV operations in Venezuela
AT&T has announced that it will terminate its DirecTV operations in Venezuela, following the US government’s decision not to renew a waiver to allow AT&T to continue its relationship with Globovision Corp, a designated Venezuela-based news network. AT&T’s statement says that US sanctions prohibit it from broadcasting channels owned by Globovision and PdVSA, which it is required to broadcast under …
Venezuela
OFAC lifts sanctions on Nynas AB
OFAC has announced that the Swedish refiner Nynas AB is no longer subject to US sanctions pursuant to the Venezuelan Sanctions Regulations (31 CFR Part 591) following a restructuring of the company’s ownership. Nynas’ press release says that PdVSA, Venezuela’s state-owned oil company, has reduced its majority shareholding in Nynas to 15%. The 35% divested by PdVSA is now controlled …
US tightens China, Russia & Venezuela tech exports controls
The US Commerce Dept has announced amendments to technology export controls relating to China, Russia and Venezuela in response to concerns that goods intended for civilian use are being diverted for military applications. Final rules (1) and (2) below, published in the federal register today (28 April 2020) come into effect in 60 days, 26 June 2020. See press release. …
China
Russia
OFAC amends Venezuela licence to restrict 5 US oil companies’ PdVSA activities
OFAC has issued General Licence 8F, so as to narrow the authorisation for 5 American oil and gas companies, allowing them to conduct only oil-related transactions and activities incident and necessary to the limited maintenance of essential operations and contracts in Venezuela that (i) are for the safety/preservation of assets in Venezuela, (ii) involve PdVSA, or (iii) were in effect …
EU further calls for humanitarian sanctions clarification & relief
The EU’s High Representative for Foreign Affairs, Josep Borrell, has issued a further statement of support for the UN Secretary General and UN Human Rights Commissioner’s calls for the maximum use of humanitarian exceptions in sanctions regime (see post). The remarks say that “many people do not believe that they can engage in humanitarian assistance to Iran or Venezuela without …
IranCurrent 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: