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).

The UK adopted The Venezuela (Sanctions) (EU Exit) Regulations 2019 at the end of the Brexit transition period. It aims to encourage the government of Venezuela to respect democratic principles, comply with international human rights law, and respect human rights.

Subscribe for full access


EU Court upholds 2018 listings of Venezuelan Vice President

The European General Court has dismissed an application brought by Venezuelan Vice President Delcy Eloina Rodríguez Gómez to annul the June and November 2018 acts maintaining her designation on the EU Venezuela sanctions list (previous post). Case T-553/18. The Court dismissed the application because the Council had sufficient evidence to show that, in her former positions as President of the …


OFAC issues Venezuela General Licence 5G and FAQ

OFAC has issued Venezuela-related General Licence (GL) 5G, which delays until 21 October 2021 the authorisation of US persons to engage in transactions related to the provision of financing for/other dealings in the Petróleos de Venezuela, S.A. (PdVSA) 2020 8.5% bond otherwise prohibited by subsection 1(a)(iii) Executive Order (E.O.) 13835. GL 5F is replaced and superseded in its entirety. Notice. …


EU General Court annuls sanctions listings of 1 Venezuelan official & dismisses 8 other challenges

The EU General Court has annulled the sanctions listings of 1 Venezuelan official and dismissed 8 applications made by another 7 former and current officials to annul their listings. All applicants were listed (and re-listed) variously in January 2018, June 2018 and November 2018. The judgments (all 14 February 2021): Antonio José Benavides Torres (T-245/18 and T-35/19); Socorro Elizabeth Hernández …


OFAC issues Venezuela-related General Licence 40

OFAC has issued Venezuela-related General Licence (GL) 40, which authorises certain transactions and activities prohibited by Executive Order (E.O.) 13850 (as amended by E.O. 13857), or E.O. 13884, that are related to the exportation/reexportation of liquefied petroleum gas to Venezuela and involve the Venezuelan Government, Petróleos de Venezuela, S.A. (PdVSA), or any entity in which PdVSA owns a 50% or …


European Court says Venezuela has standing to challenge sanctions

The European Court of Justice has set aside the General Court’s judgment (T-65/18, 20 September 2019) that declared inadmissible Venezuela’s application to annul the EU’s Venezuela sanctions imposed by Council Regulation (EU) 2017/2063 (previous post). Case C-872/19 P. The Court held that the state of Venezuela can challenge those sanctions in the General Court because it: is a “legal person”; …


Current Sanctions



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


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

Venezuela (Sanctions) (EU Exit) Regulations 2019, SI 2019/135