By Maya Lester KC & Michael O’Kane

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.

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EU judgment in Venezuela case on international law & sanctions

In 2021, the European Court of Justice held that Venezuela had standing to challenge the EU’s Venezuela sanctions regime (previous post). In a judgment this week, the Grand Chamber of the EU General Court rejected that challenge (press release).  Key points: 1. Right to be heard: the Venezuelan government did not have the right to be heard before the adoption …


International and national criticism of US sanctions on Cuba and Venezuela

The EU and the Community of Latin American and Caribbean States (CELAC) last month gave a joint declaration criticising the re-designation of Cuba as a state sponsor of terrorism and the extra-territorial effect of the US embargo against Cuba (press release). The Caribbean Community (CARICOM) called for the removal of US sanctions on Venezuela last month to allow for countries …

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US makes removals from Russia and Venezuela lists

Last week, the US removed Didier Casimiro, former VP of Rosneft, from its Russia list.  Mr Casimiro is not listed by the EU but he is still listed by the UK and Canada (previous post, previous post). Carlos Alberto Rotondaro Cova, former Venezuelan army General, was removed from the US Venezuela list (notice).

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OFAC issues Venezuela-Related General License and hostages regulations

OFAC today issued Venezuela-Related General License 40B, “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela” (notice): continuing the authorisation until 10 July 2024 of the exportation of liquefied petroleum gas to the government of Venezeula, Petróleos de Venezuela, S.A. (PdVSA) or any entity which owned by PdVSA. OFAC have also issued regulations (notice) to implement …


OFAC issues updated Iranian, Syrian and Venezuelan General Licenses

On 14 June 2023 OFAC issued 3 separate General Licenses (GL) covering Iran, Syria and Venezuela intended to facilitate COVID-19 related transactions. OFAC has issued: Iran-related General License N-2 authorizing exportation and importation of current and previous goods, technology and services related to the prevention, diagnosis, or treatment of COVID-19 (including research or clinical studies relating to COVID-19) Venezuela-related GL…...

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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 Implementing Regulation (EU) 2021/1959


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

Council Decision (CFSP) 2021/1965

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

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