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).

Subscribe for full access

News

OFAC removes 2 Italian companies from Venezuela sanctions list

OFAC has delisted 2 Italian companies that were designated under Executive Order 13850 (Venezuela sanctions) on 19 January 2021, the final day of the Trump administration (see press release).  They are: AMG S.A.S. di Alessandro Bazzoni & C. and Serigraphiclab di Bazzoni Alessandro, both of which are owned by Alessandro Bazzoni, an Italian restaurant owner. According to various reports, OFAC …

VenezuelaVenezuela

Biden administration to review Venezuela sanctions regime & coordinate with allies

US senior administration officials have confirmed plans to review the effectiveness of the US sanctions regime concerning Venezuela. The decision comes in light of concerns that “unilateral sanctions, over the last 4 years, have not succeeded in achieving an electoral outcome in the country”, and that the Maduro regime has adapted to sanctions and sustained itself through illicit activity. See …

VenezuelaVenezuela

UN urges different action on Myanmar and Venezuelan sanctions

The UN Special Envoy for Myanmar, Christine Schraner Burgener, has called on member states to impose “hugely strong measures” against the Burmese military following the coup on 1 February 2021 and reports of increasing violence against protestors. In discussions with the army, Ms Schraner Burgener warned officials that strong measures may be taken, to which they responded: “we are used …

Burma / MyanmarBurma / Myanmar VenezuelaVenezuela

Venezuela & EU expel diplomats over sanctions

The Venezuelan government has declared the head of the EU delegation to Venezuela, Isabel Brilhante Pedrosa, as persona non grata, and has allowed Ms Pedrosa 72 hours to leave the country. The decision was made following the EU’s designation of 19 Venezuelan officials on 22 February 2021 (see post). Yesterday (25 February 2021), in response to the decision, the EU …

VenezuelaVenezuela

EU designates 19 Venezuelan officials

The EU has adopted Council Implementing Regulation (EU) 2021/275 and Council Decision (CFSP) 2021/276, which adds 19 Venezuelan officials to its sanctions list. The decision follows on from the EU’s conclusions and declaration on the Venezuelan national election held in December 2020, in which the National Assembly assumed its mandate on the basis of non-democratic elections that “failed to comply …

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

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