Tagged: OFAC PDVSA Sanctions

OFAC Implements Broad Sanctions Against Venezuela

OFAC Implements Broad Sanctions Against Venezuela

In a major announcement and escalation of the sanctions regime targeting President Maduro and Venezuela, on August 5, 2019, the Trump Administration issued a new Executive Order 13884 (Here) to block all property of the Venezuela Government.  The aggressive action was implemented to target the Maduro regime.  At the same time, OFAC issued 12 amended general licenses (Here) and 13 new general licenses (Here), and...