Topic
Executive Order 13850
21 published works
Cleary Foreign Investment and International Trade Watch
OFAC Issues GL 52, Further Loosening Sanctions Against PdVSA
By Chase D. Kaniecki, Samuel H. Chang, Yulia A. Solomakhina, Ana Carolina Maloney, Kerry Mullins
On March 18, 2026, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) issued General License (GL) 52, authorizing certain transactions involving Petróleos de Venezuela, S.A. (PdVSA),…
International Compliance Blog
Three Key Takeaways from OFAC’s Latest Venezuela Sanctions Actions
By Evan Abrams, Peter Jeydel, Brian Egan, Ed Krauland
On June 18, 2020, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the addition of three individuals and eight entities to its list of Specially…
SmarTrade
OFAC Issues General License 37 After Blocking Entities and Vessels Operating in Venezuela’s Oil and Shipping Sectors
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it has issued General License (“GL”) 37 (Authorizing the Wind Down of Transactions Involving Delos Voyager…
International Trade Insights
OFAC Extends General License for Companies Doing Business with PDVSA Affiliate Nynas AB
By Cortney Morgan, Camron Greer
The U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued General License 13E (“GL 13E”), authorizing certain activities involving Nynas AB, a Swedish manufacturer of specialty oils…
International Compliance Blog
UPDATE: US Sanctions Second Rosneft Subsidiary for Venezuela Oil Trade
By Nicholas Turner, Peter Jeydel, Brian Egan
On 12 March 2020, OFAC designated Switzerland-based oil broker and Rosneft subsidiary TNK Trading International SA (“TNK Trading”) as a Specially Designated National (“SDN”) pursuant to Executive Order 13850 for…
International Compliance Blog
US Sanctions Rosneft Subsidiary and a Rosneft Director and Vice President for Venezuela Oil Trade
On February 18, 2020, OFAC designated Switzerland-based oil broker Rosneft Trading SA (“Rosneft Trading”), a subsidiary of Rosneft Oil Company, as a Specially Designated National (“SDN”) for “operating in the…
The Cyprus Lawyer
Cyprus Company breached OFAC Sanctions
By HSharpe
On the 24th of September 2019 the U.S Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated four companies in accordance with Executive Order 13850 of November 1,…
SmarTrade
Trump Administration Further Tightens Economic Sanctions and Trade Restrictions on Venezuela
By Thompson Hine International Trade
During the month of May while President Donald Trump’s escalating trade war with China was garnering most of the headlines, the Trump administration also continued to apply economic pressure on…
Cleary Foreign Investment and International Trade Watch
Venezuela Sanctions Tighten: OFAC Sanctions the Venezuelan Central Bank and Senators Propose Sanctions Legislation
By Paul Marquardt, Michael G. Sanders
On April 17, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that the Central Bank of Venezuela has been designated as a specially designated…
The Trade Practitioner
OFAC Issues New Venezuela-related Executive Order and General Licenses
On January 28, 2019, the Department of Treasury's Office of Foreign Assets Control (OFAC) announced that it has designated Petroleos de Venezuela, S.A. (PdVSA) following Executive Order (E.O.) 13850, after a determination by…