Topic
Executive Order 13850
21 published works
International Compliance Blog
Venezuela Sanctions and Brazil’s Leadership
By Marcia Pulcherio, Jack Hayes, Brian Egan
This Tuesday, March 19, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on CVG Compañía General de Minería de Venezuela CA (Minerven), the Venezuelan state-run…
Cleary Foreign Investment and International Trade Watch
OFAC Issues Guidance on PdVSA Designation and Further Restricts Dealings in Venezuelan Debt
By Paul Marquardt, Nathanael Kurcab
On February 1, 2019, the U.S. Department of Treasury’s Office of Foreign Assets Control issued FAQs providing guidance on the designation of Petróleos de Venezuela, S.A. under Executive Order 13850…
International Trade Law
All or Nothing? OFAC Adds PdVSA to the SDN List
By Cari Stinebower, Dj Wolff, Eduardo Mathison, Alexandra Solórzano
On January 28, 2019, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petróleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 – “Blocking Property of Additional Persons Contributing…
SmarTrade
New Sanctions Imposed on Venezuela Include PdVSA; Eight New OFAC General Licenses Released
By Thompson Hine International Trade
On Friday, January 25, 2019, President Trump issued a new Executive Order expanding the current sanctions imposed on the government of Venezuela to target the country’s state-owned oil company Petróleos…
International Compliance Blog
Trump Administration Designates PdVSA, Issues General Licenses
By Evan Abrams, Jillian Norton
On January 28, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the designation of Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PdVSA) as a…
Trade and Manufacturing Monitor
New Sanctions on Venezuela’s National Oil Company, PDVSA
Yesterday, the Office of Foreign Assets Control (“OFAC”) listed Petroleos de Venezuela, S.A. (“PdVSA”) as a Specially Designated National (“SDN”) pursuant to its authority under Executive Order 13850. As a…
International Trade Law
U.S. Targets Gov’t of Venezuela and PDVSA with New Factoring Sanctions
On May 21, President Trump issued a new Executive Order (E.O.) “Prohibiting Certain Additional Transactions with Respect to Venezuela.” The new E.O. targets the Venezuelan Government’s ability to factor receivables and…
Trade and Manufacturing Monitor
New Venezuela Sanctions Announced; Future Sanctions Against Venezuelan Oil Threatened
By Kelley Drye
Yesterday, the President issued a new Executive Order (E.O.) prohibiting certain financial transactions involving the Venezuelan government, including Petroleos de Venezuela, S.A. (PdVSA), the state-owned oil company. Under the new…
Cleary Foreign Investment and International Trade Watch
U.S. Sanctions Venezuela’s “Petro” Cryptocurrency Amid Broader Trend of Sanctioned and Rogue Regimes Experimenting with Digital Assets
On March 19, 2018, President Trump issued an Executive Order prohibiting all U.S. persons and residents from transacting in digital currencies issued by the Government of Venezuela, including the country’s…
International Trade Law
New Executive Order Adds New Sanctions Against Venezuela’s Petro Cryptocurrency
By Cari Stinebower, Jeffrey L. Snyder, Dj Wolff, Alexandra Solórzano
On March 19, President Trump issued an Executive Order (E.O.) “Taking Additional Steps to Address the Situation in Venezuela.” This E.O. aims to take further action against the Venezuelan Government’s…