On 5 August 2019, the Trump administration issued Executive Order 13884, imposing sweeping sanctions against the Government of Venezuela, including its agencies and instrumentalities as well as any entities owned or controlled by the Venezuelan government (collectively, the GOV).
The Executive Order is effective immediately and bars all dealings with the GOV by U.S. persons, subject to certain exceptions discussed in our article, including a wind-down period lasting until the end of day on 3 September 2019.
The announcement of the Executive Order follows a series of economic measures taken by the Trump administration to increase economic pressure on the Maduro regime, as well as Venezuela’s trading partners and financial supporters abroad.
Our article covers:
- a summary of what has happened and what it means
- the key changes to the Venezuela sanctions program
- what licenses have been newly issued
- the amended general licenses
You can download the full article below.
Next steps
Should you have any questions regarding the new Venezuela sanctions, please do not hesitate to contact one of the members of our International Trade and Investment group.
Authored by Anthony V. Capobianco, Lourdes Catrain, Brian Curran, Aline Doussin, Aleksandar Dukic, Ajay Kuntamukkala, Robert Kyle, Beth Peters, Stephen Propst, Anne Salladin, Adam Berry and Stephanie Lopez
