UK Defence Club Soundings: Venezuelan Sanctions Update

The US Government's sanctions against Venezuela and, specifically, PdVSA, have been a significant focus of discussion since their implementation earlier this year. In this article, we provide an update on the situation and some clarity in relation to the application of the sanctions and how they may impact Members.

Continue reading in the latest Soundings from UK Defence Club.

Learn more about this and other cases by visiting the 'Insights' section of the UK Defence Club's website.

Staff Author

Thomas Miller Group

Date08/05/2019

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On 28th January, 2019, the US issued sanctions against Petróleos de Venezuela, S.A. (PdVSA).  Under Executive Order (EO) 13857 the US Department of the Treasury's Office of Foreign Assets Control (OFAC) included PdVSA as part of the "Government of Venezuela".