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ARTICLE · 09 AUGUST 2019

U.S. Imposes Partial Embargo On Venezuela

Ropes & Gray LLP
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On August 5, 2019, President Donald Trump issued an "Executive Order on Blocking Property of the Government of Venezuela" (the "Order").

United StatesInternational Law
Ama Adams
Ama Adams
Brendan Hanifin
Brendan Hanifin
Emerson Siegle
Emerson Siegle
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On August 5, 2019, President Donald Trump issued an “Executive Order on Blocking Property of the Government of Venezuela” (the “Order”). The Administration’s latest effort to ratchet up pressure on the Maduro regime represents a significant expansion of U.S. sanctions targeting Venezuela. However, the new Order does not impose a comprehensive embargo against Venezuela, and OFAC has issued (and re-issued) a wide range of general licenses authorizing certain transactions involving the Government of Venezuela (“GOV”). Parties with Venezuela touchpoints are well-advised to carefully consider the effects of these new (and complex) restrictions.

Unpacking the Order

What does the Order do?

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