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ARTICLE · 03 APRIL 2025

Weekly Sanctions Update: March 31, 2025

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The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team.

United StatesInternational Law
Steptoe LLP
Steptoe LLP

The Sanctions Update is compiled by Steptoe's International Trade and Regulatory Compliance team and Steptoe's Strategic Risk team. You can subscribe to receive the Sanctions Update every week through Steptoe's International Compliance Blog and Stepwise Risk Outlook publication home pages.

For more information or advice on any of the developments discussed below, please contact a member of our sanctions team here.

US Developments

Trump Imposes "Secondary" Tariffs on Importers of Venezuelan Oil

President Trump issued an Executive Order (EO) authorizing the imposition of a 25 percent tariff on goods imported into the US from any country that imports Venezuelan-origin crude oil or petroleum products, whether directly from Venezuela or via third parties. As of April 2, 2025, the Secretary of State is authorized to determine which countries the tariff will be imposed upon. The Secretary of Commerce is authorized to undertake a variety of additional measures to

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