The Trump administration, on Tuesday 21 April, gave Chevron, the last major U.S. oil company still operating in Venezuela, until December 1 to “wind down” …
The U.S. Sanctions Rosneft trading unit for cooperating with Venezuela
Washington D.C. 18th February 2020 – The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned a unit of Russia’s largest oil producer Rosneft, …
OFAC. New sanctions, license, and protection on CITGO
Washington D.C. 20th January 2020 – The U.S. sanctioned Luis Parra and other lawmakers, who settled with Maduro’s regime a coup against Juan Guaido and …
U.S. Treasury Closes Loopholes in Venezuela Sanctions
D.C, 10th December 2019 – U.S. Treasury Department provided further information regarding licenses and sanctions from OFAC affecting Venezuelan assets in U.S. soil. The guidance …
OFAC shields CITGO from creditors until 22 January 2020
WASHINGTON, D.C., 9th September 2019 – The Office of Foreign Assets Control decided to modify General License 5, which authorizes transactions related to the PDVSA …
License allowing Chevron’s operations in Venezuela extended for 3 months
CARACAS (Reuters), 22nd October 2019 – The Trump administration decided to extend the waiver that allows Chevron to operate in Venezuela despite the sanctions imposed by …
Washington pushes EU for tougher sanctions on Venezuela
WASHINGTON, D.C. (Financial Times), 9th September 2019 – President Donald Trump’s envoy on Venezuela has attacked the EU as “unhelpful” and guilty of “miscalculation” over …
Chevron Lays Groundwork for Venezuela Exit on Waiver Jitters
CARACAS (Bloomberg), 3rd September 2019 – Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to …
China’s top energy company shuns Venezuela amid new US sanctions
CARACAS (AlJazeera), 19th August 2019 – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions …
U.S. Venezuela-related sanctions
On March 8, 2015, the US government imposed for the first time sanctions against individuals associated with President Maduro’s government. These first sanctions were initially …