(PdVSA), any person owned or controlled, directly or indirectly, by the foregoing, and any person who has acted or purported to act directly or indirectly for or on behalf of, any of the foregoing, including as a member of the Maduro regime.” In other words, these new sanctions apply broadly to include not only all aspects of the Venezuelan government, but also all Venezuelan state-owned or state-controlled companies. The Executive Order defines the “Government of Venezuela” to include “the state and Government of Venezuela, any political subdivision, agency, or instrumentality thereof, including the Central Bank of Venezuela and Petroleos de Venezuela, S.A. persons from conducting any transactions with the Venezuelan government without prior U.S. Most importantly, the new Executive Order blocks or freezes all property and assets of the Venezuelan government in the United States or in the possession or control of a U.S. persons are subject to several prohibitions regarding dealings with certain Venezuelan individuals and entities. For example, the Executive Order does not generally prohibit dealings with Venezuela’s private sector, or with Venezuelan nationals ordinarily resident in Venezuela. That said, the United States has not imposed a comprehensive embargo against Venezuela, such as the embargoes currently in place against Cuba, Iran, North Korea, Syria, and the Crimea region. In guidance issued shortly after the Executive Order, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) stated that these sanctions are designed to restrict the Maduro regime’s sources of revenue and hold accountable those who prevent the restoration of democracy in Venezuela. sanctions against the Venezuelan government in response to the Nicolás Maduro regime’s corrupt practices and human rights abuses. This sweeping executive action comes after several rounds of escalating U.S. On August 6, 2019, the President issued an Executive Order imposing new sanctions against the government of Venezuela.

Dying light 2 review embargo