Freehills client alert on Venezuelan sanctions - 9th April 2019
- During April and May 2019, OFAC has added a number of non US ships and owners to the SDN list, reinforcing the extra-territoriality of EO 13806 (see our May 2019 Soundings). Members are advised to continue to exercise extreme caution and due diligence before engaging in Venezuelan trade.
- On 28th January, 2019, OFAC the US issued sanctions against Petróleos de Venezuela, S.A. (PdVSA), designating it as a SDN and subjecting any transactions involving PdVSA or its majority owned entities to US sanctions. Read more in our articles here.