United States Imposes New Sanctions on Venezuela

28 August 2017
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Key takeaways

  • On Friday, the Trump administration imposed sanctions on Venezuelan government entities, including the Venezuelan oil company PdVSA.
  • The sanctions bar certain transactions in equity and debt, including existing securities in some cases.
  • General licenses create some carve-outs from the sanctions, including for transactions with CITGO and transactions involving certain pre-existing Venezuelan bonds.