Imposing Additional Sanctions With Respect to the Situation in Venezuela
Headline: Imposes Financial Sanctions on Venezuela's Government and Oil Company
What it does: The order directs the Treasury, with State consultation, and other agencies to implement and enforce financial prohibitions on transactions with the Venezuelan government and its state oil company.
- Stops U.S. persons from buying most Venezuelan government and oil company debt.
- Prohibits dividend payments or profit transfers to the Venezuelan government.
- Grants Treasury authority to issue rules and require agency enforcement of sanctions.
Summary
This order blocks a range of financial transactions between U.S. persons and the Venezuelan government and its state oil company. It bans new long-term debt, many purchases of Venezuelan securities, and transfers of dividends to the government.
The order says these measures respond to human rights abuses, corruption, and a worsening humanitarian crisis. It authorizes the Treasury, with State consultation, to write rules and enforce the sanctions while other agencies take steps to implement them.
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