Prohibiting Certain Additional Transactions With Respect to Venezuela
Headline: Prohibits United States Transactions Involving Venezuelan Government Debt and Equity
What it does: Agencies must prohibit U.S. persons and U.S. transactions from buying Venezuelan government debt or handling certain Venezuelan government-owned equity.
- Stops U.S. persons and businesses from buying Venezuelan government debt.
- Prevents Venezuelan government from pledging debt or majority equity as collateral to U.S. parties.
- Requires the Treasury to issue rules and enforce the prohibitions through U.S. agencies.
Summary
This order prohibits United States persons and anyone in the United States from buying debt owed to the Government of Venezuela, from dealing in Venezuelan government debt pledged as collateral after the order, and from handling sales or transfers of majority-owned Venezuelan company equity.
It targets the Venezuelan government, its state entities (including the Central Bank and Petroleos de Venezuela (PdVSA)), United States citizens, residents, companies, and people doing business in the United States. The administration says the measures respond to economic mismanagement, corruption, repression, and worsening humanitarian and public health conditions in Venezuela.
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