Table of Contents
What sanctions are imposed on Venezuela?
The sanctions included freezing of individuals’ accounts and assets, prohibiting of transactions with sanctioned parties, seizing of assets, arms embargoes and travel bans.
Is Venezuela sanctioned by OFAC?
OFAC issues general licenses in order to authorize activities that would otherwise be prohibited with regard to Venezuela. General licenses allow all US persons to engage in the activity described in the general license without needing to apply for a specific license.
Did Iran send oil to Venezuela?
In May 2020, Iran sent five oil tankers—Forest, Fortune, Petunia, Faxon, and Clavel—all under the flag of Iran, to Venezuela, followed by another tanker, Golsan, sent in June 2020.
Is Venezuela subject to US sanctions?
While E.O. 13884 blocks all property and interests in property of the Government of Venezuela that come into the possession or control of U.S. persons or U.S. jurisdiction, the Venezuelan people are not subject to comprehensive U.S. sanctions.
Who owns Venezuelan oil?
Government of Venezuela
PDVSA
| Type | State-owned enterprise |
|---|---|
| Net income | $828 million (2016) |
| Total assets | $189.7 billion (2016) |
| Owner | Government of Venezuela |
| Number of employees | 70,000 |
Who controls Venezuela now?
President of Venezuela
| President of the Bolivarian Republic of Venezuela | |
|---|---|
| Incumbent Nicolás Maduro since 5 March 2013 Disputed since 10 January 2019 | |
| Style | Mr. President (Señor Presidente) His Excellency (Su Excelencia) |
| Member of | Cabinet |
| Residence | La Casona (es) |
How much money did the us give Venezuela?
Since FY 2017, the United States has provided more than $1.4 billion in humanitarian assistance along with $272 million in economic, development, and health assistance to support the response to the crisis inside Venezuela and throughout the region.
What gas station is owned by Venezuela?
Citgo Petroleum Corporation
Citgo Petroleum Corporation (or Citgo, stylized as CITGO) is a United States–based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products….Citgo.
| Type | Private |
|---|---|
| Owner | Petróleos de Venezuela, S.A. |
| Number of employees | 3,400 (2020) |
| Website | www.citgo.com |
Is PDVSA subject to sanctions?
On January 28, 2019, the Treasury Department, following from consultation with the Department of State, determined that persons operating in Venezuela’s oil sector may now be subject to sanctions pursuant to E.O. 13850. As of January 28, Treasury has designated PDVSA for operating within this sector.
What is the Venezuela sanctions program?
Venezuela Currency Exchange Network Scheme – January 2019 The Venezuela-related Sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress.
What are the Iran sanctions?
Entities Owned By Blocked Persons – Guidance On Entities Owned By Persons Whose Property And Interests In Property Are Blocked The Iran Sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of executive orders issued by the President.
What is Executive Order 13850 V Venezuela?
Executive Order 13850, among other things, authorizes the imposition of blocking sanctions on persons determined by the Secretary of the Treasury, in consultation with the Secretary, to operate in the gold sector of the Venezuelan economy or in any other sector of the Venezuelan economy as may be determined by the Secretary of the Treasury, in