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Venezuela: Overview of U.S. Sanctions

(EEUU, 02/06/2020) For more than a decade, the United States has imposed sanctions in response to activities of the Venezuelan government and Venezuelan individuals. In response to the authoritarian leadership of Nicolás Maduro, the Trump Administration has significantly expanded sanctions. As of June 1, 2020, the Treasury Department has imposed sanctions on at least 144 Venezuelan or Venezuelanconnected individuals, and the State Department has revoked the visas of hundreds of individuals and their families.

The Trump Administration also has imposed sanctions on Venezuela’s state oil company (Petróleos de Venezuela, S.A., or PdVSA), government, and central bank. Sanctions have increased economic pressure on the Maduro
government, accelerating a decline in oil production. Nevertheless, Maduro remains in power a year and a half since the United States ceased to recognize his presidency.

The Trump Administration has promised continued support to National Assembly President Juan Guaidó, whom The United States and 57 governments recognize as interim president of Venezuela. In 2020, Treasury has sanctioned two subsidiaries of the Russian state-controlled Rosneft Oil Company for facilitating Venezuelan oil exports and four shipping companies for transporting Venezuelan oil.

Venezuela: Overview of U.S. Sanctions (PDF / 428 KB)