On January 28, 2019, the Department of Treasury’s Office of Foreign Assets Control (OFAC) announced that it has designated Petroleos de Venezuela, S.A. (PdVSA) following Executive Order (E.O.) 13850, after a determination by Treasury Secretary Steven T. Mnuchin and Secretary of State Michael Pompeo that PdVSA was operating in the Venezuelan oil sector. Additionally, OFAC has amended General License 3 and it has issued the new Venezuela-related General Licenses 7 – 14.
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US-EU: Export Controls and Sanctions Update January - March 2019
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The Trade Practitioner
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European Union, USA
March 25 2019
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Christopher R. Merritt
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Safran USA Inc
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