Hogan Lovells Publications | International Trade Alert | 09 August 2019
U.S. moves towards (but stops short of) complete embargo on Venezuela
On 5 August 2019 the Trump administration issued Executive Order 13884 (the executive order) imposing sweeping sanctions against the government of Venezuela, including its agencies and instrumentalities as well as any entities owned or controlled by the Venezuelan government (collectively, the GOV).
The executive order is effective immediately and bars all dealings with the GOV by U.S. persons, subject to certain exceptions discussed below, including a wind-down period lasting until the end of day on 3 September 2019.
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