January 28, 2019

Petróleos de Venezuela sanctioned

Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A. (“PDVSA”) has been designated by the Office of Foreign Assets Control of the US Department of the Treasury.  Property and interests in property held by PDVSA and its subsidiaries will now be blocked; however, several general licenses allow certain activities related to PDVSA to continue.

OFAC press release