THE JOURNAL OF EXPORT CONTROLS AND SANCTIONS

Issue 76, February 2019

US government sanctions PdVSA and its subsidiaries

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By Glen Kelley, Jacobson Burton Kelley PLLC www.jbktradelaw.com   On 23 January, the recently elected President of the Venezuelan opposition-led National Assembly, Juan Guaido, declared himself the legitimate President of Venezuela citing provisions of the Venezuelan constitution. Immediately thereafter, in a pre-coordinated action, US President Trump stated that the US recognised him as such. Several dozen other countries have recognised Guaido as, and stated that Nicolas Maduro is no longer, the legitimate President of Venezuela, citing grave concerns over the 2018 re-election of Maduro, the impoverishment of the Venezuelan people, and corruption within the Maduro government. Several EU countries have...

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