US Imposes Sanctions on Venezuelan Government Securities

August 29, 2017

The United States announced new sanctions against the Venezuelan Government on August 25, 2017 that target the government’s ability to access U.S. debt and equity markets. The measures are intended to pressure Venezuelan President Nicolas Maduro to reverse policies widely viewed as repressing democratic processes and human rights in Venezuela. Under the new sanctions, U.S. persons are now prohibited from dealing in certain debt and/or equity instruments issued by, on behalf of, or for the benefit of the Venezuelan Government and its instrumentalities, including the state-owned Petroleos de Venezuela, S.A. (“PDVSA”).

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