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Expert Analysis

How Newly Broadened Venezuela Sanctions Affect Securities

By Juan Azel, Rail Seoane and Juan Olano ( February 15, 2019, 1:58 PM EST) -- On Monday, Feb. 11, 2019, following the addition of Petróleos de Venezuela SA to the Specially Designated Nationals and Blocked Persons List, the U.S. Treasury Department's Office of Foreign Assets Control amended two of the general licenses that authorize activities otherwise prohibited by U.S. sanctions toward Venezuela — one related to dealings in certain bonds, and the other to dealings in certain securities....

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