Venezuela-Related Sanctions

Venezuela-Related Sanctions, Department of the Treasury

On March 9, 2015, the President announced a new Executive Order (E.O) “Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Venezuela.” The targeted sanctions in the E.O. implement the Venezuela Defense of Human Rights and Civil Society Act of 2014 signed into law by President Obama on December 18, 2014, and also go beyond the requirements of this legislation. This new authority is aimed at persons involved in or responsible for the erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses in response to antigovernment protests, and arbitrary arrest and detention of antigovernment protestors, as well as the significant public corruption by senior government officials in Venezuela. The E.O. does not target the people or economy of Venezuela.

For individuals and entities designated for the imposition of sanctions pursuant to the E.O., their property and interests in property are blocked and U.S. persons wherever located are prohibited from engaging in any transactions or dealings with such individuals or entities, including their property and interests in property. The E.O. also suspends the entry into the United States of individuals meeting the criteria for economic sanctions. Except as authorized by the Secretary of State, designated individuals will not be permitted to travel to the United States.

The E.O. and these targeted sanctions demonstrate the United States’ commitment to advancing respect for human rights, safeguarding democratic institutions, and protecting the U.S. financial system from the illicit financial flows from public corruption in Venezuela. We will continue to work closely with others in the region to support greater political expression in Venezuela, and to encourage the Venezuelan government to live up to the region’s shared commitment to promote and defend democratic governance.

Laws and Regulations

Remarks and Releases