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Executive Orders Venezuela Oil & Gas

Bracewell LLP

Post Liberation Day --"Secondary Tariffs" Raise Costs Even Higher for International Actors

Bracewell LLP on

President Trump has used tariffs as a significant point of geopolitical leverage since the beginning of his second term. Indeed, his administration dubbed April 2, 2025 “Liberation Day” in honor of a sweeping set of tariffs...more

K2 Integrity

The Expanding U.S. Economic Statecraft: The Introduction Of “Secondary Tariffs”

K2 Integrity on

On 24 March 2025, President Trump issued Executive Order 14245 authorizing Secretary of State Marco Rubio to impose a 25 percent tariff on all goods imported into the United States from any country that directly or indirectly...more

Paul Hastings LLP

Venezuela Sanctions: Wind-Down of General License 41 and Introduction of ‘Secondary Tariffs’

Paul Hastings LLP on

The dynamic pace of early policymaking by the new U.S. administration has continued into the spring of 2025, including in the context of sanctions on Venezuela. While Venezuela is not, and has not been, subject to...more

Akin Gump Strauss Hauer & Feld LLP

Imposing Tariffs on Countries Importing Venezuelan Oil (Trump EO Tracker)

To combat Venezuela’s destabilizing actions and support for illicit activities, the Secretary of State in consultation with the Secretary of the Treasury, the Secretary of Commerce, the Secretary of Homeland Security and the...more

K&L Gates LLP

Implications of New “Secondary Tariff” Executive Order Targeting Importers of Venezuelan Oil

K&L Gates LLP on

On 24 March 2025, the White House issued an Executive Order threatening to impose a 25% tariff on all goods imported into the United States from any country that imports Venezuelan oil directly or indirectly through third...more

Troutman Pepper Locke

Unprecedented "Secondary Tariffs" for Oil Trade With Venezuela

Troutman Pepper Locke on

On April 2 — labeled “Liberation Day” by President Trump — the Trump administration is set to add a new sanctions-like boost to its tariff strategy, with a threat to impose unprecedented “secondary tariffs” of 25% on “all...more

Latham & Watkins LLP

White House Announces New Tariffs on Countries That Import Oil From Venezuela

Latham & Watkins LLP on

The tariff landscape continues to shift. On April 2, 2025, the current pause on tariffs for many Mexican and Canadian imports is set to expire, while tariffs on all countries importing Venezuelan oil are set to take effect....more

Husch Blackwell LLP

President Trump Issues Executive Order Imposing Tariffs on Imports of Goods Into the United States from Countries Sourcing Oil...

Husch Blackwell LLP on

On March 24, 2025, President Trump, pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (“IEEPA”), the National Emergencies Act ((50 U.S.C. 1601 et seq.), and section 301 of title 3, United...more

BCLP

Trump Administration Targets Government of Venezuela in Expanded Sanctions

BCLP on

In a show of support for Venezuelan Interim President Juan Guaidó last week, and in opposition to the Maduro regime, President Trump issued Executive Order 13884, which imposes blocking sanctions on the Government of...more

Akin Gump Strauss Hauer & Feld LLP

Podcast: Venezuela – The Roots and Future of U.S. Sanctions

In this episode, Akin Gump public law and policy senior advisor and former U.S. Rep. Ileana Ros-Lehtinen and international trade partner Nnedi Ifudu discuss U.S. sanctions on Venezuela. Among the topics covered: • the...more

BakerHostetler

New Sanctions Against Venezuela's State-Owned Oil Company

BakerHostetler on

Continued political turmoil in Venezuela has led to additional U.S. sanctions. On Jan. 25, 2019, President Donald Trump amended the various executive orders that authorize sanctions against the government of Venezuela to...more

White & Case LLP

United States Expands Venezuela Sanctions, Targets PdVSA

White & Case LLP on

On January 28, 2019, the Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Petróleos de Venezuela, S.A. (PdVSA) on the List of Specially Designated Nationals and Blocked Persons (SDN List). PdVSA...more

The Volkov Law Group

New U.S. Sanctions Against Nicolás Maduro Place Venezuelan Oil Squarely in the Crosshairs

The Volkov Law Group on

Venezuela is undergoing a political upheaval. Since his rise to power in 2013, the embattled Venezuelan President Nicolás Maduro has precipitated a humanitarian crisis that has driven some 3 million Venezuelans to flee...more

Akin Gump Strauss Hauer & Feld LLP

OFAC Sanctions Venezuelan State-Owned Energy Company PdVSA, Releases New General Licenses and FAQs for Venezuela Sanctions Regime

• On January 28, 2019, OFAC added the Venezuelan state-owned oil and natural gas company PdVSA to its SDN List. • As a result, U.S. persons are generally prohibited from engaging in transactions with PdVSA and entities that...more

K&L Gates LLP

Trump Administration Sanctions Venezuela’s State-Owned Oil Company PdVSA

K&L Gates LLP on

Overview - In a major expansion of U.S. sanctions against Venezuela, the Department of the Treasury, Office of Foreign Assets Control (“OFAC”), named Petróleos de Venezuela, S.A. (“PdVSA”)—Venezuela’s state-owned oil and...more

Cozen O'Connor

U.S. Lowers the (Oil) Boom on Venezuela

Cozen O'Connor on

As part of the U.S. strategy to isolate the Maduro regime in Venezuela and support Venezuelan opposition leader Juan Guaidó, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Venezuela’s...more

Holland & Knight LLP

OFAC Designates Petroleos de Venezuela S.A.; U.S. Expands Sanctions on Venezuelan Government - Additional Measures Also Taken...

Holland & Knight LLP on

• Pursuant to Executive Order 13850 (E.O. 13850), the U.S. Department of the Treasury's (Treasury) Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA), effectively blocking PdVSA's property...more

A&O Shearman

Sanctions Round Up: Third Quarter 2018

A&O Shearman on

Russia remained at the forefront this quarter, as the Trump Administration imposed new measures and markets reacted to the threat of additional, “crushing” sanctions from Congress on Russian sovereign debt. Meanwhile, EU...more

Holland & Knight LLP

President Imposes Additional Sanctions on Venezuelan Government in Wake of Election

Holland & Knight LLP on

• President Donald Trump has issued a new Executive Order expanding existing sanctions against the government of Venezuela and its instrumentalities, including the state-owned oil company, Petróleos de Venezuela (PdVSA). ...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Russian

ANTICORRUPTION DEVELOPMENTS – Canadian Mining Company Settles with SEC over FCPA Charges – On March 26, Kinross Gold Corporation settled with the Securities and Exchange Commission (SEC) over its alleged failure to...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - Chinese

ANTICORRUPTION DEVELOPMENTS – Canadian Mining Company Settles with SEC over FCPA Charges – On March 26, Kinross Gold Corporation settled with the Securities and Exchange Commission (SEC) over its alleged failure to...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - March 2018

ANTICORRUPTION DEVELOPMENTS – Canadian Mining Company Settles with SEC over FCPA Charges – On March 26, Kinross Gold Corporation settled with the Securities and Exchange Commission (SEC) over its alleged failure to...more

Ballard Spahr LLP

U.S. Bans Venezuela’s Oil-Backed Virtual Currency, “Petro,” and Announces Plans to Publish SDNs’ Virtual Currency Addresses

Ballard Spahr LLP on

Last week, President Donald Trump issued an Executive Order banning “all transactions” and “dealings” by any individual or entity in the United States that involve “any digital currency, digital coin, or digital token” issued...more

Perkins Coie

OFAC Warns that Venezuela’s Proposed Digital Currency May Violate U.S. Sanctions

Perkins Coie on

On January 19, 2018, the U.S. Office of Foreign Assets Control (OFAC), in response to a question, warned that a U.S. person’s acquisition of, or dealing in, a cryptocurrency that Venezuela intends to issue in the future may...more

King & Spalding

Venezuela Sanctions Update: U.S. Government Sanctions PdVSA

King & Spalding on

On August 24, 2017, President Trump issued Executive Order 13808 (“E.O. 13808” or the “Executive Order”) titled “Imposing Additional Sanctions With Respect to the Situation in Venezuela.” The Executive Order prohibits certain...more

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