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Foreign Investment General Licenses Oil & Gas

Holland & Knight LLP

OFAC Terminates License Authorizing Certain Petroleum-Related Activities in Venezuela

Holland & Knight LLP on

President Donald Trump announced on Feb. 26, 2025, that he was reversing the authorization granted to Chevron Corp. and its subsidiaries (Chevron) by the Biden Administration as a concession aimed at promoting free elections...more

Latham & Watkins LLP

Sanctions Update: UK Bans New Investment in Russia and Imposes Significant Additional Sanctions

Latham & Watkins LLP on

The ban hits new investment in Russia and certain professional services, while also restricting imports of Russian oil, coal, and gold and exports of key industrial goods. This Client Alert is published in the context of...more

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