On July 31, 2017, the Department of Treasury, Office of Foreign Assets Control (OFAC) announced further sanctions against Venezuela, specifically targeting Venezuelan President Nicolas Maduro Moros. The sanctions against President Maduro are the second set of sanctions that the United States has imposed against Venezuela in the past week, as 13 Venezuelan individuals, including members of the Venezuelan government, were similarly sanctioned by OFAC on July 26, 2017. As a result of the sanctions, all of President Maduro’s assets in the United States have been frozen, and U.S. persons are prohibited from engaging in all dealings (direct and indirect) with him and any entities that are not specifically named on the List of Specially Designated Nationals (SDN), but are owned 50 percent or more in the aggregate by President Maduro.

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