President Trump has signed an Executive Order limiting the Venezuelan government’s access to the U.S. financial system.  The new sanctions are the latest in a quick succession of U.S. sanctions measures issued in response to the deteriorating political situation in Venezuela.  Notably, while previous U.S. sanctions directives targeted specific Venezuelan individuals and entities only, the new sanctions, for the first time, target the Venezuelan government and the Venezuelan state oil company, Petróleos de Venezuela, S.A. (PDVSA).

Continue Reading.