OFAC FAQ (Current) # 515 - Venezuela Sanctions - Executive Order 13808 of August 24, 2017

Date issued: Jul. 19 2018

TURBOFAC Commentary (87 words)

Notes:

Note: this FAQ and comments thereto were posted/written prior to the blocking of the Government of Venezuela pursuant to EO 13884. Neither the FAQ nor the comment have been updated in light of that development.

1) Note how Section 1(b) of EO 13808 differs Section 1(a)(i)-(iv), as well as the Russia-related directives pertaining to new debt and equity.

This is the only instance in which prohibitions specific to debt/equity attach to securities owned by sanctioned parties but issued by non-sanctioned parties.