OFAC Escalates Venezuela Sanctions

By Ama Adams, Brendan Hanifin and Emerson Siegle (January 31, 2019, 3:21 PM EST) -- On Jan. 28, 2019, the U.S. Department of the Treasury's Office of Foreign Assets Control added Petróleos de Venezuela SA, Venezuela's state-owned oil and gas company, to its List of Specially Designated Nationals and Blocked Persons, known as the SDN list. OFAC's action represents a significant escalation of U.S. sanctions targeting Venezuela....

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