Imposing Additional Sanctions With Respect to the Situation in Venezuela

What it means

This executive order imposes financial sanctions on Venezuela's government and state oil company, prohibiting U.S. persons from transactions involving new Venezuelan debt, bonds, or dividend payments. The restrictions target Venezuela's ability to raise funds amid concerns about human rights abuses and political repression.

Expected impact

• Restricts Venezuela's access to U.S. financial markets, limiting their ability to raise capital or restructure existing debt
• Increases economic pressure on Venezuela's government while attempting to avoid directly harming the Venezuelan people
• May accelerate Venezuela's economic crisis as the government struggles to manage debt obligations without access to new financing
• Could influence Venezuela's political leadership to address concerns about democratic processes and human rights
• Potential ripple effects in global oil markets as PdVSA (Venezuela's state oil company) faces financial constraints