New restrictions prohibit dealings between US persons and the Government of Venezuela.

On August 5, 2019, President Trump issued Executive Order (E.O.) 13884, entitled “Blocking the Property of the Government of Venezuela.” The E.O. blocks all property and interests in property of the Government of Venezuela that come into the possession or control of United States persons and prohibits US persons from dealing in any such property. While previous sanctions targeted certain elements of the Government of Venezuela, including President Maduro, the Central Bank of Venezuela, and the state owned oil company Petróleos de Venezuela, S.A. (PdVSA), the new sanctions extend prohibitions to the entire government and all state-owned or controlled entities.