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HomeInsightsEU extends sanctions on Venezuela for one year

EU extends sanctions on Venezuela for one year

BRUSSELS, Belgium —  The EU Council on Thursday extended the EU sanctions regime against Venezuela for one year, until November 14, 2021.

The decision was taken in light of the ongoing political, economic, social and humanitarian crisis in Venezuela, with persistent actions undermining democracy, the rule of law and respect for human rights. The measures include an embargo on arms and on equipment for internal repression, as well as a travel ban and an asset freeze on 36 listed individuals in official positions who are responsible for human rights violations and/or for undermining democracy and the rule of law.

These measures are intended to help encourage democratic shared solutions in order to bring political stability to the country and allow it to address the pressing needs of the population. The targeted measures are flexible and reversible and designed not to harm the Venezuelan population.

The relevant legal act will be published in the Official Journal of the European Union on November 13, 2020.

Related:

The Council’s response to the crisis in Venezuela

Venezuela: eleven officials added to sanctions list, press release 29 June 2020

Consolidated text: Council Regulation (EU) 2017/2063 of 13 November 2017 concerning restrictive measures in view of the situation in Venezuela, 29 June 2020

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