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Breaking News: Donald Trump Signs New Executive Order That Prohibits Further Transactions with Venezuela

The new Executive Order blocks the Venezuelan government’s international financial options even further.

Caracas Chronicles

Photo: The Hill

Donald Trump just signed an Executive Order —effective at 12:30 p.m. EDT on May 21, 2018—  that prohibits all transactions by a United States person or within the US, related to, provision of financing for, and other dealings in:

  • The purchase of any debt owed to the Government of Venezuela, including accounts receivable;
  • Any debt owed to the Government of Venezuela that is pledged as collateral after the effective date of this order, including accounts receivable; and
  • The sale, transfer, assignment, or pledging as collateral by the Government of Venezuela of any equity interest in any entity in which the Government of Venezuela has a 50 percent or greater ownership interest.

The order also prohibits any transaction or conspiracy formed for the purpose of evading or avoiding, or attempts to violate any of the prohibitions set forth in this order.

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