Skadden has published an article which provides an overview of recent developments in Venezuela-related sanctions in the US and the EU, where authorities have imposed new sanctions in response to ongoing political developments. It says that since 2014 Venezuela has faced an increasingly hardened sanctions regime imposed by western nations. The article focuses on the US and the EU Venezuela-related sanctions, several other jurisdictions have also issued sanctions against Venezuela, such as Canada. It provides an overview of the US and EU Venezuela-related sanctions, discusses compliance challenges for businesses navigating Venezuela-related sanctions and provides practical guidance to ensure compliance.
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