Tag Archives: Venezuela

U.S. Announces New Sanctions against Cuba, Venezuela and Nicaragua

By Bruce Zagaris On April 17, 2019, the United States government announced new sanctions against Cuba, Venezuela, and Nicaragua. In a Miami speech, National Security Advisor John Bolton announced the Trump administration is reimposing limits on the amount of money … Continue reading

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U.S. extends economic sanctions on Venezuela to its Central Bank

On April 17, 2019, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced that it had designated Banco Central de Venezuela (Banco Central), the country’s Central Bank, as subject to U.S. economic sanctions. A current director also was sanctioned; … Continue reading

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In Targeting Venezuela, The Trump Administration Targets Cuba

On April 5, 2019, the Trump administration announced its decision to issue sanctions against 34 ships owned or operated by Petroleos de Venezuela, S.A., the state-run oil company. The administration also levied sanctions against two international companies that ship Venezuelan … Continue reading

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Paying (or not) fees on registered US patents and trademarks in Venezuela in cryptocurrency

Last month, the Venezuelan Ministry of National Commerce issued a notice requiring patent and trademark fees to be paid in the cryptocurrency issued by the Venezuelan government — the Petro, which supposedly is backed by Venezuela’s oil and mineral reserves. … Continue reading

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Venezuela and U.S. trademark owners

US owners of patents and trademarks who have registered them in Venezuela find themselves in the unusual position of being prohibited by the US government from paying Venezuela any required fees in the Venezuelan cryptocurrency, the Petro.  For more information, please … Continue reading

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