On August 24, 2017, the President of the United States issued an Executive Order (the “Executive Order”), entitled “Imposing Additional Sanctions with Respect to the Situation in Venezuela,” in response to recent actions and policies of the Government of Venezuela, including establishment of the Constituent Assembly, as well as human rights abuses, public corruption and repression and persecution of political opposition. The Executive Order represents a significant expansion of sanctions that were originally imposed in connection with the national emergency declared in Executive Order 13692 of March 8, 2015.
