On March 31, 2020, the US Government issued a proposed framework for a peaceful democratic transition in Venezuela.  The framework outlines 13 steps for a restructured Government of Venezuela (“GOV”) that, if followed, would lead to the lifting of US sanctions on the GOV, Petróleos de Venezuela, S.A. (“PdVSA”), and other GOV officials and agencies. 

Read more on our Sanctions & Export Controls Update.