Venezuela Sanctions Snapshot: Current U.S., UK, and EU Measures
As of March 7, 2026, U.S. sanctions and export controls on Venezuela remain restrictive in practical effect, alongside parallel UK and EU targeted regimes. This update summarizes the core U.S. framework, export-control posture, and key UK/EU measures, plus practical compliance recommendations.
Export controls: DOJ sentencing for Russia exports
The U.S. Department of Justice announced a criminal sentencing involving the unlawful export of controlled aviation technology to Russia. The case highlights export diversion tactics and emphasizes the need for due diligence, product classification, and training under the EAR.
USCIS FY 2027 H-1B Cap Registration Opens
USCIS has opened the FY 2027 H-1B cap electronic registration period. This cap season includes DHS’s weighted selection process effective February 27, 2026, tied to OEWS wage levels, and highlights a separate $100,000 payment requirement described in USCIS’s H-1B FAQ.
OFAC Venezuela FAQs: U.S. sanctions guidance
OFAC updated Venezuela-related Frequently Asked Questions on March 4, 2026, providing interpretive guidance on U.S. sanctions and export controls affecting Venezuela’s energy sector, including clarified interpretations for transactions involving Venezuelan-origin oil under general licenses.
U.S. sanctions and Venezuela: key considerations
Following recent political developments in Venezuela, US sanctions remain a major factor shaping business and market access. This update outlines the current sanctions landscape, implications for companies, administration signals on the oil sector, and potential paths for adjustment.