Regulation No 2063/2017 on restrictive measures against Venezuela

CAD Eurocad s.p.a.Novità @enLeave a Comment

It is reported that Regulation No 2063/2017 on restrictive measures against Venezuela was published on 13 November in view of the situation created.

According to art. 1 of that Regulation is prohibited:

(a) Sell, supply, transfer or export directly or indirectly equipment used for internal repression (the list of equipment listed in Annex I to the Reg.), whether or not originating in the EU, to any natural or legal person, entity or body in Venezuela or intended for use in Venezuela;

b) Provide, either directly or indirectly, technical assistance and services relating to the above equipment to ANY physical or legal person, entity or body in Venezuela or intended for use in Venezuela;

c) Provide, either indirectly or directly, financing or financial assistance (including loans and export credit insurance) relating to the above equipment to ANY physical or legal person, entity or body in Venezuela or intended for use in Venezuela.

Exports of the above equipment require a special authorization

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