ECOFIN - Economic and Financial Affairs Council

12/15/2025 | Press release | Distributed by Public on 12/15/2025 03:22

Venezuela: Council renews restrictive measures by one year 10:12 The Council decided to renew restrictive measures in view of the situation in Venezuela until 10 January 2027.[...]

Today, the Council decided to prolong the duration of the existing restrictive measures in view of the situation in Venezuela for a further year, until 10 January 2027.

This decision was taken in light of the persistent actions undermining democracy and the rule of law, as well as continued human rights violations and the repression of civil society and democratic opposition, including in relation to the conduct of and developments following the Presidential Elections of 28 July 2024.

Currently sixty-nine individuals are listed and therefore subject to an asset freeze and a prohibition on the provision of funds or economic resources both directly and indirectly. Additionally, they are subject to travel bans in the European Union.

Background

The EU introduced restrictive measures on Venezuela in November 2017. The measures include an embargo on arms and on equipment for internal repression, and the imposition of travel bans and asset freezes on listed individuals.

As set out in an EU statement dated 10 January 2025, the aim of the EU's targeted restrictive measures is to support a negotiated and democratic solution to the crisis in Venezuela. The EU has not adopted any measure that could inflict harm on the Venezuelan people or on the economy. The responsibility for ending the crisis in Venezuela lies with its authorities. The reversal of EU sanctions will depend on tangible progress in human rights and the rule of law in Venezuela, along with meaningful steps towards genuine dialogue and a democratic transition.

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