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On August 24, 2017, President Donald Trump signed Executive Order 13,808, imposing economic sanctions on Venezuela. Trump issued the order not long after Venezuelan President Nicolás Maduro convened an election to assemble a new Constituent Assembly that would have the power to rewrite the Venezuelan constitution. The sanctions prohibit U.S. individuals and entities from dealing in most transactions in new debt and equity with the government of Venezuela and its state-owned oil company, Petroleos de Venezuela, S.A. (PdVSA), but do not prohibit the import of Venezuelan oil.
