How U.S. Companies May Return to Venezuela and Be Compliant
Washington has three ways to provide sanctions relief to the country and PDVSA. The cases of Syria, Sudan, and Iraq serve as historical references.
The head of security at Caracas’ Simón Bolívar International Airport in recent years was rumored to be nicknamed “Sacapasaportes”—he who takes away passports. He was said to lead a criminal ring whereby his associates in the crowded terminals would act like official airport personnel, request and confiscate passengers’ passports, and then demand that victims pay hundreds of dollars in bolivares to get them back. If victims didn’t have cash, they would be directed to the airport convenience store to “purchase” hundreds of dollars’ worth of goods with their credit cards,...
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