After successfully forestalling a potential U.S. government shutdown earlier this year, the threat once again looms if the U.S. Congress fails to reach an agreement on spending bills for the next fiscal year.
Chevron appears to be in Venezuela to recoup money from the OPEC country while confronting a number of headwinds, including political uncertainties and a now truncated General License No. 44.
On May 19, 2023 the United States, in coordination with the G7 and other international partners, imposed more than three-hundred new sanctions on Russia for its war in Ukraine.
On October 17, 2023, the Government of Nicolás Maduro and opposition parties in Venezuela entered into an agreement on an "electoral roadmap", including international monitoring, for elections.
As the standoff in Congress on the budget threatens to shut down vast swaths of the federal government, we write to remind clients about how a federal government shutdown would affect international trade and investment.