The Expectations Brought by the 'New Venezuela': Realities and Opportunities with U.S. Support

Energy & Natural Resources attorney José Vicente Zapata was interviewed by Valora Analitik about the realities and opportunities that Venezuela's economic reactivation could bring, driven by greater regulatory flexibility and U.S. support in sectors such as energy and mining. The article highlighted that although macroeconomic and legal certainty challenges remain, the new environment could create meaningful opportunities for Colombian businesses, particularly because of geographic proximity, market familiarity and the ability to enter supply chains. Mr. Zapata noted that companies interested in these opportunities should proceed cautiously and make informed decisions, taking into account both the local regulatory framework and developments in the international landscape, including restrictions administered by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).

"For business leaders who have been looking at these interesting opportunities, it will be essential to have rigorous legal guidance that includes local regulatory issues, compliance and OFAC matters, verification of their operations with the United States in the context of their activities in Venezuela and, very particularly, a detailed strategic analysis of the risks and ways to mitigate them in the face of new changes," he said.

READ: The Expectations Brought by the 'New Venezuela': Realities and Opportunities with U.S. Support