The Embargo Deepens As Adobe And Oracle Leave Venezuela
On October 7, users of Adobe software products in Venezuela began receiving messages saying that the company would no longer provide them with services, citing U.S. government sanctions (specifically Executive Order (E.O.) 13884). Over the next four days, Flickr, TransferWise and Oracle informed Venezuelan users that they, too, would cease services due to E.O. 13884. This could be the beginning of a broader U.S. corporate pull out of Venezuela and is more evidence that Venezuela is under embargo, as both the Maduro government and The Wall Street Journal have stated.
E.O. 13884 constitutes an embargo as it prohibits transactions with the Venezuelan government. It also threatens secondary sanctions on companies that “materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services” to the government.