🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Adobe gets U.S. license to operate in Venezuela despite sanctions

Published 10/28/2019, 10:32 AM
Updated 10/28/2019, 10:36 AM
Adobe gets U.S. license to operate in Venezuela despite sanctions
ADBE
-

CARACAS (Reuters) - Software developer Adobe (NASDAQ:ADBE) Inc said on Monday it has received a U.S. license allowing it to keep providing its digital products like Photoshop and InDesign in Venezuela, which it was due to shut off because of Washington's sanctions on the country.

Venezuelans said they were resorting to piracy after San Jose, California-based Adobe said it planned to halt access to its products to comply with sanctions.

"After discussions with the U.S. government, we've been granted a license to provide all of our Digital Media products and services in Venezuela," wrote Chris Hall, Vice President and General Manager for Customer Experience, in a blog post.

"Users can continue to access the Creative Cloud and Document Cloud portfolio, and all of their content, as they did before."

Adobe had said its software would stop working in Venezuela on Oct 28.

Washington has enacted a broad sanctions program against Maduro's government in an effort to force his resignation following his 2018 re-election that was widely described as a rigged vote.

Critics say companies have aggressively interpreted the sanctions such that they end up affecting average citizens rather than the high-ranking Venezuela officials that the measures are supposed to affect.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.