New Belarus General License

The new General License authorizes transactions with the following entities blocked under Executive Order 13405 (but does not affect funds already blocked):

 

  • Belarusian Oil Trade House

  • Belneftekhim

  • Belneftekhim USA, Inc.

  • Belshina OAO

  • Grodno Azot OAO

  • Grodno Khimvolokno OAO

  • Lakokraska OAO

  • Naftan OAO

  • Polotsk Steklovolokno OAO 

Also, any transactions, or series of transactions, which exceed $50,000 now have to be reported within 30 days to the State Department (BelarusGL@state.gov). The reports need to include:

 

(1) Estimated or actual dollar value ofthe transaction(s), as determined by the value of the goods, services, or contract;

(2) The parties involved;
(3) The type and scope of activities conducted; and (4) The dates or duration ofthe activities. 

Links:

OFAC Notice

Belarus General License

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