Yes, Mr. Watchlist is enjoying the puns…
On Friday, OFAC replaced Belarus General License 2B with 2C, which authorizes transactions with the following entities:
- Belarusian Oil Trade House
- Belneftekhim USA, Inc.
- Belshina OAO
- Grodno Azot OAO
- Grodno Khimvolokno OAO
- Lakokraska OAO
- Naftan OAO
- Polotsk Steklovolokno OAO
and any 50% Rule entities associated with them.
If you do more than $50,000 in transactions, you have to report this to the State Department either by snail mail or email (BelarusGL@state.gov).
Also, as is kind of standard, any blocked property remains blocked.
This General License, like the ones issued under the Kingpin counter-narcotics trafficking sanctions, basically just extends the expiration date of the authorization – this one till October 30th of this year.