US: INCREASED BELARUS SANCTIONS, ADDITIONAL FAQ AND NEW GENERAL LICENSE

On 9 August, OFAC advised that a new Executive Order had been issued, alongside a new FAQ and General License.  23 new individuals and 21 entities have been added to sanctions lists.  The persons designated are involved in the continuing violent crackdown on peaceful protests; are connected to the Ryanair incident on 23 May; or profit from or sustain the Belarusian regime at the expense of the Belarusian people.  Among those targeted are those who provided funds for the regime through energy, tobacco and the construction sectors, the state security services and state-owned enterprises.  Also designated are a Belarusian athlete and 2two Belarusian sports organizations tied to the Belarusian regime, including the National Olympic Committee of the Republic of Belarus.  The 3 new FAQ are 916, 917 and 918 are concerned with the new sanctions and the new General License allowing the winding down of transactions in necessary to the wind down of transactions involving Belaruskali OAO by 8 December.  The company is one of the world’s largest producers of key fertilizer ingredient potassium chloride (potash) and a major source of tax revenue and foreign currency for the Lukashenka regime.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210809

https://home.treasury.gov/news/press-releases/jy0315

https://home.treasury.gov/news/press-releases/jy0315

https://home.treasury.gov/system/files/126/belarus_gl4.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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