OFAC Reactivates Sanctions against Belarussian Companies and Provides 45-day Wind Down Period
On April 19, 2021, OFAC effectively reactivated longstanding sanctions against nine Belarussian companies and their subsidiaries, revoking a general license that had authorized transactions involving those entities since 2015. These sanctions may impact a significant number of Belarussian companies, as several of the listed entities are large conglomerates.
US sanctions on Belarus were first imposed in 2006 under Executive Order 13405, with similar EU sanctions beginning in 2004, in response to concerns about the…