News & Analysis as of

US Department of State Belarus Sanctions

BakerHostetler

Current State of U.S. Economic Sanctions Imposed on the Russian Federation and Covered Regions of Ukraine in Response to the...

BakerHostetler on

This update includes the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) recent actions regarding the Russian seaborne oil price cap policy aimed at maintaining the supply of Russian oil to the...more

Kelley Drye & Warren LLP

U.S. Companies Must Wind Down Transactions with Sanctioned Belarusian State-Owned Enterprises By June 3rd

The Office of Foreign Assets Control (“OFAC”) recently tightened sanctions on Belarus by revoking and replacing General License 2G with General License 2H. General License 2H now requires U.S. persons to wind down...more

Holland & Knight LLP

State-Owned Belarusian Oil, Petrochemical, and Refinery Companies Remain Open for U.S. Business

Holland & Knight LLP on

On October 24, OFAC issued General License No. 2D renewing sanctions exemptions for nine Belarusian entities to make transactions otherwise prohibited by Executive Order 13405. Of note, the list of nine entities includes...more

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