Treasury Eases Belarus Bank Bans: Sanctions Shuffle Continues
Published Date: 5/7/2026
Rule
Summary
The Treasury’s Office of Foreign Assets Control (OFAC) published General License 14, allowing certain transactions with specific Belarusian banks and companies that were previously banned. This update affects businesses dealing with these Belarusian entities by easing some restrictions but still blocks certain property and transactions. The license took effect on March 26, 2026, so folks should check the details to stay compliant and avoid money trouble.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Authorized Transactions with Named Belarus Firms
You can now do transactions otherwise prohibited by the Belarus Sanctions Regulations with Belarussian Bank of Development and Reconstruction Belinvestbank Joint Stock Company, Limited Liability Company Belinvest-Engineering, CJSC Belbizneslizing, and any entity 50% or more owned (directly or indirectly) by one or more of those persons. This authorization comes from OFAC General License 14, issued March 26, 2026.
Blocked Property Still Remains Blocked
General License 14 does not authorize the unblocking of any property blocked under any part of 31 CFR chapter V. It also does not authorize transactions involving the property or interests in property of any person blocked under the Belarus Sanctions Regulations except for the specific blocked persons listed in the license.
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