OFAC Temporarily Lifts Sanctions on Belarusian Companies
The Office of Foreign Assets Control temporarily lifted sanctions on Oct. 30 on nine Belarusian commercial entities, paving the way for possible imports from and exports to those companies, OFAC said (here). That authorization expires on April 30, 2016, unless…
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otherwise extended. A 2006 executive order blocked all dealings with those entities and others. U.S. persons that engage in authorized transactions with the companies that exceed $10,000 will have to file a report with the State Department, OFAC said in the release.