US Renews Partial Sanctions Relief for 9 Belarusian Companies - Treasury
The United States has extended for another year partial sanctions relief granted to nine oil and petrochemcial companies from Belarus, the Treasury Department said in a notice on Wednesday.
WASHINGTON (Pakistan Point News / Sputnik - 24th October, 2018) The United States has extended for another year partial sanctions relief granted to nine oil and petrochemcial companies from Belarus, the Treasury Department said in a notice on Wednesday.
"General License No. 2E, dated April 27, 2018, is replaced and its entirety by this General License No.2F," the notice from Treasury's Office of Foreign Assets Control said.
The new license will allow the nine companies to continue engaging in certain transactions until October 25, 2019, the notice said. The affected companies are Belarusian Oil Trade House; Belneftekhim, Belneftekhim USA, Inc.
; Belshina OAO; Grodno Azot OAO; Grodno Khimvolokno OAO; Lakokraska OAO; Naftan OAO; and Polotsk Steklovolokno OAO.
The new license will allow the companies to deal with American businesses without violating sanctions imposed on Belarus in June 2016.
US persons involved in any transactions with the nine entities in excess of $50,000 are required to file a report on the nature and scope of their activities with the US State Department within 30 days, the notice said.
The Treasury Department's authorization of "general license transactions" does not generally authorize the release of property blocked by sanctions, the notice added.