February 8, 2023

Volume XIII, Number 39

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February 07, 2023

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February 06, 2023

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US Office of Foreign Assets Control (OFAC) Temporarily Extends Belarus-related General License

On October 22, 2019, OFAC issued General License No. 2G – General License with Respect to Entities Blocked Pursuant to Executive Order 13405, extending the expiration date of the general license to April 26, 2021. General License No. 2G replaces General License No. 2F and authorizes transactions with blocked entities by Belerusian Oil Trade House, Belneftekhim,  Belneftekhim USA, Inc., Belshina OAO, Godno Azot OAO, Gordno Khimvolokno OAO, Lakokraska OAO, Naftan OAO, Polotsk Steklovolokno OAO and their subsidiaries. Additionally, General  License No. 2G includes a reporting requirement for any transaction or series of transactions in excess of US$50,000.

© Copyright 2023 Squire Patton Boggs (US) LLPNational Law Review, Volume IX, Number 306
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