OFAC Allows Certain Transactions With Specific Belarussian Banks and Companies

The Treasury Department’s sanctions office, OFAC, published General License 14 to temporarily allow certain transactions that are normally banned under U.S. sanctions on Belarus. The license covers dealings with Belarussian Bank of Development and Reconstruction Belinvestbank, its engineering subsidiary, and CJSC Belbizneslizing. It also extends to any company that these three entities own 50 percent or more of.

Why it matters: This is a narrow administrative adjustment. It gives banks, law firms, and businesses that handle payments or contracts with these specific Belarussian entities a clear legal path to process transactions without risking sanctions violations. For most of the public, the impact is zero.

Who it affects

• U.S. financial institutions and payment processors handling transactions with the named Belarussian entities

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This action was issued by the Treasury Department’s Office of Foreign Assets Control and can be verified on OFAC’s website under General License No. 14; read the full text before relying on it for compliance purposes.

Agency: Treasury Department, Foreign Assets Control Office
Source: Federal Register — read the official document