BELARUS NEWS AND ANALYSIS

DATE:

21/05/2009

Belarus Sanctions

OFFICE OF FOREIGN ASSETS CONTROL

General License No. 1-B

Transactions with certain blocked persons in Belarus authorized.

(a) Effective September 4, 2008, all transactions between U.S. persons and Lakokraska OAO and/or Polotsk Steklovolokno OAO, two entities that were designated on May 15, 2008, pursuant to Executive Order 13405 of June 16, 2006 (71 FR 35485, June 20, 2006) ("E.O. 13405"), are authorized. This authorization extends until November 30, 2009.

(b) Unless otherwise authorized by the Office of Foreign Assets Control, all property and interests in property of Lakokraska OAO or Polotsk Steklovolokno OAO that were previously blocked pursuant to E.O. 13405 remain blocked. A U.S. person may not procure goods, services, or technology from, or engage in transactions with, any other blocked person directly or indirectly through Lakokraska OAO or Polotsk Steklovolokno OAO.

Date: May 21, 2009

Source:

http://www.treas.gov/offices/enforcement/ofac/programs/belarus/gls/belarus_gl_1b.pdf

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