The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 09 Aug 2023 (OFAC):
On August 9, 2023, OFAC designated eight individuals and five entities, and identified one aircraft as blocked property, under E.O. 14038 on the third anniversary of the Belarusian authorities' falsification of the August 2020 presidential election, and the regime's subsequent violent state response to protesting civilians. The designations target revenue generating Belarusian state-owned entities; family members of a close associate of U.S.-designated President of Belarus, Alyaksandr Lukashenka; and persons involved in the repression of Belarusian civil society and Russia's war in Ukraine. The U.S. Department of State is additionally imposing visa restrictions on 101 regime officials and their affiliates for undermining or harming democratic institutions in Belarus under Presidential Proclamation 8015.
Concurrent with these designations, OFAC issued two general licenses: (i) Belarus General License 8, which authorizes the wind down of transactions involving Joint Stock Company Byelorussian Steel Works Management Company of Holding Byelorussian Metallurgical Company (BSW) and its subsidiaries (including Bel-Kap-Steel LLC) until October 9, 2023, subject to certain conditions, and (ii) Belarus General License 9, which authorizes transactions related to civil aviation safety or the wind down of transactions involving Open Joint Stock Company Belavia Belarusian Airlines and its subsidiaries, in each case until September 8, 2023, subject to certain conditions.
- 09 Aug 2023 (Russia - Countermeasures):
Obligations under Russian state-issued guarantees will be performed in Russian Roubles.
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