Financial measures

• Directive 1 issued pursuant to E.O. 14038 Section 1(a)(ii) of E.O. 14038 blocks all property and interests in property of any person determined by the Secretary of the Treasury, in consultation with the Secretary of the State, to be a political subdivision, agency, or instrumentality of the Government of Belarus. Pursuant to this provision, on December 2, 2021, the Acting Director of OFAC, in consultation with the Secretary of the State, issued Directive 1 and determined that the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus are political subdivisions, agencies, or instrumentalities of the Government of Belarus, and prohibited the following activities by U.S. persons or within the United States: all transactions in, provision of financing for, and other dealings in new debt with a maturity of greater than 90 days issued on or after December 2, 2021 by the Ministry of Finance of the Republic of Belarus or the Development Bank of the Republic of Belarus.

[https://ofac.treasury.gov/faqs/topic/7771]

US

Executive Order 14038 Blocking Property of Additional Persons Contributing to the Situation in Belarus

OFAC country specific

Belarus

E.O. 14038. On August 9, 2021, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), issued E.O. 14038. In E.O. 14038, the President expanded the scope of the national emergency declared in E.O. 13405, finding that the Belarusian regime's harmful activities and long-standing abuses aimed at suppressing democracy and the exercise of human rights and fundamental freedoms in Belarus including illicit and oppressive activities stemming from the August 9, 2020, fraudulent Belarusian presidential election and its aftermath, such as the elimination of political opposition and civil society organizations and the regime's disruption and endangering of international civil air travel—constituted an unusual and extraordinary threat to the national security and foreign policy of the United States.

SDN