USA imposed sanctions against Belarusian state-owned enterprises

The United States resumed sanctions against nine Belarusian companies, suspended in 2015, due to the “blatant disregard of human rights by the Belarusian authorities”, the suppression of protests and hundreds of political prisoners in the country, the State Department and the US Treasury Department wrote on their websites on Monday, April 19, DW reports.

The document also notes that “as a result of the suppression of the protests caused by the falsification of the presidential elections in August 2020, there are more than 340 political prisoners in the country”. Therefore, the US administration decided that “further extension (of the suspension of the sanctions – ed.) would be incompatible with the Belarus Democracy Act and with American values”.

According to the US Treasury Department, sanctions are being restored against Belarusian Oil Trading House, Belneftekhim, Belneftekhim USA, Belshina, Grodno Azot, Grodno Khimvolokno, Lakokraska, Naftan, Polotsk Fiberglass". The cooperation of American citizens and companies with these enterprises should end after 45 days, by June 3, 2021. Any transactions with them, as well as with companies in which these enterprises have a share of 50 percent or more, are prohibited.

In 2015, the US Treasury Department suspended sanctions against these nine companies and issued a license to cooperate with them, which was renewed annually.

Tags: oil, legislation, USA, sanctions, foreign affairs, petroleum products, oil deliveries, Belarus, oil companies

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