Unlike most General Licenses, this one is only in effect until April 30, 2016, unless otherwise extended. It authorizes all transactions with the following firms that were sanctioned under Executive Order 13405:
- Belarusian Oil Trade House
- Belneftekhim
- Belneftekhim USA, Inc.
- Belshina OAO
- Grodno Azot OAO
- Grodno Khimvolokno OAO
- Lakokraska OAO
- Naftan OAO
- Polotsk Steklovolokno OAO
It is subject to the usual “don't involved other SDNs” restriction, and doesn't apply to property which is already blocked. However, in addition, if your transactions exceed $10,000, you have to file a report with the State Department (by mail or by emailing BelarusGL@state.gov), containing the following information:
(1) Estimated or actual dollar value of the transaction(s), as determined by the value of
the goods, services, or contract;
(2) The parties involved;
(3) The type and scope of activities conducted; and(4) The dates or duration of the activities.
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Posted with BlogsyFiled under: Belarus Sanctions, Licenses, OFAC Updates
