Belarus

Information as of: 27th October 2017

Latest Updates

 UN
 US General Licence No. 2D allowing transactions with certain entities blocked pursuant to EO 13405, effective until Apr 2018.
 EU/UK Asset freeze and travel bans extended by EU Council Decision (CFSP) 2017/350 until 28 Feb 2018, though only related to four individuals.

 

                                                                                                                                                                                                             

Financial/Other Sanctions

UN No
US EO 13405, amended by General Licence No. 2D.
EU/UK EU 2006/276/CFSP (March 2006), amended October 2006.

 

                                                                                                                                                                                                             

Arms Embargo

UN No
US 58 FR 39280 22 July 1993
EU/UK Reg 588/2011.

 

                                                                                                                                                                                                             

Further Details

UN No
US Targeted sanctions & accompanying guidance, recently extended by the U.S. President under the National Emergencies Act (10 Jun 2016). General Licence No. 2D allowing transactions with certain entities blocked pursuant to EO 13405, effective until Apr 2018.
EU/UK Assets freeze on President Lukashenko & officials responsible for violations of international electoral standards. Reg 588/2011 (Jun 2011) amends designated entities & introduced arms embargo. Reg (EC) 765/2006 amended so that asset freeze applies to names added. Reg 2015/1948 effective 30 Oct 2015 suspends sanctions for a number of individuals, entities and bodies. Asset freeze and travel bans extended by EU Council Decision (CFSP) 2017/350 until 28 Feb 2018, though only related to four individuals. Reg (EU) 2016/276 removes sanctions against President Lukashenko, 3 defence companies and 169 others, in relation to whom sanctions had been suspended since 31 October 2015.

 

This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.