U.S. Extended Moratorium on Sanctions against "Belneftekhim" Subsidiaries

01.12.2010 11:57
Архив Редакция

The State Department and the Ministry of Finance of the United States of America have once again extended the moratorium on the imposition of sanctions against two subsidiaries of "Belneftekhim": Polotsk Steklovolokno OAO and Lakokraska OAO. This was stated in the U.S. Department of State on November 30.

The Departments of State and the Treasury have renewed the suspension of sanctions on the two «Belneftekhim» subsidiaries until May 31, 2011.

However, all other U.S. economic sanctions, imposed in June 2006 against the Belarusian state corporation «Belneftekhim», remain in force. In September 2008, after the Government of Belarus released its political prisoners, the United States issued the general license authorizing transactions with two subsidiaries of Belneftekhim: Polotsk Steklovolokno OAO and Lakokraska OAO. This suspension has been renewed five times, at six month intervals.

At the same time, visa/travel restrictions on 16 Belarusian officials, also remain in force. «Our sanctions will continue to be calibrated in response to the Belarusian authorities’ actions with respect to democracy and human rights, including but not exclusively the conduct of the Presidential election in December 2010,» the State Department.

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