Issuance of Belarus General License 2H

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is revoking Belarus General License 2G and replacing it with Belarus General License 2H, “Authorizing the Wind Down of Transactions Involving Certain Blocked Entities.”  Belarus General License 2H authorizes a 45-day wind down period for certain transactions involving nine sanctioned Belarusian state-owned entities, and entities in which they own a 50 percent or greater interest, which were previously authorized pursuant to Belarus General License 2G.