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Electronic Availability

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Background

On March 26, 2026, OFAC issued GL 14 to authorize certain transactions otherwise prohibited by the Belarus Sanctions Regulations, 31 CFR part 548. GL 14 was made available on OFAC's website ( https://ofac.treasury.gov) when it was issued. The text of this GL is provided below.

Office of Foreign Assets Control

Belarus Sanctions Regulations

31 CFR Part 548

General License No. 14

Authorizing Transactions Involving Belarussian Bank of Development and Reconstruction Belinvestbank Joint Stock Company and Certain Additional Entities

(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Belarus Sanctions Regulations, 31 CFR part 548 (BSR), involving the following entities are authorized:

(1) Belarussian Bank of Development and Reconstruction Belinvestbank Joint Stock Company;

(2) Limited Liability Company Belinvest-Engineering;

(3) CJSC Belbizneslizing; or

(4) Any entity in which one or more of the above persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest.

(b) This general license does not authorize:

(1) The unblocking of any property blocked pursuant to any part of 31 CFR chapter V; or

(2) Any transactions otherwise prohibited by the BSR, including ( printed page 24715) transactions involving the property or interests in property of any person blocked pursuant to the BSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.

91 FR 24714