Belarus Sanctions: OFAC Lifts Restrictions on Banks and Potash Producers
On March 26, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) moved on three fronts at once. It issued General License No. 14 (GL 14), authorizing transactions with the Belarusian Bank for Reconstruction and Development, “Belinvestbank,” and its affiliates. It revoked Directive 1 under Executive Order 14038, lifting the longstanding prohibitions on dealings...