August 15 – August 21, 2011

U.S. authorities have expanded economic sanctions against Belarus

The situation has not changed
U.S. authorities have expanded economic sanctions against Belarus

Department of Foreign Asset Control of the U.S. Treasury Department (OFAC) added “Naftan”, JSC “Grodno-Azot”, JSC “Belshina” and JSC “Grodno Khimvolokno” to the list of Belarusian enterprises, subject to sanctions.

According to the U.S. Treasury Department, they imply freezing of the assets of these companies that could show up within the U.S. jurisdiction. In addition, the Ministry prohibits U.S. companies and individuals dealing with these companies.


The introduction of new sanctions is an instrument of moral pressure, rather than economic. These Belarusian enterprises are oriented to the European market, rather than American (Ukrainian recently). Moreover, Belarusian enterprises easily get around these sanctions using their daughter companies in Ukraine, Poland and other third countries. Therefore the cost effectiveness of the sanctions is questionable, however they play a certain role as a tool for consistent moral pressure on the Belarusian authorities, and even more so when the EU authorities follow the same line.

You have been successfully subscribed

Subscribe to our newsletter

Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.

Situation in Belarus

June 10 – June 16
View all

Subscribe to us

Read more