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US Eases Belarus Sanctions on Banks and Potash Firms Amid Fertilizer Shortages
The U.S. lifted sanctions on key Belarusian banks and fertilizer firms after diplomatic talks and prisoner releases, addressing fertilizer shortages impacting American farmers.
- On Thursday, the United States eased sanctions on Belarus-linked financial and potash companies, with the Treasury Department determining that current circumstances no longer warrant the previous prohibitions.
- Amid severe fertilizer shortages, President Donald Trump aims to support American farmers as the war with Iran has stalled nitrogen fertilizer exports from the Persian Gulf.
- The Treasury Department's Office of Foreign Assets Control authorized transactions with Belinvestbank and removed major potash producers Belaruskali, the Belarusian Potash Company, and Agrorozkvit from the sanctions list, though assets remain frozen.
- Improving ties between Alexander Lukashenko and Washington follow a deal earlier this month where Presidential envoy John Coale met Lukashenko in Minsk and secured the release of 250 political prisoners.
- Broader sanctions from 2022 regarding Belarus' support for Russia's incursion into Ukraine remain in place, as the administration continues to enforce those original restrictions despite the recent policy adjustment.
22 Articles
22 Articles
U.S. eases Belarus sanctions as Trump says he’ll help U.S. farmers affected by Iran war
The Trump administration on Thursday announced it had eased restrictions on a group of Belarus-linked financial and potash companies in the latest sign of improving ties between the country's autocratic leader, Alexander Lukashenko, and Washington.
The lifting of sanctions was the result of agreements between Minsk and Washington. On March 26, the United States lifted sanctions against the Ministry of Finance of Belarus, the Development Bank of Belarus and Belaruskali, as well as some related organizations. This was reported by RBC-Ukraine with reference to an official statement from the US Treasury Department. Read also: Belarus under Lukashenko is always a threat to Ukraine: interview wi…
The Office of Foreign Assets Control (OFAC) of the US Ministry of Finance officially reduced sanctions against Belarus, allowing transactions for the participation of the Belarusian Bank for the development and reconstruction of Belinvestbank and other active foreign entities the organizations.
Sanctions have also been lifted from the Ukrainian company that sells Belarusian potassium.
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