The United States has announced lifting of sanctions Belinvestbank, the Development Bank and the Ministry of Finance of Belarus. Two key potash exporters are also being removed from the sanctions lists. This was announced by the US Special Envoy John Cole.
Sanctions lifted against banks, the Ministry of Finance and exporters
The United States has withdrawn sanctions from Belinvestbank, the Development Bank and the Ministry of Finance of Belarus. This was announced today by US Special Envoy John Cole.
In addition, they are excluded from the sanctions lists:
- Belarusian Potash Company«
- Belaruskali«
Both companies are key exporters of potash from Belarus.
The process of lifting sanctions has been accelerated
According to Cole, the process of lifting the sanctions will be «much faster» than previously expected. The exact timeline is not specified.
It is also reported that a possible visit is being prepared Alexander Lukashenko to the United States.
Context.
The US imposed sanctions on Belarusian banks, the Ministry of Finance and potash companies in response to the political situation in the country. The lifting of restrictions may affect Belarus' financial and export activities.
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