The Development Bank of Belarus officially announced the lifting of all sanctions previously imposed by the U.S. Department of the Treasury. The relevant decision was published on March 26 on the official website of the Office of Foreign Assets Control (OFAC) and entered into force on the date of publication.
The bank described the decision as an important step that opens up new opportunities for attracting long-term investment, supporting exports and expanding international cooperation. The bank said it is ready to resume dialogue with all international financial partners “on the principles of mutual benefit and compliance with international standards.”
The lifting of U.S. sanctions on Belinvestbank, the Development Bank of Belarus and the Ministry of Finance was announced on March 19 following a meeting between Aliaksandr Lukashenka and U.S. presidential envoy John Coale. It was reported today that the Office of Foreign Assets Control (OFAC) has confirmed the removal of sanctions, with the Belarusian Potash Company and Belaruskali also taken off the sanctions list.
