Bank Of Baku

U.S. removes sanctions on Belarusneft

U.S. removes sanctions on Belarusneft
# 10 March 2015 13:54 (UTC +04:00)

The U.S. Secretary of State decided to terminate the sanctions on the basis that the company is no longer engaging in sanctionable activity described in section 5 that this person has provided reliable assurances that it will not knowingly engage in such activities in the future.

 

Therefore, certain sanctions that were imposed on Belarusneft on March 29, 2011 are no longer in effect.

 

The sanctions on Belarusneft are lifted effective February 25, 2015.

 

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