13 Sep 2023 19:46

OFAC issues license to curtail operations with the Belarusian Metallurgical Plant before October 9

MINSK. Sept 13 (Interfax) - The Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC) on Wednesday issued a license to wind down operations with the Belarusian Metallurgical Plant (BMZ, the management company of the Belarusian Metallurgical Company holding) before October 9, 2023.

The license to wind down transactions also applies to Bel-Kap-Steel, a company registered in Miami, which, according to the United States, may be associated with BMZ, the message from the U.S. Treasury said.

The license to curtail transactions with another Belarusian company included in the sanctions list, Belavia OJSC, expired on September 8 of this year, the OFAC announcement said.

As reported, on August 9, the U.S. Treasury added BMZ, Bel-Kap-Steel, Belavia Airlines and Minsk Civil Aviation Plant 407 to its sanctions list. Also included in the "black lists" were the Department of Financial Investigations of the State Control Committee of Belarus and one aircraft operated by Belavia.