On April 6, 2022, the European Commission (“EC”) issued a communication calling for greater vigilance towards foreign direct investment (“FDI”) from Russia and Belarus, and guiding Member States on how best to screen and examine these investments going forward.[1] The EU FDI alert follows the recently adopted EU sanctions package against both countries.[2]
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Belarus
OFAC Revokes Key General License Under Belarus Sanctions Program
By Paul Marquardt, Chase D. Kaniecki & John Lightbourne on
On April 19, 2021, in response to reported human rights violations by the regime of President Alexander Lukashenko, the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”) issued General License 2H (“GL 2H”)[1] under the U.S. sanctions program targeting Belarus. GL 2H revokes and replaces General License 2G (“GL 2G”),[2] which authorized U.S. persons to engage in transactions with nine sanctioned Belarusian state-owned entities.
Continue Reading OFAC Revokes Key General License Under Belarus Sanctions Program