On February 3, 2010, the Office of Foreign Assets Control issued a Final Rule (“Final Rule”) to add part 548, the Belarus Sanctions Regulations (the “Regulations”) to Title 31 of the Code of Federal Regulations and implement Executive Order 13405, “Blocking Property of Certain Persons Undermining Democratic Processes or Institutions in Belarus” (the “Executive Order”).
The Executive Order was issued by President George W. Bush on June 16, 2006, after determining that the actions and policies of certain members of the Government of Belarus constitute an unusual and extraordinary threat to the national security and foreign policy of the United States. These actions include: (i) undermining Belarus democratic processes or institutions; (ii) committing human rights abuses related to political oppression; and (iii) engaging in public corruption.
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