March 26, 2026: The Regulatory Half of today’s OFAC update


Today’s update includes:

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Belarus General License 14, “Authorizing Transactions Involving Belarussian Bank of Development and Reconstruction Belinvestbank Joint Stock Company and Certain Additional Entities.”

OFAC has also determined, in consultation with the U.S. Department of State, that circumstances no longer warrant the prohibitions imposed on the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus under Directive 1 pursuant to sections 1(a)(ii), 1(b), and 8 of E.O. 14038. Accordingly, OFAC has rescinded Directive 1 under E.O. 14038.

Pursuant to the following SDN removals, OFAC has archived Belarus General License 13 as it is no longer applicable.

Here’s the new GL:


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