The US Treasury has imposed sanctions on Belarusian machine-building enterprises - the Belarusian Automobile Plant (BelAZ) and the Minsk Automobile Plant (MAZ). A statement on the Treasury website states that these companies are included in the SDN List.
The US Treasury Department's Office of Foreign Assets Control (OFAC) also listed nine individuals from Belarus and identified one Boeing aircraft -737 of the President of the Republic Alexander Lukashenko as blocked property.
The report notes that earlier sanctions against BelAZ and MAZ were introduced by the European Union and Canada. Sanctions have also been imposed on BelAZ CEO Sergei Nikiforovich and MAZ head Valery Ivankovich.
The imposed sanctions provide that all property of listed companies and individuals located in the United States is blocked. Also blocked are the activities of any organizations that are directly or indirectly owned by one or more blocked persons by 50% or more, individually or in aggregate.
It is explained that financial institutions and other persons who carry out transactions may fall under US sanctions with companies included in the sanctions list.
JSC BelAZ is one of the world's largest manufacturers of dump trucks and transport equipment for the mining and construction industries. It occupies about 30% of the world market of extra-heavy-duty dump trucks. It produces the world's largest mining dump truck with a payload capacity of 450 tons.
MAZ JSC produces cargo and passenger vehicles, buses and minibuses, and special vehicles. It is one of the largest manufacturers of automotive equipment in the CIS.
