Belarusian Bank of Development and Reconstruction Belinvestbank Joint Stock Company Added to OFAC Sanctions List

New Addition to the OFAC Sanctions List

The Office of Foreign Assets Control (OFAC) has added the Belarusian Bank of Development and Reconstruction Belinvestbank Joint Stock Company to its sanctions list, effective immediately. The entity was designated under Executive Order 14038 targeting the government of Belarus.

About Belinvestbank

• Registration number: 807000028
• SWIFT/BIC code: BLBBBY2X
• Website: www.belinvestbank.by
• Established on January 9, 2001
• Target type: Financial institution
• Main office location: 29 Masherova Av., Minsk, Belarus, postal code 220002

Beliinvestbank is a key player in the Belarusian banking sector with multiple branches across the country. The bank provides services to entities controlled by the Belarusian government.

Consequences of the Designation

• Prohibits US persons from engaging in transactions or dealings with Belinvestbank
• Freezes any assets held by Belinvestbank within the United States
• Requires US financial institutions to block Belinvestbank’s assets and prohibit the transfer of funds to or through their systems

Purpose of OFAC Sanctions List

The OFAC sanctions list is designed to disrupt and deter activities that undermine the rule of law, human rights, and democratic values in Belarus. The Belinvestbank designation is part of a broader effort to target entities involved in corruption, money laundering, and other illicit activities.

By adding Belinvestbank to its sanctions list, OFAC aims to prevent US persons from engaging with entities that support the government of Belarus and its activities. This move sends a strong message about the importance of upholding human rights and democratic values in Belarus.