Frequently Asked Questions

946. Can U.S. financial institutions continue to maintain correspondent accounts and process U.S. dollar-clearing transactions for the Ministry of Finance of the Republic of Belarus or the Development Bank of the Republic of Belarus?

Answer

Yes.  U.S. financial institutions may continue to maintain correspondent accounts and process U.S. dollar-clearing transactions for the Ministry of Finance of the Republic of Belarus or the Development Bank of the Republic of Belarus, provided such activity is not otherwise prohibited pursuant to E.O. 14038, any Executive order issued pursuant to the national emergency declared in E.O. 13405, or any other sanctions program implemented by the Office of Foreign Assets Control.

Date Released
December 2, 2021