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U.S. extends sanctions relief on Belarusian companies

Xinhua, April 29, 2017 Adjust font size:

The United States has extended the suspension of sanctions against nine Belarusian enterprises, the U.S. Embassy in Minsk said.

The U.S. Treasury Department issued a new waiver on Friday extending the relief on the Belarusian companies for another six months until Oct. 30.

The waivers to U.S. economic sanctions for nine major Belarus companies started in 2015 and were extended twice last year, and were set to expire on April 30.

Under the new waiver, companies like the Belarusian Oil Trade House, Belneftekhim and its U.S. subsidiary, tire manufacturer Belshina, Grodno Azot, Grodno Khimvolokno, Lakokraska, Naftan and Polotsk-Steklovolokno can do business with American companies.

The U.S. Embassy in Minsk said that the suspension of sanctions against the nine Belarusian enterprises was primarily aimed at supporting the Belarusian economy and strengthening its independence. Endit