19.03.2026, 20:59
The United States lifted some of the sanctions against Belarus
Source: OREANDA-NEWS
OREANDA-NEWS Following talks between U.S. Special Envoy John Cole and President of Belarus Alexander Lukashenko, Washington lifts sanctions against the Belarusian Ministry of Finance, Belinvestbank, the Development Bank, the Belarusian Potash Company (BPC) and Belaruskali. BELTA writes about this with reference to the statement of Cole himself.
The US special Envoy did not specify the exact time of the legal registration of these decisions. Nevertheless, he promised that this time "everything will be much faster." According to him, before the visit to Minsk, extended negotiations were held with the US Treasury and other American structures involved in the application of sanctions.
For the first time, Cole said that Washington could lift sanctions on Belarusian potash during negotiations with Lukashenko in mid-December last year, but since then the process has stopped.
US sanctions against Belarusian potash started working in December 2021. At the beginning of 2022, Lithuania stopped supplying it to the port of Klaipeda, from where BPC was exporting.
Since then, supplies from Belarus have been passing through Russian ports, although this route is longer. By now, the European Union is applying similar sanctions, so the lifting of American restrictive measures will not bring any obvious changes for Minsk.
Nevertheless, getting out of the sanctions imposed by the Ministry of Finance and banks will increase export revenues by reducing costs. Before the restrictive measures began, Minsk earned about $2.4 billion a year from potash exports. At that time, the country provided about 20 percent of the world's total exports of potash fertilizers.
The US special Envoy did not specify the exact time of the legal registration of these decisions. Nevertheless, he promised that this time "everything will be much faster." According to him, before the visit to Minsk, extended negotiations were held with the US Treasury and other American structures involved in the application of sanctions.
For the first time, Cole said that Washington could lift sanctions on Belarusian potash during negotiations with Lukashenko in mid-December last year, but since then the process has stopped.
US sanctions against Belarusian potash started working in December 2021. At the beginning of 2022, Lithuania stopped supplying it to the port of Klaipeda, from where BPC was exporting.
Since then, supplies from Belarus have been passing through Russian ports, although this route is longer. By now, the European Union is applying similar sanctions, so the lifting of American restrictive measures will not bring any obvious changes for Minsk.
Nevertheless, getting out of the sanctions imposed by the Ministry of Finance and banks will increase export revenues by reducing costs. Before the restrictive measures began, Minsk earned about $2.4 billion a year from potash exports. At that time, the country provided about 20 percent of the world's total exports of potash fertilizers.
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