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UPDATE: Biden Administration Imposes Broad Sanctions and Export Controls in Response to Russia s Invasion of Ukraine - Update March 4 2022 | Wiley Rein LLP

U S Treasury Targets Belarusian Support For Russian Invasion Of Ukraine

<p><span>As part of the United States&rsquo; serious and expansive response to Russia&rsquo;s further invasion of Ukraine, the U.S. Department of the Treasury&rsquo;s Office of Foreign Assets Control (OFAC) is sanctioning 24 Belarusian individuals and entities due to Belarus&rsquo;s support for, and facilitation of, the invasion. Today&rsquo;s action focuses on Belarus&rsquo;s defense sector and financial institutions, two areas in which Belarus has especially close ties to Russia. Belarus has become increasingly reliant on Russia for economic, political, and military support in recent years as the regime has clung to power following the fraudulent August 2020 presidential election.</span></p>

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