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OFFICE OF FOREIGN ASSETS CONTROL
Executive Order of August 9, 2021
Blocking Property of Additional Persons Contributing to the Situation in Belarus
GENERAL LICENSE NO. 4
Authorizing the Wind Down of Transactions Involving Belaruskali OAO
(a) Except as provided in paragraph (b) of this general license, all transactions and activities prohibited by Executive Order (E.O.) of August 9, 2021 that are ordinarily incident and necessary to the wind down of transactions involving Belaruskali OAO, or any entity in which Belaruskali OAO owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern standard time, December 8, 2021.
(b) This general license does not authorize any transactions or activities otherwise prohibited by E.O. of August 9, 2021, or prohibited by any part of 31 CFR chapter V, statute, or other E.O., or involving any blocked persons other than the blocked persons...
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1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.
2) Read in conjunction with FAQ # 918, issued on the same day as this GL.
3) With respect to the scope of the typical "wind-down" GL, consult the relevant portions of Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.
4) See comments to Belarus General License 5 for a discussion of the relationship between this GL and that one. Belarus General License 5 acts as an effective extension of this GL, at least insofar as it...