U.S. Sanctions against Belneftekhim Entered into Force

11.02.2011 09:56
Архив Редакция

The U.S. economic sanctions against the Belarusian enterprises Lida Lakokraska and Polotsk-Steklovolokno, which are subsidiaries of the state petrochemical concern Belneftekhim, entered into force on February 11. The sanctions were caused, according to the American side, by the violation of basic democratic rights and freedoms in Belarus.

As Telegraf previously reported, the U.S. State Department announced the introduction of unilateral sanctions against a number of Belarusian companies on January 31. For example, the U.S. revoked document permitting the U.S. citizens to have business with Lakokraska and Polotsk-Steklovolokno. «In addition, the U.S. has also expanded the list of the Belarusian citizens, banned to enter the country.

In turn, the Belarusian Company believes that the imposition of economic sanctions by the United States can adversely affect the U.S. consumers. According to the head of marketing of Polotsk-Steklovolokno, Aleksandr Krasko, the company is the sole supplier of products for some of the U.S. consumers.

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