US Treasury allows some transactions with Belarus to continue
What happened
The US Treasury Department has issued a new general license for Belarus sanctions. This means certain transactions that were previously blocked can now proceed without special permission.
Why it matters
Sanctions are often broad, blocking all transactions by default and then issuing specific exceptions. This license is one of those exceptions. It allows some money to flow to Belarus, even as the US maintains sanctions against the country.
The signal
Watch for any further general licenses or specific exemptions that might signal a shift in the overall US sanctions policy towards Belarus.