The news release issued by the Treasury on 4 March 2015 regarding BELTECHEXPORT has been withdrawn.
BELTECHEXPORT has been re-added to the consolidated list and remains subject to restrictive measures.
ADDITION
Entity
BELTECHEXPORT
Address: Nezavisimost ave., 86-B, Minsk, Republic of Belarus, 220012.
Other Information: Beltechexport is a main exporter of arms and military equipment in Belarus, which requires authorisation from the Belarusian authorities. Tel (+375 17) 263-63-83. Fax (+375 17) 263-90-12.
Listed on: 30/10/2013 Last Updated: 30/03/2015
Group ID: 12000.
Financial institutions and other persons are required to check whether they maintain any accounts or otherwise hold funds, financial assets, economic benefits and economic resources for the designated entity. If so, they must freeze such accounts or funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the Sanctions Officer at the Customs and Excise Division of the Treasury. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated entity they are not required to report these details again.
Further details of the sanctions regime related to Belarus and links to the Consolidated List of individuals and entities subject to these and other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.
