31 CFR § 548.202 - Prohibited transactions with respect to the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus (Directive 1).

---
identifier: "/us/cfr/t31/s548.202"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 548.202 - Prohibited transactions with respect to the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus (Directive 1)."
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "548.202"
section_name: "Prohibited transactions with respect to the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus (Directive 1)."
chapter_name: "OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY"
part_number: "548"
part_name: "BELARUS SANCTIONS REGULATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601  1701  Pub. L. 101-410, 104 Stat. 890, as amended (28 U.S.C. 2461 note); E.O. 13405, 71 FR 35485, 3 CFR, 2006 Comp., p. 231; E.O. 14038, 86 FR 43905, 3 CFR, 2021 Comp., p. 626."
regulatory_source: "88 FR 18039, Mar. 27, 2023, unless otherwise noted."
cfr_part: "548"
---


# 548.202 Prohibited transactions with respect to the Ministry of Finance of the Republic of Belarus and the Development Bank of the Republic of Belarus (Directive 1).

The following activities by a U.S. person or within the United States are prohibited: all transactions in, provision of financing for, and other dealings in new debt with a maturity of longer than 90 days issued on or after December 2, 2021 by the Ministry of Finance of the Republic of Belarus or the Development Bank of the Republic of Belarus.