{"id":"8afe3378-d1e2-4395-82f3-76bca190602b","slug":"belaz-us-treasury-sdn-designation-2023","kind":"regulatory_action","headline":"US Treasury OFAC designates BelAZ and CEO Sergei Nikiforovich to SDN list","summary":"On March 24, 2023, the US Treasury Department added BelAZ and its Director Sergei Nikiforovich to the Specially Designated Nationals (SDN) list pursuant to Executive Order 14038. BelAZ was designated for being a state-owned enterprise generating significant revenue for the Lukashenka regime and for repressing worker protests following the fraudulent August 2020 presidential election. The EU, Canada, and Ukraine had previously sanctioned BelAZ in 2021.","occurredAt":"2023-03-24T00:00:00.000Z","reviewStatus":"reviewed","modelId":null,"deploymentId":null,"companyId":"b31d33ec-093f-4f6c-80f4-df62d44b7ac7","aliases":[],"collisionRisk":"none","reviewNote":null,"severity":null,"rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":null,"regulatoryAction":null,"regulatoryBody":null,"propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"oshaRecordable":null,"oshaCaseNumber":null,"rootCauseDisclosed":null,"publicDisclosureDate":null,"insuranceClaimPublic":null,"createdAt":"2026-07-13T01:09:08.181Z","updatedAt":"2026-07-14T21:53:38.800Z","model":null,"deployment":null,"company":{"id":"b31d33ec-093f-4f6c-80f4-df62d44b7ac7","name":"BelAZ","slug":"belaz","description":"[BelAZ](https://belaz.by) (Belarusian Automobile Plant), headquartered in Zhodino, Belarus, is one of the world's largest manufacturers of ultra-heavy-duty mining dump trucks, producing haul trucks from 30t to 450t payload capacity. Founded in 1948 and fully state-owned by the Belarusian government, BelAZ built the world's largest dump truck — the 450-tonne BELAZ-75710 — and has developed the autonomous BELAZ-7513R robotic mining dump truck in partnership with VIST Group and Zyfra. The company is under EU, US, Canadian, and Ukrainian sanctions for its ties to the Lukashenka regime.","status":null,"founded":1948,"hq":"Zhodino, Belarus","fundingTotal":null,"type":null,"reviewStatus":"reviewed","lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://im-mining.com/2020/04/11/belaz-ready-roll-autonomy-across-large-haul-trucks-plus-go-cabless/","title":"BELAZ ready to roll out autonomy across all large haul trucks plus go cabless","sourceName":"International Mining","publishedAt":"2020-04-11"},{"url":"https://en.wikipedia.org/wiki/BelAZ","label":"BelAZ - Wikipedia","title":"BelAZ - Wikipedia","mediaType":"article","sourceName":"Wikipedia"},{"url":"https://home.treasury.gov/news/press-releases/jy1365","label":"Treasury Targets Belarusian State-Owned Enterprises","title":"Treasury Targets Belarusian State-Owned Enterprises","mediaType":"article","sourceName":"US Department of the Treasury"},{"url":"https://belaz.by/en/press-centre/the-first-240-ton-belaz-dump-truck-at-the-udokan-deposit-is-operated-by-a-female-crew/","label":"The first 240-ton BELAZ dump truck at the Udokan deposit","title":"The first 240-ton BELAZ dump truck at the Udokan deposit","mediaType":"article","sourceName":"BelAZ (official)"}],"keyFacts":[{"label":"CEO","value":"Sergei Nikiforovich (Director, US Treasury SDN-listed March 2023)"},{"label":"Ownership","value":"100% Belarusian government (state-owned enterprise)"},{"label":"Revenue","value":"EUR 809.7 million (2024)"},{"label":"Employees","value":"~9,927 (2016)"},{"label":"Sanctions","value":"EU (June 2021), Canada (June 2021), US OFAC SDN (March 2023), Ukraine (May 2023)"},{"label":"World record","value":"BELAZ-75710 is the world's largest dump truck at 450t payload (Guinness World Record)"},{"label":"Financial stage","value":"Mature (state-owned enterprise, government-capitalized)"},{"label":"Hero image candidate","value":"https://upload.wikimedia.org/wikipedia/commons/e/ed/BelAZ_75600.JPG (source: Wikimedia Commons, CC BY-SA, by Ilya Plekhanov)"}],"aliases":[],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"createdAt":"2026-07-12T19:21:22.499Z","updatedAt":"2026-07-13T01:10:09.891Z"},"derived":{"status":"active"},"sources":[{"id":"75a241d1-3855-4d4e-88e7-ebc2b8dbfea5","incidentId":"8afe3378-d1e2-4395-82f3-76bca190602b","url":"https://home.treasury.gov/news/press-releases/jy1365","label":"Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenkas Aircraft","publishedAt":"2023-03-24T00:00:00.000Z","notes":null,"title":"Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenkas Aircraft","sourceName":"US Department of the Treasury","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-07-13T01:09:08.957Z","updatedAt":"2026-07-13T01:09:08.957Z"}],"responses":[],"statusEvents":[],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/belaz-us-treasury-sdn-designation-2023","url":"https://registry.deploy.report/incidents/belaz-us-treasury-sdn-designation-2023","headline":"US Treasury OFAC designates BelAZ and CEO Sergei Nikiforovich to SDN list","description":"On March 24, 2023, the US Treasury Department added BelAZ and its Director Sergei Nikiforovich to the Specially Designated Nationals (SDN) list pursuant to Executive Order 14038. BelAZ was designated for being a state-owned enterprise generating significant revenue for the Lukashenka regime and for repressing worker protests following the fraudulent August 2020 presidential election. The EU, Canada, and Ukraine had previously sanctioned BelAZ in 2021.","identifier":"8afe3378-d1e2-4395-82f3-76bca190602b","datePublished":"2023-03-24T00:00:00.000Z","articleSection":"regulatory action","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":1,"primary_source_types":[]}}}