ExecutiveOrdersEO
Notice 13405NoticeTrump 47 · R

Presidential Notice 13405

Continuation of the National Emergency With Respect to Belarus

This notice continues for one year the national emergency with respect to Belarus originally declared in 2006 under Executive Order 13405 and expanded in 2021 under Executive Order 14038, citing ongoing threats to U.S. national security and foreign policy from the Belarusian regime's democratic suppression, human rights abuses, and public corruption.

Federal Register Open PDF 90 FR 24953

Impact dates

  1. Continued national emergency expires unless further extended

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Banking & financeShipping & logisticsTechnology & software

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — Continued sanctions restrict trade with Belarus and dealings with sanctioned persons
  • MixedDomestic producer — No direct competitive benefit; maintains compliance costs for U.S. firms with Belarus exposure

Geographies

USOTHER

Exposure dates

  • — Continued national emergency expires unless further extended

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

GOOGLAlphabetAAPLAppleBACBank of AmericaBLKBlackRockLNGCheniere EnergyGSGoldman SachsHSBCHSBCQQQInvesco QQQ TrustJPMJPMorgan ChaseMATXMatsonMETAMeta PlatformsMSFTMicrosoftORCLOracleSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared in Executive Order 13405 for 1 year beyond June 16, 2025
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond June 16, 2025
  • Existing sanctions and restrictions under EO 13405 and EO 14038 remain active

Near term (90d)

  • Annual review and reporting requirements to Congress under National Emergencies Act
  • Potential Treasury/State Department guidance updates on Belarus sanctions

Long term

  • Emergency subject to renewal or termination by future presidential action before June 16, 2026
  • Ongoing sanctions regime against Belarus maintained indefinitely

Risks & tensions

  • Routine continuation with minimal policy change; maintains status quo sanctions architecture
  • Uncertainty about potential future expansion or contraction depending on geopolitical developments
Presidential Notice 13405: Continuation of the National Emergency With Respect to Belarus · Executive Orders