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Notice 13405NoticeTrump 47 · R Quiet signal

Presidential Notice 13405

Continuation of the National Emergency With Respect to Belarus

President continues for one year the national emergency regarding Belarus originally declared in 2006 and expanded in 2021, citing ongoing threats to U.S. national security and foreign policy from the Belarusian regime's anti-democratic actions, human rights abuses, and endangerment of international civil air travel.

Federal Register Open PDF 91 FR 31333

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 & financeOil & gasOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseImporter — Continued emergency maintains IEEPA-based sanctions restricting Belarus-related trade and transactions
  • AdverseDownstream manufacturer — Supply chain exposure to Belarusian inputs or transit remains restricted
  • AdverseTrading-partner exporter — Belarusian entities remain blocked; third-country firms face potential secondary sanctions risk

Geographies

USOTHER

Exposure dates

  • — Continued national emergency expires unless further extended

Illustrative public companies

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

AAPLAppleHSBCHSBCSHELShellTSLATesla

Confidence: high · Policy alerts

Key directives

  • Continue national emergency declared in Executive Order 13405 for 1 year beyond June 16, 2026
  • Publish notice in Federal Register
  • Transmit notice to Congress

Timeline

Immediate

  • National emergency continues in effect beyond June 16, 2026
  • Existing sanctions and IEEPA authorities remain active

Near term (90d)

  • Annual congressional notification completed
  • Federal Register publication

Long term

  • Emergency subject to potential renewal or termination by May 2027
  • Ongoing sanctions enforcement and potential designations continue

Risks & tensions

  • Routine procedural continuation with no policy expansion; minimal friction
  • Maintains status quo sanctions architecture without escalation or de-escalation
  • Belarus-Russia alignment may complicate secondary sanctions exposure for third parties
Presidential Notice 13405: Continuation of the National Emergency With Respect to Belarus · Executive Orders