Search Results for: OFAC

On Friday, the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the two adult children of Bosnian Serb and pro-Russia leader Milorad Dodik and their associated business entities for their alleged involvement in his ongoing corruption. According to the OFAC press release, companies such as Global Liberty d.o.o. Laktasi (Global Liberty), Agro Voce [...]

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions Wednesday targeting individuals that contribute to Hamas operations and financing. In total, OFAC announced sanctions on ten individuals in Gaza, Sudan, Turkey, Algeria and Qatar for being members of Hamas, contributing to Hamas operations or facilitating financing for Hamas. The sanctions [...]

The US announced on Monday it sanctioned four officials in Bosnia and Herzegovina for actions it says undermines the Dayton Peace Agreement. This comes after the Republika Srpska National Assembly (RSNA) passed a law saying decisions from Bosnia and Herzegovina’s constitutional court were null in the Republika Srpska, one of the two states that makes [...]

The US Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Tuesday that it was sanctioning two South Sudanese officials involved in conflict-related sexual violence. The two officials, General James Nando and Governor Alfred Futuyo, were added to OFAC’s specially-designated nationals list for South Sudan, which blocks their access to any US assets and [...]

The US Department of the Treasury Thursday sanctioned 39 entities connected with providing financial services to sanctioned Iranian firms, such as Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance Petrochemical Co. Ltd. (Triliance). US officials alleged the sanctioned entities provided the Iranian firms with access to the international financial system and obfuscated their trade [...]

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Thursday announced sanctions against eight individuals, 16 entities and four aircraft affiliated with “transnational criminal organization” the Wagner Group (PMC Wagner). In order to undermine Russia’s capacity to wage war against Ukraine, the sanctions target entities that support PMC Wagner and the production [...]

The United States Treasury Office of Foreign Assets Control (OFAC) Monday sanctioned 28 entities and 14 individuals that provide technology to the Russian military. The sanctions, part of a worldwide effort to disrupt Russia’s war in Ukraine, prohibit any transactions with the people or property subject to the sanctions within the United States. Under the [...]

The US Department of the Treasury (DOT) Wednesday announced sanctions against two members of the violent Russian extremist group known as the Russian Imperial Movement (RIM). The DOT imposed sanctions on Stanislav Shevchuk and Alexander Zhuchkovsky pursuant to Executive Order (EO) 13224.  EO 13224 “gives the U.S. Government a powerful tool to impede terrorist funding and [...]

The Biden administration Friday announced that the US would continue to “spare no effort” to provide the Ukrainian military with weapons to protect its country. Biden noted that Ukrainian forces have used military weapons sent by the US to “repel the Russian attack on Kyiv, keep the skies of Ukraine contested, and deliver severe blows [...]

The US Departments of State and Treasury Thursday announced sanctions against two more Russian state-owned enterprises. The Office of Foreign Assets Control (OFAC) designated Alrosa, the world’s largest diamond mining company, which manages 90 percent of Russia’s diamond mining capacity and accounts for nearly 30% percent of global diamond mining. Secretary of State Antony Blinken [...]