Locking assets and bank accounts, what are sanctions against Dodik

Locking assets and bank accounts, what are sanctions against Dodik

Following the list of new sanctions published today by the US Treasury Department, including Milorad Dodik and television “Alternative to its control, the US State Department made details about the consequences of imposed sanctions. New sanctions include blocking assets and banking accounts. “As a result of today's action, [...]

New sanctions include blocking assets and banking accounts.

“As a result of today's action, all property and interest in the property of the above-listed sanctioned U.S. or controlled by an American citizen are blocked and should be reported to OFAC (US Treasury Department Office for Foreign Property Control)”, said the US Treasury Department's announcement.

It was also stressed that sanctions include other types of bans.

All transactions conducted by US citizens, or within the United States (or in transit through the United States), involving any property or right owned or sanctioned persons are otherwise prohibited, unless OFAC issued a general or specific permit or exemption. The bans apply to either contributing funds, goods or services from, either to the benefit of any sanctioned person, or to receiving any contributions or funds, goods or services from such a person”, the report says.

State Department warns further action following sanctions on Dodik

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