US Imposes New Sanctions On Bosnian Serb Leader

(MENAFN- Kuwait News Agency (KUNA)) WASHINGTON, June 18 (KUNA) -- The US Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed Tuesday new sanctions on a network of two individuals and seven entities that provide major sources of revenue for US-designated Bosnian Serb Leader Milorad Dodik and his family.
"The United States condemns Dodik's continued efforts to erode the institutions that have ensured peace and stability for Bosnia and Herzegovina and the region," Undersecretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson said in a statement on Tuesday.
"We will continue to expose the fraudulent schemes that enable Dodik and his family to exploit their own people for their personal benefit."
According to the statement, Dodik has used his official position to accumulate personal wealth through companies linked to himself and to Igor Dodik (Igor).
For example, in 2024, Igor and Dodik exercised their control over senior Bosnia and Herzegovina (BiH) government officials to manipulate the draft BiH state budget so that a state-level contract could be awarded to Prointer ITSS d.o.o. Banja Luka Clan Infinity International Group-an entity in the network-outside of the competitive process. (end)
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