U.S. Blacklists More Russian Figures Over Harmful Acts
Published Date: 2/21/2025
Notice
Summary
The U.S. government just added some people linked to harmful actions by the Russian government to a special blacklist. This means their property in the U.S. is frozen, and Americans can’t do business with them. These moves are immediate and aim to stop bad behavior by cutting off money and access.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Assets of Listed Persons Frozen
People or companies that the Department of State added to the Treasury Department’s SDN (Specially Designated Nationals) list have all property and interests in property subject to U.S. jurisdiction blocked. That means assets they hold in the United States are frozen and cannot be used or transferred under U.S. law.
U.S. Persons Prohibited From Transactions
U.S. persons are generally prohibited from engaging in transactions with anyone placed on the SDN list. If a person or business is on that list, U.S. individuals and companies cannot do business with them or deal in property subject to U.S. jurisdiction.
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