US Freezes Assets of Russian Bad Actors in Latest Blacklist Update
Published Date: 2/21/2025
Notice
Summary
The U.S. government just added some people to a special blacklist because of harmful actions linked to the Russian government. This means any money or property they have in the U.S. is frozen, and Americans can’t do business with them. These changes take effect immediately, tightening the financial squeeze on those involved.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Listed Individuals’ U.S. Assets Frozen
The Department of State added one or more people to the Treasury Department’s List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the Office of Foreign Assets Control (OFAC). All property and interests in property of those listed that are subject to U.S. jurisdiction are blocked and frozen. This action is effective immediately.
U.S. Persons Prohibited From Transactions
U.S. persons are generally prohibited from engaging in transactions with the people added to the SDN List. That means Americans and U.S.-based entities may not do business with those designated, and this prohibition is in effect immediately.
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