More Russian-Linked Individuals Hit with US Property Freeze Sanctions
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 any money or property they have 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 their access to U.S. resources.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Assets of Named Persons Frozen
The Department of State added one or more people to the Treasury Department's Specially Designated Nationals and Blocked Persons (SDN) List. All property and interests in property subject to U.S. jurisdiction of these people are blocked, which means any money or property they have in the U.S. is frozen.
U.S. Persons Barred 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. businesses cannot do business with those listed, effective immediately.
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