OFAC Blocks Russian Banker's U.S. Assets Over Ukraine Ties
Published Date: 1/22/2025
Notice
Summary
The U.S. Treasury’s OFAC just blocked all property and financial interests of Andrei Prikhodko, a Russian linked to harmful activities in Ukraine and Russia’s financial sector. This means Americans can’t do business with him starting January 15, 2025. It’s a clear move to tighten the squeeze on those supporting Russia’s actions.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
U.S. Persons: Transactions Blocked
If you are a U.S. person or business, you may not engage in transactions with the named parties and all their property and interests in property subject to U.S. jurisdiction are blocked starting January 15, 2025. OFAC published these names on the Specially Designated Nationals and Blocked Persons (SDN) List, including Andrei Valeryevich Prikhodko and multiple listed entities.
Secondary Sanctions Risk Noted
OFAC flagged a 'Secondary sanctions risk' for the listed persons under Section 11 of Executive Order 14024 and the Ukraine-/Russia-Related Sanctions Regulations (31 CFR 589.201 and/or 589.209). This note signals additional sanctions risk for those who engage with the named parties.
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Key Dates
Department and Agencies
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