State Adds More Russians to the Naughty List—Assets Frozen
Published Date: 2/21/2025
Notice
Summary
The U.S. Department of State has added new people and groups linked to harmful actions by the Russian government to a special sanctions list. This means their property in the U.S. is frozen, and Americans can’t do business with them. These changes took effect on October 30, 2024, tightening financial restrictions to stop bad behavior.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New SDN Listings: U.S. Asset Freezes and Transaction Ban
On October 30, 2024, the Department of State added one or more people and groups to the Treasury Department's Specially Designated Nationals and Blocked Persons (SDN) List. All of their property and interests in property under U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
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Key Dates
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Previous / Next Documents
Previous: 2025-02901, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has officially blocked the property and financial interests of certain people linked to harmful actions by the Russian government. These individuals are now on a special sanctions list, meaning Americans can’t do business with them. This update took effect on February 23, 2024, and aims to stop bad behavior by freezing assets under U.S. control.
Next: 2025-02903, Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
The U.S. Department of State has officially blocked the property and money of certain people linked to harmful actions by the Russian government. These folks are now on a special blacklist, meaning Americans can’t do business with them. This update took effect on May 1, 2024, and aims to stop bad behavior by freezing assets under U.S. control.