2026-22248NoticeWallet

State Department Sanctions Three for Intellectual Property Violations

Published Date: 11/2/2026

Notice

Summary

On February 24, 2026, the U.S. Department of State slapped sanctions on Sergey Sergeyevich Zelenyuk and two companies, Matrix LLC and Special Technology Services LLC FZ, for violating American intellectual property laws. These sanctions block their property and restrict their business activities, aiming to protect U.S. innovation. The actions took effect immediately, signaling serious financial and legal consequences for those involved.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 3 costs, 0 mixed.

Blocking of Property for Named Individual

On February 24, 2026, Sergey Sergeyevich Zelenyuk was designated under section 2(a)(1)(A) of the Protecting American Intellectual Property Act (PAIPA) and is subject to blocking of property under PAIPA Sec. 2(b)(2)(A). This means Zelenyuk's property is blocked under U.S. authority and he faces immediate legal and financial restrictions.

Matrix LLC: Blocked and Restricted from U.S. Financial Services

Matrix LLC was designated under section 2(a)(1)(A) of PAIPA effective February 24, 2026, and is subject to blocking of property (Sec. 2(b)(1)(A)) and specific financial restrictions including loans from United States financial institutions (Sec. 2(b)(1)(D)), foreign exchange (Sec. 2(b)(1)(H)), banking transactions (Sec. 2(b)(1)(I)), and a ban on investment in its equity or debt (Sec. 2(b)(1)(J)).

Special Technology Services LLC FZ: Blocked and Financially Restricted

Special Technology Services LLC FZ was designated effective February 24, 2026, under PAIPA and is subject to blocking of property (Sec. 2(b)(1)(A)) and alternative listed financial restrictions: loans from United States financial institutions (Sec. 2(b)(1)(D)), foreign exchange (Sec. 2(b)(1)(H)), banking transactions (Sec. 2(b)(1)(I)), and a ban on investment in its equity or debt (Sec. 2(b)(1)(J)). The entity is also identified as linked to Sergey Sergeyevich Zelenyuk.

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Key Dates

Effective Date
Published Date
2/24/2026
11/2/2026

Department and Agencies

Department
Independent Agency
Agency
State Department
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