OFAC Sanctions Network Supporting Serb Republic President
The Office of Foreign Assets Control this week sanctioned three people and four entities in Bosnia and Herzegovina that are part of a sanctioned financial network propping up Milorad Dodik, the designated president of the Serb Republic, which is a political division of Bosnia.
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The designations target Nimbus Innovations d.o.o. Banja Luka, a Bosnian information technology services company; Bosnian national Aleksandar Dobric and Serb Republic-based Best Service d.o.o. Banja Luka; Dobric’s father, Mirko Dobric; Serb Republic-based Zelena Jabuka d.o.o.; Bosnian national Vlatko Vukotic; Serb Republic-based Vorto d.o.o.; Stasa Kosarac, the Bosnian foreign trade minister; and Viktor Pavlovich Perevalov, the director of U.S.-sanctioned VAD, AO, a Russia-based construction company.
OFAC said they make up a network of people and companies that help Dodik’s family evade sanctions or that “enable” Dodik’s corruption. “The United States will continue to expose these efforts and hold accountable the individuals enabling these schemes,” said Bradley Smith, the Treasury Department’s acting undersecretary for terrorism and financial intelligence.