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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a network comprising two individuals and seven entities that provide significant revenue sources for Republika Srpska (RS) President Milorad Dodik and his family. The action targets companies linked to Dodik and his son, Igor Dodik, which have allegedly manipulated government contracts to benefit their business interests.
"The United States condemns Dodik’s continued efforts to erode the institutions that have ensured peace and stability for Bosnia and Herzegovina and the region," stated Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. "We will continue to expose the fraudulent schemes that enable Dodik and his family to exploit their own people for their personal benefit."
Dodik has been accused of using his official position to amass personal wealth, threatening Bosnia and Herzegovina's (BiH) safety through secessionist rhetoric, and undermining regional stability. His recent proposal for RS disassociation from BiH continues actions contrary to the Dayton Peace Accords (DPA). The U.S. previously designated Dodik on January 5, 2022, under Executive Order (E.O.) 14033 for activities obstructing the DPA, with additional sanctions placed on him on July 17, 2017.
Igor Dodik manages several companies within this network behind nominal owners' façades. Entities such as Infinity International Group d.o.o., Prointer ITSS d.o.o., Kaldera Company El PGP d.o.o., Infinity Media d.o.o., K-2 Audio Services Banja Luka d.o.o., Una World Networkd.o.o., and Sirius 2010 d.o.o. are included in this designation.
Prointer ITSS d.o.o., Kaldera Company El PGP d.o.o., Sirius 2010 d.o.o., Milenko Cicic, Djordje Djuric, Infinity International Group d.o.o., Infinity Media d.o.o., K-2 Audio Services Banja Luka d.o.o., and Una World Networkd.o.o. are now subject to E.O. 14033 sanctions due to ownership or control by Igor or involvement in supporting his activities.
As a result of these designations, all property within U.S jurisdiction belonging to these persons is blocked. Transactions involving these properties by U.S persons are generally prohibited unless authorized by OFAC.
OFAC emphasizes that its sanctions aim not at punishment but at fostering positive behavioral changes. Information on seeking removal from an OFAC list is available through OFAC’s Frequently Asked Question 897.
