On January 8, 2025, the President of the United States issued Executive Order (E.O.) 14140, an amendment to E.O. 14033. This amendment expands the U.S. government's ability to target activities that undermine regional peace and rule of law in the Western Balkans.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated five individuals and one entity connected to Republika Srpska (RS) President Milorad Dodik's network. These designations are for facilitating efforts that enrich Dodik and his family at public expense and organizing events contrary to Bosnia and Herzegovina's constitutional principles.
"Today's action highlights Dodik’s continued efforts to undermine the democratic and multiethnic framework that defines modern-day Bosnia and Herzegovina," stated Bradley T. Smith, Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence.
Key figures in this network include Igor Dodik, son of Milorad Dodik, who controls several entities through distinct owners. BiH national Pavle Corovic is also designated for owning or controlling Global Liberty d.o.o., which received incentives from RS funds.
Additionally, Radmila Bojanic and Nemanja Reljin have been named for their roles with Nimbus Innovations d.o.o., controlled by Igor Dodik. Sinisa Dodik has provided strategic insights to Igor, while Marko Gujanicic collaborated on a media research scheme annulled by a BiH court.
In response to unconstitutional celebrations of "Republika Srpska Day," OFAC has designated several officials involved in planning these events despite court rulings against them. Among those sanctioned are RS Minister of Interior Sinisa Karan, Chief of Staff Danijel Dragicevic, Director Dijana Milankovic, and others.
Sanctions implications mean all property related to these persons within U.S. jurisdiction is blocked. Transactions involving these individuals are generally prohibited unless authorized by OFAC licenses.
OFAC emphasizes that its sanctions aim not just at punishment but at encouraging positive changes in behavior among targeted entities.
For more information about today's sanctions designations, visit OFAC's website.
