FILE - Bosnian Serb political leader Milorad Dodik speaks during a press conference in Srebrenica, Bosnia, May 23, 2024. A network of people and firms that support the sanctioned president of Bosnia’s Serb-run part, Milorad Dodik, has been hit with new sanctions. Treasury’s Office of Foreign Assets Control designated two people and seven companies that provide revenue for Dodik and his family.
Treasury says Dodik used his presidency to direct government contracts to a network of private companies that he and his son oversee.that threatened to destabilize the region and undermine a U.S.-brokered peace accord from more than 25 years ago. A set of sanctions were imposed on aThere are widespread fears in the U.S.
Brian Nelson, Treasury’s under secretary for terrorism and financial intelligence said, “We will continue to expose the fraudulent schemes that enable Dodik and his family to exploit their own people for their personal benefit.”Hussein reports on the U.S. Treasury Department for The Associated Press. She covers tax policy, sanctions and any issue that relates to money.