The Office of Foreign Assets Control last week sanctioned two people and four entities for being a part of Serb Republic President Milorad Dodik’s “patronage network” and supporting his “ongoing corruption,” including by allowing him to siphon public funds to enrich himself and his family. OFAC said Dodik uses his position in the Serb Republic, one of two entities making up Bosnia and Herzegovina, to “accumulate personal wealth through graft, bribery, and other forms of corruption.”
U.N. sanctions on Iranian missile-related activities expired Oct. 18, as part of a sunset clause included in the 2015 Iran nuclear deal, which had lifted certain sanctions against Iran in return for the country placing limits on its nuclear program. The sunset in the nuclear deal “was based on the assumption that Iran would take the necessary steps towards restoring confidence in the exclusively peaceful nature of its nuclear program,” the State Department said. “This has not happened.”
The Office of Foreign Assets Control this week sanctioned various Hamas members, operatives and financial facilitators in an effort to “root out” the terror group’s revenue sources in the West Bank, Gaza and throughout the region. OFAC said the designations build on the nearly 1,000 people and entities already sanctioned by the agency and who are connected to terrorism and terrorist financing by the Iranian regime and its “proxies.”
Canada this week announced sanctions against nine Moldovan people, saying they are “Russian collaborators” with ties to sanctioned oligarchs. The country also sanctioned six television stations that have had their operating licenses revoked by Moldova’s Commission for Exceptional Situations and “actively promote and disseminate Russian disinformation” to justify Russia’s war against Ukraine.
The U.S. could impose new sanctions or tighten existing ones against Hamas in response to the group’s recent attacks on Israel, Treasury Secretary Janet Yellen said, speaking to reporters ahead of annual meetings of the International Monetary Fund and the World Bank in Marrakesh, Morocco. She said those decisions are under consideration.
President Joe Biden this week renewed a national emergency authorizing certain sanctions related to Syria, the White House said. The situation in Syria "undermines the campaign to defeat the Islamic State of Iraq and Syria" and threatens civilians, peace and security in the region, the White House said. The emergency for Syria was renewed for one year from Oct. 14.
A House bill that could apply blocking sanctions on a host of Chinese companies included on various government denied party lists would “create enormous problems” for U.S. companies doing business in China, said William Reinsch, a former Commerce Department official and current Scholl Chair in International Business at the Center for Strategic and International Studies.
The U.N. Security Council last week removed an Iraq-related entry from its sanctions list. The entry was for Walid Hamid Tawfiq al-Tikriti, an Iraqi national and governor of the Basrah province who was first sanctioned by the U.N. and the Treasury Department in 2003. He remains sanctioned by Treasury.
The U.S. has sanctioned more than 2,500 Russia-related parties or entities, including over 80% of the country’s banking sector by assets, since Moscow invaded Ukraine last year, said Elizabeth Rosenberg, the Treasury Department’s assistant secretary for terrorist financing and financial crimes. But she said the administration can still do more to increase pressure on the Russian government.
The U.S. this week sanctioned a China-based network of companies and people involved in manufacturing and distributing “ton quantities” of fentanyl, methamphetamine and MDMA precursors. The designations also target two entities and one person based in Canada.