Regulatory intelligence for US exporters

OFAC Sanctions Companies Tied to Serb President, Issues General Licenses

The U.S. this week designated people and companies tied to the sanctioned president of the Serb Republic and his family, including businesses they use to generate wealth or evade sanctions, the Office of Foreign Assets Control said. OFAC also issued two new general licenses to authorize certain transactions with the people and companies and updated one existing license.

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The designations target several companies overseen by President Milorad Dodik and his son Igor Dodik, including Infinity International Group d.o.o. Banja Luka, Prointer ITSS d.o.o., Banja Luka Clan Infinity International Group, Kaldera Company El PGP d.o.o., Infinity Media d.o.o., K-2 Audio Services Banja Luka d.o.o., and Una World Network d.o.o. The agency also sanctioned Sirius 2010 d.o.o. Banja Luka, an information technology company that is known for being awarded “lucrative” government contracts. Djordje Djuric and Milenko Cicic serve in leadership roles for the network of companies.

New General License No. 4 authorizes certain wind-down transactions through 12:01 a.m. EDT Aug. 17 with Infinity International Group, Sirius 2010 and any entity they own by 50% or more. General License No. 5 authorizes certain transactions involving pumps made or distributed by Kaldera Company to treat or distribute drinking water.

OFAC also issued General License 3A, an updated version of a previously issued license that authorizes certain transactions related to agricultural commodities, medicine, medical devices, replacement parts, software updates and other similar deals with ceratin sanctioned entities. The license authorizes those transactions with Orka Holding, Infinity International Group, Sirius 2010 and any entity they own by 50% or more.