The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) added one entity and one individual to its Specially Designated Nationals and Blocked Persons List (SDN List) as of December 10, 2024. This action means that all their property and interests in property within U.S. jurisdiction are blocked, and U.S. persons generally cannot conduct transactions with them. The details of this update, including the SDN List, are available on OFAC's website.
Simple Explanation
The U.S. government has added one person and one company to a special list that means no one in the U.S. is allowed to do business with them because they're in trouble. All their stuff in the U.S. is frozen, like when you can't touch something in the freezer until you're told it's okay.