Search Results for keywords:"Blocked Property"

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Search Results: keywords:"Blocked Property"

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  • 2024-29370 — Notice of OFAC Sanctions Actions
    Type:Notice
    Citation:89 FR 101095
    Reading Time:about 5 minutes

    The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added several individuals and entities to its Specially Designated Nationals and Blocked Persons List because they met certain legal criteria. As a result, all their property and any interests they have within the U.S. are blocked, and U.S. citizens are prohibited from doing business with them. These sanctions are mainly related to their activities in the financial and technology sectors of the Russian Federation economy. This action was taken under the authority of Executive Order 14024.

    Simple Explanation

    The U.S. Treasury has put some people and companies from Russia on a special list because they broke certain rules, so now Americans can't do business with them. This is to stop them from using their money and things they own in America.

  • 2025-02898 — Notice of Department of State Sanctions Actions Pursuant to the Executive Order Regarding Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation
    Type:Notice
    Citation:90 FR 10314
    Reading Time:about 2 minutes

    The Department of State has added one or more individuals to the Treasury's Specially Designated Nationals and Blocked Persons List because they meet the legal criteria set by an Executive Order targeting harmful activities by the Russian government. As a result, their assets in the U.S. are frozen, and American citizens are generally not allowed to do business with them. For more information, individuals can check the SDN List on the Office of Foreign Asset Control's website.

    Simple Explanation

    The Department of State has made a decision to stop certain people from doing business in the U.S. because they did things that were not nice, like harmful activities related to the Russian government. Now, these people can't use their money or things in America, and U.S. folks aren't supposed to deal with them.