US Sanctions Entities Linked to Russian Influence and Corruption in Western Balkans

The US Department of State has announced new designations under Executive Order 14024, targeting entities and individuals with ties to Russian influence and corruption in the Western Balkans.

Designated Entities and Individuals

The following entities and individuals have been designated for their involvement in providing financial, material, or technological support to Jordan Kamcev, whose property and interests in property are already blocked under Executive Order 14033:

• Sistina Lajf Kear Sentar
• Bet City
• Orka Holding AD
• Orka Fajnans
• Kamchev Konsalting
• Misa Vacic
• Nenad Popovic
• Several Russia-based holdings and subsidiaries owned or controlled by Irina, including:
  • Asset Electro LLC
  • Asset Automation LLC
  • Mosen Esset Menedzhment LLC

Accusations and Involvement

These entities have been accused of:

• Providing financial support to Jordan Kamcev (Bet City)
• Operating in various industries, including finance, real estate, and consulting (Orka Holding AD)
• Using Russia-based businesses to enrich themselves and gain close connections with Kremlin senior leaders (Nenad Popovic)
  • Asset Electro LLC: operating in the electronics sector
  • Asset Automation LLC: operating in the management consulting sector
  • Mosen Esset Menedzhment LLC: operating in the management consulting sector

Sanctions and Impact

As a result of these designations:

• All property and interests in property of the designated individuals and entities that are in the United States or in the possession or control of US persons are blocked and must be reported to the Office of Foreign Assets Control (OFAC).
• Any transactions involving these entities or individuals are prohibited unless authorized by OFAC.

Purpose of Sanctions

The sanctions aim to disrupt Russian influence and corruption in the Western Balkans, which threatens the rule of law and stability in the region.