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11 July 2023 WASHINGTON - Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on an individual from Serbia pursuant to Executive Order (E.O.) 14033. The appointment of Alexander Vulin (Vulin) underscores the determination of the United States to punish those who engage in corrupt practices that further their own political goals and personal interests to the detriment of peace and stability in the Western Balkans. These corruption cases facilitate Russia's malicious activities in Serbia and the region.

The Treasury Department will not hesitate to punish those who abuse their positions for personal gain by undermining effective and democratic governance in the Western Balkans.

- stated Treasury Undersecretary for Terrorism and Financial Intelligence Brian E. Nelson. "Today's actions punish Alexander Vulin for his corrupt and destabilizing actions, which also facilitated Russia's malicious activities in the region. "

OFFICIAL USING HIS POSITION IN THE POLITICAL SPHERE FOR PERSONAL AND PARTY PURPOSES

Alexander Vulin (Vulin) has been charged with transnational organized crime, illegal drug operations and abuse of state power. Vulin maintains a mutually beneficial relationship with Slobodan Tesic, a Serbian arms dealer under U.S. sanctions, helping to ensure the free movement of Tesic's illegal arms shipments across Serbia's borders.

Vulin's actions contribute to corruption in Serbia's governing bodies. He abused his authority for personal gain, including involvement in a drug trafficking ring.

OFAC appoints Wulin pursuant to E.O. 14033 for liability or facilitation of corruption in the Western Balkans

including corruption by a government in the Western Balkans or a current or former public official at any level of government in the Western Balkans, such as misappropriation of public assets, taking private assets for personal or political gain, or bribery.

The consequences of the sanctionsG/h3>

As a result of today's action, all property and interests in property of the designated person described above located within the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, all entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. All transactions by U.S. citizens within (or in transit through) the United States that involve any property or interests in property of designated or otherwise blocked persons are prohibited unless authorized by a general or special license issued by OFAC or exempted from that requirement. Any contribution or provision of funds, goods, or services from, to, or for the benefit of any blocked person or the receipt of any contribution or provision of funds, goods, or services from such a person is also prohibited.

In addition, financial institutions and other persons who engage in certain transactions or activities with a penalized person may subject themselves to sanctions or be subject to enforcement action. Click here for more information about the person appointed today.