Taking Additional Steps With Respect to the Situation in the Western Balkans

Jan 13, 2025

Summary

Blocks the property and assets of people who threaten peace, undermine democracy, or are involved in corruption in the Western Balkans region.

What problem does this solve?

Some people are trying to cause trouble in the Western Balkans by challenging borders, breaking peace deals, and being corrupt, which makes things unstable. This order helps stop them by freezing their money and property in the United States, preventing them from using the U.S. financial system.

What does this order do?

Amends a previous executive order

Replaces the main section of Executive Order 14033 to update and expand the reasons for placing sanctions on individuals in the Western Balkans.

Blocks property of individuals threatening peace

Freezes all property and assets in the U.S. for any person found to be threatening the peace, security, stability, or territorial integrity of the Western Balkans.

Sanctions those who undermine democracy

Blocks the property of anyone who undermines democratic processes or institutions in the region.

Targets corruption

Allows for sanctions against current or former government officials involved in corruption, such as stealing public money or taking bribes.

Includes family members in sanctions

Blocks the property of spouses and adult children of individuals who have been sanctioned for threatening peace, undermining democracy, or engaging in corruption.

Sanctions for violating peace agreements

Blocks property of anyone who violates or obstructs major regional peace agreements like the Dayton Accords or the Prespa Agreement.

Who does this affect?

Individuals in the Western Balkans engaged in destabilizing activities
Family members of sanctioned individuals
U.S. persons and financial institutions

What is the real world impact?

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Promotes stability in the Western Balkans

Uses financial sanctions to pressure individuals and groups who are undermining peace agreements, engaging in corruption, or violating human rights. This helps support democratic governments and regional security.

When does this start?

This order takes effect immediately as of January 8, 2025.