The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed financial sanctions on Bidzina Ivanishvili, the founder and honorary chairman of the Georgian Dream ruling party.“All transactions prohibited by Executive Order (E.O.) 14024 involving any entity that is blocked solely due to a property interest of Bidzina Ivanishvili (Ivanishvili), or any entity in which Ivanishvili owns, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest, are authorized, provided that such entity is not identified on the Office of Foreign Assets Control’s List of Specially Designated Nationals and Blocked Persons,” reads the statement.
Earlier, Matthew Miller, Spokesperson for the United States Department of State wrote on X: “The U.S. is sanctioning Bidzina Grigoris Dze Ivanishvili, the founder and honorary chairman of Georgian Dream. His actions have enabled human rights abuses and undermined the democratic and European future of the Georgian people for the benefit of the Russian Federation.”