On December 27, 2024, OFAC designated Bidzina Ivanishvili pursuant to Executive Order (E.O.) 14024, placing sanctions on the 67 year old billionaire and political figure. One of the wealthiest individuals in Georgia, Ivanisvilli founded the Georgian Dream Coalition in 2011 and served as Goeria's Prime Minister from October 2012 to November 2013. Despite his professed retirement from politics, he remains influential.
Although transactions or other dealings involving Ivanishvili are generally prohibited as a result of OFAC's designation, OFAC concurrently issued General License (GL) 116 authorizing U.S. persons to engage in all transactions with any entity owned 50% or more by Ivanishvili provided that such entity is not identified on the SDN List.
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