The sanctions imposed by the US administration on individuals and companies in the Republika Srpska are seriously collapsing the economy. The negative effects will not be felt only by companies under sanctions, but by the whole of Bosnia and Herzegovina, as well as the region. This was highlighted at the Round Table dedicated to the impact of American sanctions on the economy, which was held in Banja Luka.
Companies under the sanctions of the US administration are in serious trouble. The entire economy feels the negative effects. Models are sought to overcome the current situation.
BOJAN VUJIĆ, director of “Infinity International group”
“We cannot get legal help from anyone on the basis of some kind of sanctions, which directly endangers us and jobs and workers and projects and everything else”.
It was assessed that the damage is not only suffered by Republika Srpska, but that the negative effects could be felt throughout Bosnia and Herzegovina, as well as in the region.
The economy, it was clarified, is in the system of connected vessels.
ALEKSANDAR LJUBOJA, Banja Luka Regional Chamber of Commerce
“I know consortiums of five companies from Triglav to Đevđelija. If it falls out of that system, it is not good for anyone. And there are no advantages. Whether some of them individually will get some benefit, it is minor as far as what they can do together”.
Companies under sanctions also face numerous legal problems. Banks first close the accounts of those companies. No law protects legal entities in that case. The Law on Obligatory Relations was adopted in 1978.
DAJANA ĐURIĆ, lawyer
“Some persons who were sanctioned closed their accounts, and precisely because of the pressure exerted on the banking sector, they did not even want to sue. I believe that it is not in anyone’s interest at this moment that, in addition to the fact that some companies are under sanctions, additionally endangers the operations of the financial sector”.
Concrete conclusions and models for overcoming the entire situation are expected, which could be sent to the Office of Foreign Assets Control of the United States Department of the Treasury, BHRT writes.
