Due to issues with American sanctions, companies in Bosnia's Republika Srpska etity are dissolving and reforming, with the Infinity group also undergoing re-registration and ownership changes. In Banja Luka, they unveiled a business model aimed at protecting nearly 800 jobs. Despite these efforts, entities like the sanctioned SDS have struggled under the expanded OFAC list. Are solutions on the horizon?

Ownership transfers, mergers, and acquisitions remain unclear, but it has been officially announced that the Infinity group, which includes several subsidiary companies, will cease to exist.

“We will see which model we choose, whether it is liquidation or bankruptcy. It all depends on the legal possibilities available to us as we try to retain the contracts we currently have signed,” said Bojan Vujic, President of Infinity International.

Some companies on the U.S. blacklist, such as Una TV in Serbia and Kaldera, which is undergoing re-registration, have become independent and established new management. After the 100% owner of the group, Djordje Djuric, stepped down, a new management structure composed of employee managers took over the companies. The focus remains on the IT sector, with Prointer's lucrative deals being maintained through re-registration. A new entity, Invictus Technology, has been founded.

“The Infinity group as such will no longer exist; in the coming period, through re-registrations and other changes, the companies will disappear. It is important to mention that the company responsible for the IT segment of our business will be ‘Invictus Technology’ group, and its primary activity will be information technologies. ‘Invictus’ will consist of all the people already in the management structures of the companies. All those who have contributed to the development of the IT business within our group will continue to act as owners and members of the management of the new company,” Vujic explained.

Vujic emphasized that solutions are being sought for ATV and Una, prioritizing the interests of around 800 employees in the group. He stated that they are open to discussions with the U.S. embassy and transparent about the substantial takeover of the companies.

Vujic confirmed that not all accounts have been closed, as there are still loans amounting to approximately 15 million KM. Jelena Trivic, President of the People's Front, avoided commenting extensively on the politics of major powers but criticized the policy of confrontation.

“I feel for the people who are experiencing problems due to the closure of accounts for certain companies. Why this happened, I am the last person to answer. The leaders of RS are always the most responsible. I won't say they are responsible for the sanctions because the U.S. imposes sanctions. We are always against sanctions and impositions,” said Jelena Trivic.

It's not just companies allegedly tied to Dodik that are in a difficult situation. The opposition SDS has also faced problems and had to lay off 35 employees due to account closures. However, following negotiations with the RS government, funds from the budget for the party's functioning were disbursed, which should end the workers’ agony.

“I know that a conclusion was reached at the Government session to transfer the funds to the account we opened under the assignment contract,” said Milan Milicevic, President of SDS.

Whether this is the final solution to the problem of American sanctions for SDS and numerous companies and individuals remains unconfirmed. The State Department continues to warn that anyone doing business with entities on the OFAC list may themselves end up on it.