Alexander Volfovich is a Cyprus-based arms broker and Zimenkov network associate. In addition to being an owner and director of GBD Limited, Alexander Volfovich is the public, registered owner of the following six companies in the Zimenkov network. Alexander Volfovich was designated pursuant to E.O. 14024 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Igor Zimenkov. GBD Limited, Mateas Limited, Kliosa Limited, GMI Global Manufacturing & Integration Limited, VFC Solutions LTD, U-Stone Limited EOOD, and D.E.S. Defense Engineering Solutions LTD were designated pursuant to E.O. 14024 for being owned or controlled by, or for having acted or purported to act for or on behalf of, directly or indirectly, Alexander Volfovich. Alexander Volfovich’s two adult sons, Stanislav Volfovich and Ariel Volfovich, maintain leadership roles on entities in the Zimenkov network. Stanislav Volfovich and Ariel Volfovich were designated pursuant to E.O. 14024 for being or having been leaders, officials, senior executive officers, or members of the board of directors of VFC Solutions LTD.
Cyprus-based Igor Palnychenko (Palnychenko) maintains a leadership role for GMI Global Manufacturing & Integration Limited, alongside Alexander Volfovich. Palnychenko was designated pursuant to E.O. 14024 for being or having been a leader, official, senior executive officer, or member of the board of directors of GMI Global Manufacturing & Integration Limited.
E.O. 14038. On August 9, 2021, the President, invoking the authority of, inter alia, the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), issued E.O. 14038. In E.O. 14038, the President expanded the scope of the national emergency declared in E.O. 13405, finding that the Belarusian regime's harmful activities and long-standing abuses aimed at suppressing democracy and the exercise of human rights and fundamental freedoms in Belarus including illicit and oppressive activities stemming from the August 9, 2020, fraudulent Belarusian presidential election and its aftermath, such as the elimination of political opposition and civil society organizations and the regime's disruption and endangering of international civil air travel—constituted an unusual and extraordinary threat to the national security and foreign policy of the United States.
