The European Union’s attempt to sanction Serbia’s Karić family over their ties to the authoritarian president of Belarus ultimately failed because it listed the wrong company details, according to an investigation. The family used their relationship with Belarusian President Aleksandr Lukashenko to obtain real estate development and construction contracts worth more than $1 billion. When the EU targeted their Cyprus-based firm, Dana Holdings, in 2020, the sanctions list mistakenly omitted the Cyprus company’s registration number. Instead, it incorrectly liste
Source: OCCRP, 2025-10-21; https://www.occrp.org/en/news/how-the-eu-mistakenly-sanctioned-decoy-company-when-it-targeted-a-business-in-belarus