The U.S. Embassy in Bosnia and Herzegovina (BiH) confirmed that the Obama administration on Tuesday had imposed financial sanctions on Milorad Dodik, president of Republika Srpska (RS), an entity of BiH.

The U.S. Treasury Department has said in a statement that Dodik was designated for his role in defying the Constitutional Court of Bosnia and Herzegovina in violation of the rule of law, thereby actively obstructing the peace agreement known as the Dayton Accords.

According to BiH news agency Fena, at his first press conference in Banja Luka on Wednesday after the sanctions against him, Dodik said he felt proud and did not see it as a punishment, because it was proof that he was not ready "to sell the interests of RS."

He rated this decision as one which was "out of place" because those who made it know he has no assets in the United States and that on that basis they had nothing to block.

The Dayton Accord was signed in 1995 to end three and a half years of war in the Balkan country. It creates two entities of roughly equal size, one for Bosnian Muslims and Croats, the other for Serbs. Endit

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