The treasury has designated twenty-six Zimbabweanentities - 24 commercial farms and two businesses controlled by key members of the Mugabe regime - pursuant to executive order 13288, which is aimed at blocking the property of persons undermining democratic processes in Zimbabwe.
The Mugabe regime rules through politically motivated violence and intimidation and has triggered the collapse of the rule of law in Zimbabwe, said Robert Werner, director of the treasurys Office of Foreign Assets Control (OFAC).
By denying the Mugabe regime access to the US financial system and US persons, were cutting off the flow of support they could use to further destabilise Zimbabwe, Werner said.
The commercial farms are among those handed to favoured members of Zimbabwean President Robert Gabrial Mugabes regime following his chaotic land redistribution scheme.
Executive order 13288 provides for the blocking of properties within US jurisdiction or the possession or control of US persons in which the SDNS (specially designated nationals) have an interest, and it also denies them access to the US financial system. The two other businesses designated include: Cold Comfort Farm Trust Co-operative, an agricultural cooperative controlled by Didymus Noel Mutasa, minister of national security; and Ndlovu Motorways, which is controlled by Sikhanyiso Ndlovu.