On Dec. 27, 2024, the Biden administration’s Treasury Department did two things, and only one of them made the news.

First, it sanctioned Bidzina Ivanishvili under Executive Order 14024 — the sanctions architecture built for the Russian Federation. In the U.S. government’s own assessment, Ivanishvili acted on behalf of — and for the benefit of — the Russian Federation while shaping Georgia’s political direction. Translate that from bureaucratese: my country’s de facto ruler works for Moscow.