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New US Sanctions On Russian Bank, Oligarchs And Crypto miner BitRiver: Report

New US Sanctions On Russian Bank, Oligarchs And Crypto miner BitRiver: Report

NDTV
Saturday, April 23, 2022 11:44:39 AM UTC

The US imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company.

The United States earlier this week imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow's evasion of existing sanctions over Russia's invasion of Ukraine.

On Wednesday, the U.S. Treasury Department said it designated a virtual currency mining company for the first time, alongside more than 40 people and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev.

“Treasury can and will target those who evade, attempt to evade, or aid the evasion of U.S. sanctions against Russia, as they are helping support Putin's brutal war of choice,” Treasury under secretary for terrorism and financial intelligence, Brian Nelson, said in a statement.

The Russian Embassy in Washington did not immediately respond to a request for comment.

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