City Sanction Financial News

14.06 / 17:39

Treasury to Extend Sanctions Carve-Out for Russian Energy Payments

WASHINGTON—The Treasury Department extended a sanctions carve-out allowing U.S. financial institutions to process transactions related to Russian energy sales for nearly six months as the U.S. seeks to minimize further disruption in global energy markets.

20.05 / 19:45

Strategy Russian Inflation Makes U.S. Price Rises Look Tame

Sanctions are hitting Russian families at the grocery store as food prices rise amid surging inflation, which is already running at double the rate of the West.

17.05 / 21:41

Drag U.S. Floats Tariff on Russian Oil as EU Oil-Sanction Talks Drag On

BRUSSELS—The U.S. is talking with the European Union about ways to limit global energy price increases that could be caused by an EU-proposed embargo on Russian oil, looking at additional options like setting a tariff on imports of Russian oil, according to U.S. Treasury officials.

06.05 / 20:47

Twitter SEC Bitcoin SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

06.05 / 12:59

Binance Tether Bitcoin Russian Bitcoin Trading Remains Down on Binance

Trading volume in the market for bitcoin (BTC) against Russian rubles (RUB) remains down on Binance after the exchange limited the activity of some Russian users last month.

03.05 / 15:21

Fallout Russia Turns on Spending Taps to Blunt Economic Impact of War and Sanctions

Russia is assembling an economic relief package equivalent to tens of billions of dollars to soften the blow of Western sanctions and shield its population from the financial fallout of President Vladimir Putin’s war in Ukraine.

29.04 / 17:23

Binance regulation Killing Binance Bans These Kremlin-Linked Users as Russia Keeps Killing Ukrainians and Sanctions Mount

Major crypto exchange Binance has decided to shut down a number of accounts linked to relatives of senior Russian decision-makers in response to the intensifying Western sanctions on the country triggered by its invasion of Ukraine.

25.04 / 11:29

Mining Bitcoin Bitcoin Miner American Bitcoin Miner Aims to Sell USD 30M Equipment in Russia to Avoid Sanctions

US-based Bitcoin (BTC) & crypto mining company Compass Mining aims to sell USD 30m worth of mining gear currently stuck in Siberia to buyers in Russia in a bid to avoid possible sanctions by the US and the EU.

22.04 / 13:19

Target Binance Digital Bitcoin Sanctions threaten to cripple Russia's multibillion-dollar crypto industry

Sanctions imposed on Russia over the country's unprovoked invasion of Ukraine could hamper the growth of its multibillion-dollar crypto sector, according to experts.

18.04 / 14:04

Government regulation Energy Iran to stiffen penalties for illegal use of subsidized energy in crypto mining

The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energy shortages in recent years.

18.04 / 04:47

Binance European Union Binance promotes Chagri Poyraz to global head of Sanctions

Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, said it has promoted Chagri Poyraz to Global Head of Sanctions. At present, Poyraz, who joined Binance in January 2022, is Director of Sanctions Compliance. In his current position, Poyraz is responsible for ensuring all Binance meets and maintains full sanctions compliance globally and building sanctions control frameworks similar to traditional banks, Binance said in a press release.

15.04 / 21:17

Blockchain Technology regulation privacy Tornado Cash OFAC Tornado Cash says it's using Chainalysis oracles to block access from OFAC sanctioned addresses

On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $600 million+ Ronin Bridge exploit. As told by blockchain analytics firm Elliptic, the hackers have sent approximately $80.3 million worth of Ether (ETH) through Tornado Cash. "Maintaining financial privacy is essential to preserving our freedom; however, it should not come at the cost of non-compliance," said the Tornado Cash team.

14.04 / 18:37

Putin Admits Western Sanctions Have Disrupted Russian Oil Industry

President Vladimir Putin acknowledged that Western sanctions have stymied Russia’s energy industry, the country’s economic engine, and that it will need to reorient oil and gas sales from markets in Europe to Asia.

07.04 / 01:05

Government Blockchain security NOT Yellen alleges crypto has not been used for significant Russian sanctions evasion so far

United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian oligarchs and government agencies. Yellen was asked repeatedly about digital asset security at the committee’s annual hearing on the state of the international financial system.

06.04 / 18:13

Europe Keeps Russian Oil, Gas Flowing Despite Tightening Sanctions

Six weeks after Russia’s invasion of Ukraine, the European Union is taking its first tentative steps to reduce its energy imports from Russia, depriving Moscow of some of the revenue that covers a substantial part of its budget and is helping it fund its military campaign.

05.04 / 14:37

Software Ukraine War Sanctions Hit Home for Everyday Russians

Before Russia invaded Ukraine, Mike Bazhenov was eyeing a new MacBook for work and an SUV for his nature photography trips near Lake Baikal.

24.03 / 11:25

lawmakers Biden to Sanction Hundreds of Russian Lawmakers, U.S. Officials Say

WASHINGTON—The Biden administration is preparing sanctions on most members of Russia’s State Duma, the lower house of parliament, as part of an effort to punish Moscow over its invasion of Ukraine.

23.03 / 16:33

Waves Russia’s Oil-and-Gas Industry Is Starting to Feel the Bite of Sanctions

President Vladimir Putin’s war in Ukraine, and the wave of Western sanctions in response, is starting to hit Russia’s economic engine: Its prodigious oil-and-gas industry.

21.03 / 14:19

Russia’s Push for Self-Sufficient Economy Fails Before Western Sanctions

Russia spent years trying to wean itself off imported goods to fortify its economy against Western sanctions.

18.03 / 12:17

UPS cryptocurrency Digital Platform Mark Warner compliance Digital Asset Sanctions Compliance Act Introduced By US Democrats To Curb Russian Crypto Use

US Democrats introduce bill to curb Russian crypto use amid Ukraine crisis

18.03 / 12:11

Fallout Sanctions may be the next ESG nightmare if Russians are ‘cut off to the point that they starve’

Russia may be the next hurdle for ESG fund managers.

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