New US Sanctions On Russian Bank, Oligarchs And Crypto miner BitRiver: Report
New US sanctions imposed for Russian bank, oligarchs, crypto miner BitRiver
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.
The United States and its allies have imposed several rounds of sanctions https://graphics.reuters.com/UKRAINE-CRISIS/SANCTIONS/byvrjenzmve on Moscow since its Feb. 24 invasion of Ukraine, including targeting the country's largest lenders and Russian President Vladimir Putin himself.
Wednesday's move targets Russia's virtual currency mining industry, reportedly the third largest in the world, sanctioning the holding company of Moscow-based bitcoin miner BitRiver, which operates a data center in Siberia, and 10 of the holding company's Russia-based subsidiaries.
In a statement, Igor Runets, the founder and chief executive of BitRiver, said his company has "never provided services to Russian government institutions and has not worked with customers already targeted by Washington's sanctions."
"These U.S. actions should obviously
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