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The US has imposed sanctions on Russia’s “helpers” for circumventing the restrictions

Image: usinesshala.com

Sanctioned entities “develop or offer services in virtual assets that allow them to evade US sanctions.”

The US Treasury Department on Monday, March 25, announced sanctions against 13 entities and two individuals from Russia involved in providing financial services and the technology sector of the Russian economy. This was stated in a press release from the American department.

Sanctioned entities “develop or offer virtual asset services to evade US sanctions” or are owned or controlled by other sanctioned entities.

In particular, we are talking about the Moscow fintech companies B-Crypto, Distributed Registry Systems, Lighthouse, Center for the Development of Electronic Payment Instruments and Atomize, which work with sanctioned Russian banks.

The Ministry of Finance also imposed sanctions on the Russian companies Web3 Technologies and Web3 Integrator, which work on blockchain technology, the Estonian Bitfingroup OÜ and the Cyprus Tokentrust Holdings, which are associated with the Russian Federation.

The restrictions include VEB3 Technologies shareholder Igor Kaygorodov and owner and director of the Electronic Payment Means Development Center Timur Bukanov.

The United States also imposed sanctions against three Russian companies that helped buy Russian technological equipment in evasion of the sanctions.

Let’s remember that the United States agreed with Turkey on a new compliance system and the introduction of new sanctions against Russia.

US extends sanctions against Russia
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Source: korrespondent

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