The United States has intensified its sanctions against Russia by targeting 20 individuals and entities, including Russian financial institutions, in a bid to restrict Russia's access to the international financial system. This move is part of the ongoing efforts to curtail Russia's war efforts against Ukraine. The Treasury Department specifically sanctioned providers of digital financial assets, highlighting that many of the designated entities offered services that facilitated the evasion of sanctions. Additionally, a fresh round of sanctions was imposed on 13 fintech firms and two individuals linked to Russia. This series of sanctions also includes stringent export control restrictions targeting a large number of parties already sanctioned by the Office of Foreign Assets Control (OFAC).
US Sanctions Spree Continues With 15 More For Russian Entities https://t.co/26oWAuhYPu
New BIS Rule Imposes Stringent Export Control Restrictions Targeting Large Number of OFAC-Sanctioned Parties https://t.co/dGyp3QRnej
US sanctions spree continues with 15 more for Russian entities https://t.co/kSXr483cpP
The US imposes a fresh round of sanctions on 13 fintech firms and two individuals linked to Russia https://t.co/locGINdNXz
Treasury Department has sanctioned Russian providers of digital financial assets, saying many of the designated entities offered services that helped evade sanctions https://t.co/BLdW3sK3ZL
We are sanctioning 20 individuals and entities that offer services to designated entities, including Russian financial institutions. We will continue to curtail Russia’s use of the international financial system to further its war against Ukraine.