U.S. lobs fresh round of sanctions against bitcoin miner and others helping Russia evade penalties & More News Here – Upjobsnews

 

The U.S. Treasury Department announced Wednesday that it expanded its wide raft of sanctions to include businesses and individuals that are helping Russia evade the impact of economic penalties imposed on Moscow.

Treasury officials said the department is now targeting Russian commercial bank Transkapitalbank, as well as a network of more than 40 people including oligarch Konstantin Malofeyev it believes are helping the Kremlin skirt a wave of economic punishments.

The Biden administration also said it’s cracking down on companies operating in Russia’s virtual currency mining industry, including Bitriver, that help the country monetize its exports and other natural resources.

“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,” Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in a press release.

“The United States will work to ensure that the sanctions we have imposed, in close coordination with our international partners, degrade the Kremlin’s ability to project power and fund its invasion,” he added.

As a Russian, privately owned bank, Transkapitalbank has offered to help Moscow avoid detection and sanctions-derived restrictions through a proprietary internet-based banking system, known as TKB Business, the Treasury Department said in a statement announcing the penalities.

That system, Treasury officials said, is an alternative communication channel to the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, network. It’s also designed to process U.S. dollar payments for sanctioned clients.

Earlier this year, the U.S., European Union, Canada and U.K. cut a handful of Russian banks off the SWIFT financial network, one of Washington’s most powerful moves to date to isolate Russian from the global marketplace and cripple its economy.

That move effectively prevented Russia from communicating securely with banks beyond its borders.

Treasury also said that it is stepping up its efforts to quash a global “sanctions evasion and malign influence” network led by Russian oligarch Malofeyev.

Malofeyev was first targeted by the U.S. back in 2014 for his role in activities that “threaten the peace, security, stability, sovereignty, or territorial integrity of Ukraine.” At that time, the Office of Foreign Assets Control noted that Malofeyev was one of the main sources of financing for Russians promoting separatism in Crimea.

“In recent years,” Treasury said Wednesday, “Malofeyev, covertly or through intermediaries, supported pro-Russian activities that undermine democracy, interfere in elections, and degrade security and stability in a host of countries.”

The announcement also represents the Biden administration’s first-ever attempt to jab Russia’s virtual currency mining industry.

Among the companies targeted by U.S. sanctions is Bitriver, a company founded in 2017 that operates its mining facilities with hydroelectric power.

The Office of Foreign Assets Control named 10 Russia-based subsidiaries of Bitriver in its latest wave of sanctions.

“Russia has a comparative advantage in crypto mining due to energy resources and a cold climate,” Treasury officials said Wednesday. “However, mining companies rely on imported computer equipment and fiat payments, which makes them vulnerable to sanctions.”

“The United States is committed to ensuring that no asset, no matter how complex, becomes a mechanism for the Putin regime to offset the impact of sanctions,” they added.

— CNBC’s MacKenzie Sigalos contributed to this report.

U.S. lobs fresh round of sanctions against bitcoin miner and others helping Russia evade penalties & More United States Latest News Update

I have tried to give all kinds of news to all of you latest news today 2022 through this website and you are going to like all this news very much because all the news we always give in this news is always there. It is on trending topic and whatever the latest news was

it was always our effort to reach you that you keep getting the latest news and you always keep getting the information of news through us for free and also tell you people. Give that whatever information related to other types of news will be 

made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward

U.S. lobs fresh round of sanctions against bitcoin miner and others helping Russia evade penalties & More United States Live News

All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get 

all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue

to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.

U.S. lobs fresh round of sanctions against bitcoin miner and others helping Russia evade penalties & More United States Trending News Today

All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information breaking news today of this news, you can get other types of news along with your country and city. You will be able to get information related to, as well as you will be able to get information about what is going on around you through us for free 

so that you can make yourself a knowledgeable by getting complete information about your country and state and information about news. Whatever is being given through us, I have tried to bring it to you through other websites, which you may like 

very much and if you like all this news, then definitely around you. Along with the people of India, keep sharing such news necessary to your loved ones, let all the news influence them and they can move forward two steps further.

Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

Get Original Links Here????

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *