US unveils latest sanctions targeting Russia
(CNN) — The United States on Wednesday unveiled its latest round of sanctions going after Russia over its war on Ukraine, this time targeting a key commercial bank and “a global network of more than 40 individuals and entities led by U.S.-designated Russian oligarch Konstantin Malofeyev.”
In a news release, the U.S. Treasury Department said it was also targeting “companies operating in Russia’s virtual currency mining industry, reportedly the third largest in the world,” noting it was the first time it has “designated a virtual currency mining company.”
In addition, the State Department is imposing a slew of visa restrictions, going after 635 Russian nationals “who are involved in suppressing dissent in Russia and abroad, who have been involved in activities that threaten the territorial integrity of Ukraine, and who have been involved in human rights abuses in prison facilities and places of unofficial detention in Russia-controlled areas of the Donbas region of Ukraine,” three Russian officials “for involvement in gross violations of human rights,” and “17 individuals responsible for undermining democracy in Belarus,” according to the Treasury.
The United States previously sanctioned Malofeyev in December 2014 for funding “separatist activities in eastern Ukraine” and for his close links to “Aleksandr Borodai, Igor Girkin (a.k.a. Igot Strelkov), and the so-called Donetsk People’s Republic, which have all been previously sanctioned as Specially Designated Nationals (SDNs),” according to a Treasury release from the time.
Earlier this month, the U.S. Department of Justice unveiled its first criminal charges since Russia’s war in Ukraine began against Malofeyev, indicting him for sanctions evasion attempts.
Malofeyev was again sanctioned by the United States on Wednesday “for having acted or purported to act for or on behalf of, directly or indirectly,” the government of Russia. The Treasury Department also sanctioned members of Malofeyev’s “vast global network of cut-outs and proxies to attempt to evade sanctions and conduct malign influence activities,” including those involved in pro-Kremlin propaganda. Those sanctioned include entities in Russia, Moldova, Singapore, and a number of Russian individuals, inclding Malofeyev’s son.
The Treasury Department also went after “Public Joint Stock Company Transkapitalbank (TKB)” for being “at the heart of sanctions evasion” and its subsidiary, as well as companies in Russia’s virtual currency mining industry.
“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,” the release issued Wednesday said.