Ukraine imposes sanctions against Russian cryptocurrency schemes
7 July 02:16
President of Ukraine Volodymyr Zelenskyy has imposed sanctions against Russian financial schemes, including cryptocurrency. The corresponding decree was published on the president’s website on Sunday, July 6.
The sanctions were imposed at the request of the National Bank of Ukraine, "Komersant Ukrainian" reports.
“This is both synchronization with our partners and our initiative. Only through one company, which is now on the sanctions list, and only since the beginning of this year, that is, before the sanctions, the Russians have spent several billion dollars, and it is mainly for the needs of their military industry. Of course, we will stop all schemes. Now that the usual financial routes for Russia are blocked in many places, they are switching to cryptocurrency payments,” Zelensky said in his address.
Thus, the decree imposed sanctions against 60 legal entities and 73 individuals. All individuals are Russian citizens. According to Vladislav Vlasyuk, the Commissioner for Sanctions Policy, these are managers and owners of companies, officials of the Russian central bank, including directors of field offices and international settlements.
According to Vlasiuk, the legal entities include 55 Russian residents. In particular, 19 of the largest cryptocurrency miners, 17 operators of information systems for issuing digital financial assets, 19 companies of the financial infrastructure of the Russian Federation (manufacturers of payment equipment, organizers of the exchange of blocked assets, intermediaries of international payments under sanctions), five operating companies of crypto exchanges involved in circumventing sanctions.
Another five companies are not residents of the Russian Federation: one is registered in Cyprus, one in Kazakhstan, and two in the United Arab Emirates.
