The U.S. Treasury Department on March 25 said it had imposed sanctions on Russian financial services and technology players for developing or offering services in virtual assets aimed at evading Ukraine war-related sanctions on Russia. The Treasury said its Office of Foreign Assets Control (OFAC) designated 13 entities and two individuals in the latest round of sanctions targeting Russia's core financial infrastructure to block its use of the international financial system to further its Ukraine war aims. Among the firms targeted is Atomyze, a fintech firm controlled by sanctioned Russian billionaire Vladimir Potanin's Interros Holding investment group.
U.S. Targets Russian Fintech Operators For Alleged Ukraine Sanctions Evasion Work
The firms targeted include a company owned by Russian billionaire Vladimir Potanin, pictured here with Russian President Vladimir Putin (left).