The US designates facilitators of Russian sanctions evasions

22 April 2022

The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added various entities and individuals involved in attempts to evade the sanctions imposed on Russia after the invasion of Ukraine to its SDN List.


In particular, the OFAC has designated Russian bank, Transkapitalbank (TKB) and a global network of more than forty individuals and entities under the already listed oligarch, Konstantin Malofeyev, including organisations with the primary mission of facilitating the sanctions imposed on Russian entities.

The US has also designated companies operating in the Russian virtual currency mining industry and it is the first time that the Department of the Treasury has applied sanctions to a virtual currency mining company.

The full list of designated individuals and companies can be found here.

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