The Biden admin leveled new sanctions against a Russian commercial bank, a Russian oligarch and a group of companies operating in Russia’s virtual currency mining industry
The Biden administration on Wednesday leveled new sanctions against a Russian commercial bank, a Russian oligarch and Russia’s virtual-currency mining industry., come on the second day of Russia’s new offensive in the Donbas region of southeastern Ukraine, where Russian forces have launched their anticipated assault after withdrawing from the northern part of the country.
Earlier Wednesday, Undersecretary of State for Political Affairs Victoria Nuland previewed a new round of U.S. sanctions, that the United States must “continue to up the pressure” on Russian President Vladimir Putin and “the richest Russians, so that they will pressure Putin.”to provide Ukrainian forces with the types of weapons that will better help them fend off the Russian attacks in the Donbas. Biden told reporters on Tuesday that he would authorize the delivery of more artillery to Ukraine.
In its announcement on Wednesday, the Treasury Department’s Office of Foreign Assets Control said it had designated Public Joint Stock Company Transkapitalbank, a Russian privately owned commercial bank that has operated since 1992. The OFAC also targeted a “worldwide sanctions evasion and malign influence network” it said was led by Russian oligarch Konstantin Malofeyev, who
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