Russia to Ease Crypto Restrictions to Bypass Sanctions
The Central Bank of Russia is considering relaxing its strict cryptocurrency regulations as the country struggles with international payment difficulties caused by extensive Western sanctions. The main debate centers on removing the requirement that individuals be classified as “super-qualified investors” to buy or sell cryptocurrency on Russia’s planned exchange. Currently, only individuals with over 100 […]
US Fines NY Firm $7 Million for Violating Russia Sanctions
The US Treasury’s Office of Foreign Assets Control (OFAC) penalized a New York-based property management firm, Gracetown Inc., for violating sanctions against Russian oligarch Oleg Deripaska. According to Bloomberg, The firm accepted approximately two dozen payments between 2018 and 2020 on behalf of a company owned by Deripaska. The Treasury noted that Gracetown had been […]
UK Sanctions Russian Intelligence Agency Following Novichok Inquiry
British government announced significant new sanctions against Russia, specifically targeting its military intelligence agency, the GRU. This decision comes in the wake of a UK public inquiry into the 2018 Novichok nerve agent attack. The public inquiry determined that Russian President Vladimir Putin likely ordered the 2018 attack on double agent Sergei Skripal. While the […]
US Treasury Pauses Specific Sanctions on Lukoil Operations
The U.S. Treasury Department has authorized Lukoil-branded gas stations located outside of Russia to continue their daily operations, effectively suspending specific sanctions previously placed on the Russian energy giant. According to the Treasury, this decision is designed to “mitigate harm” to local consumers and suppliers who rely on these stations for ordinary transactions. While the […]