Latest US Treasury Sanctions Target BTC and ETH Addresses of a Russian Paramilitary Group

Latest US Treasury Sanctions Target BTC and ETH Addresses of a Russian Paramilitary Group


US Treasury sanctions have continued to target digital assets, this time seeking to cut funding to a Russian paramilitary group implicated in the ongoing invasion of Ukraine.

Through the Office of Foreign Assets Control (OFAC), Treasury export Sanctions against Task Force Rosich, a “neo-Nazi paramilitary group” that claims to have been fighting Russian battles since 2015.

Rusich was heavily involved in the Russian invasion of Ukraine, as one of its leaders, Alexei Yuryevich Melchakov, was wounded in the group’s initial fighting near Kharkiv, Ukraine. Its other commander and chief military instructor, Jan Igorevich Petrovsky, was expelled from Norway in 2016 after declaring him a threat to national security.

Russia’s aggression against Ukraine extends seven years back press release It states that “… in 2015, Rossich’s mercenaries were accused of committing atrocities against and photographing deceased and captured Ukrainian soldiers.”

Rusich was punished “for being responsible for or complicit in, or for having directly or indirectly participated in or attempted to engage in activities that undermine the peace, security, political stability, or territorial integrity of the United States, its allies or partners, for, on behalf of, or for the benefit of, Direct or indirect, the government of Russia.”

The Treasury Department has sanctioned five digital asset addresses – two BTC addresses, two ETH addresses, and one Tether address. Collectively, the addresses have been used to move thousands of dollars, with one of them being used most recently last week on September 14.

“The United States will continue to take strong action to hold Russia accountable for war crimes, atrocities, and aggression,” said Treasury Secretary Janet Yellen.

The US has doubled down on sanctions against Russia since it invaded Ukraine last February Insists It is a “special operation”, not a war. These sanctions first targeted financial institutions and wealthy oligarchs with ties to President Vladimir Putin.

However, the Treasury quickly expanded its targets to include digital asset portfolios, addresses, and even businesses. This included BitRiver, a Russian block reward miner that has partnerships with some of the biggest miners, including Compass Mining and SBI Crypto.

Treasury’s sanctions were appropriate, especially in light of recent news that Russia is eyeing digital assets for cross-border payments.

Watch: BSV Global Blockchain Convention Committee, Law & Order: Regulatory Compliance for Blockchain and Digital Assets

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