The United States announced a new battery of sanctions against Russia for the invasion of Ukraine

The United States announced on Wednesday a new battery of sanctions against a network of 40 individuals and companies, led by Russian oligarch Konstantin Malofeyev, who is allegedly helping Russia avoid Western sanctions for the war in Ukraine.

Russian commercial bank Transcapitalbank and Russian cryptocurrency company Bitriver, as well as their subsidiaries, have also been sanctioned, the Treasury Department said in a statement.

“The Treasury can and will go against those who evade, try to evade or help evade US sanctions against Russia, because they are helping to support the brutal war that (Russian President Vladimir) Putin has chosen to wage,” Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson said in the note.

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