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US Department Of Treasury Has Sanctioned Five Crypto Addresses Tied To Russian neo-Nazi Group

The U.S. Department of Treasury included 5 cryptocurrency addresses, connected to a neo-Nazi team engaged with the Russian invasion of Ukraine, to a series of organizations receiving sanctions from the Office of Foreign Asset Control.

Five Crypto Addresses Sanctioned by the US Treasury for Being Linked to Russia-Based Neo-Nazi Group

In a notice that was issued on Thursday, 22 people, as well as two individuals, were designated by the U.S. Treasury, taking into account several that the agency claimed had assisted in advancing the targets of the Russian authorities in Ukraine, to the series of Specially Designated Nationals, efficiently restricting the firms and individuals residing within the United States from doing any deal with them.

As a part of the sanctions of one company, Task Force Rusich (a paramilitary group of neo-Nazi type), there were two cryptocurrency addresses based on Bitcoin (BTC), two were Ether (ETH)-related, as well as one was based on Tether (USDT).

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Janet Yellen, the Treasury Secretary, stated that the respective sanctions were implemented as included in the efforts of the U.S. authorities for the accountability of Russia in the case of the war crime the country, aggression, and atrocities done by the country along with isolating Vladimir Putin (the President of Russia) financially and keep Russia from sponsoring the military thereof.

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Ukraine Recaptures an Area in Kharkiv’s East

On Monday, military Ukraine recaptured a territorial zone in Kharkiv city’s east. This area had previously been for months in the control of the Russian army. As the U.S. Treasury Department puts it, the Task Force Rusich battled in parallel with the forces of Russia in Ukraine, taking into account that close to the recently retrieved zone, mercenaries had been allegedly carrying out atrocities as well as arrested the soldiers from Ukraine in 2015.

This was witnessed during the conflict between the two counties in the area of Donbas. As claimed by the department, the neo-Nazi group had been involved in the actions related to undermining territorial integrity, political stability, security, as well as peace of the U.S. and its allies to provide an advantage to the government of Russia.

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The Russian forces initiated invading Ukrainian territory in February this year. Subsequently, the authorities in the United States as well as several officials within Europe implemented sanctions targeting to weaken the economy of Russia along with punishing rich people.


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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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