US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group

US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group

Five cryptocurrency addresses linked to a neo Nazi group that participated in Russia’s war against Ukraine were added by the United States Department of the Treasury to the list of entities sanctioned under the Office of Foreign Asset Control.

The U.S. Treasury added 22 people and 2 entities to its list, which included many that the government claimed had helped the Russian government’s goals in Ukraine. This effectively bars U.S. companies and individuals from dealing with them. Two cryptocurrency addresses were included in the sanctions against Task Force Rusich, a paramilitary neo-Nazi group.

Janet Yellen, Treasury Secretary, stated that the sanctions were imposed by the government to “hold Russia accountable for war crimes, atrocities, and aggression”, financially isolate Russian President Vladimir Putin and stop the country financing its military. The Ukrainian military retook a portion of territory east from Kharkiv, which had been held by Russian forces for several months.

The Treasury Department claims that Task Force Rusich was a Russian-backed military force in Ukraine. This included the area near the newly reclaimed territory. It also had mercenaries who were accused of “committing atrocities towards deceased and captured Ukrainian soldiers” during 2015’s conflict in the Donbas. According to the Treasury Department, the neo Nazi group was either complicit or responsible for actions that “undermined the peace, security and territorial integrity of the United States of America, its allies, nor its partners” in order to benefit the Russsian government.

Related: The Ukraine has demonstrated the value of cryptocurrency to real people

The U.S. government, along with many European officials, have imposed sanctions against Russia since February when it invaded Ukraine. These sanctions are meant to weaken the economy of the country and punish wealthy people. The Treasury Department announced Wednesday that 7 BTC addresses were sanctioned by the Treasury Department for allegedly being connected to Iranian nationals who were members of a ransomware organization.

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