Treasury designates Russian sanctions violators

The Treasury Department on Wednesday designated a number of entities and individuals involved in attempting to evade sanctions imposed by the United States and international partners on Russia, aiming to 'degrade the Kremlin’s ability to project power and fund' its invasion of Ukraine

OFAC also designated companies operating in Russia’s virtual currency mining industry, reportedly the third largest in the world. The Treasury Department said this is the first time they have designated a virtual currency mining company.