Today, the 15th US Deputy Secretary of the Treasury, Wally Adeyemo issued a warning to cryptocurrency exchanges and financial institutions not to assist Russia in exceeding the sanctions imposed.
He stressed that American authorities will track down and punish those who do not comply with this request.
Authorities are determined to monitor every sector trying to help Russia evade financial sanctions imposed on the country after Vladimir Putin launched his “special military operation” in Ukraine.
Adeyemo continued, the authorities will take action against those who try to help Russia in evading sanctions and in taking advantage. Waima so, he believes that Russia cannot circumvent the financial sanctions imposed by seeking the services of crypto exchanges or financial firms.
"We will continue to look for those who abuse existing capabilities and at the same time we ensure that Russia does not have the capacity to overcome the sanctions we have imposed" - Adeyemo.
Last week, Christine Lagarde - President of the European Central Bank also issued a similar warning. He stressed that crypto companies that help Russia circumvent sanctions will face legal action.
