United States Adds Two Individuals and Eighteen Companies to Russia Sanctions List

Written by Henrik Rothen

Mar.25 - 2024 7:51 PM CET

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Photo: Shutterstock.com
Photo: Shutterstock.com
Two individuals and eighteen companies added on sanctions list.

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The United States has expanded its sanctions list related to Russia, incorporating two individuals and eighteen corporate entities.

This update was released on the website of the Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury.

Individuals Sanctioned:

  • Timur Bukanov

  • Igor Kaigorodov

Corporate Entities Sanctioned:

  • Eshelon Technologies JSC

  • Eshelon Innovations LLC

  • Eshelon Project-Consulting Bureau LLC

  • Eshelon Training Center ANO DPO

  • Atomize LLC

  • Crypto Explorer LLC and Crypto Explorer cryptocurrency exchange, also with an office in the UAE

  • B-CRYPTO JSC, based in Sevastopol, Cybersecurity Laboratory

  • Key Information Systems Company

  • Lighthouse LLC

  • Distributed Ledger Systems LLC

  • Electronic Payment Processing Center LLC

  • Web3 Integrator LLC

  • Web3 Technologies LLC

  • Bitfingroup OU (Estonia-based)

  • Bitpapa IC (UAE)

  • Tokentrust Holding (Cyprus)

According to a statement from the State Department's press service, the restrictions against these companies and individuals were allegedly imposed "for operating within the financial services and technology sectors of the Russian economy."

The State Department claims that many of the entities listed "provided services to companies against which the U.S. had previously imposed sanctions."

Being added to the sanctions list results in the freezing of assets within the United States and prohibits American citizens and companies from conducting business with the listed individuals and entities.

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