US Imposes Sanctions Against Mining Companies, BitRiver

The US Department of the Treasury imposed sanctions against the group of mining companies, BitRiver, whose business is concentrated on the territory of the Russian Federation.

According to the agency, BitRiver, an operator of mining data centers founded in 2017, currently has three offices in Russia. In 2021, BitRiver transferred ownership of its assets to the Swiss holding BitRiver AG.

The sanctions list also includes ten subsidiaries, including Bitriver Management Company LLC, Bitriver Rus LLC, Everest Group LLC, Siberian Minerals LLC, Tuvaasbest LLC, Trading House Asbest LLC, Bitriver LLC -B”, LLC “Bitriver-K”, LLC “Bitriver-Sever”, LLC “Bitriver-Turma”.

Thus, the US Treasury closed the possibility of a potential circumvention of sanctions by Russia through mining. This is the first time that companies mining cryptocurrencies have been included in the sanctions list.

OFAC also imposed sanctions against the Russian entrepreneur, owner of the Tsargrad group of companies, Konstantin Malofeev. The agency has blocked any property of BitRiver and Malofeev-related companies within US borders. Residents and citizens of the country are prohibited from working with them.

On February 24, Russia carried out a paramilitary invasion of Ukraine on several fronts, shelling Kharkiv, Kyiv, Sumy, Chernihiv, Vinnytsia and other cities of various calibres.

The Ukrainian army is holding back the invasion of the enemy. From the hottest spots, the civilian population is trying to evacuate to other cities or even countries.

The world community organized to help the refugees and the Ukrainian army and imposed strict sanctions against Russia.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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