The US authorities have expanded sanctions against Russian Crypto Assets companies.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced new sanctions against crypto assets companies linked to Russia. The sanctions target three companies and 11 individuals, including a crypto assets exchange based in Moscow and two mining companies.

The OFAC stated that these sanctioned entities and individuals are suspected of facilitating Russia's evasion of international sanctions and providing financial support for Russia's military operations.

This move is the latest action by the U.S. government to combat the use of Crypto Assets to evade sanctions. U.S. officials stated that they will continue to closely monitor the Crypto Assets sector to prevent it from being used to evade sanctions and other illegal activities.

This sanction could have a significant impact on the business operations of relevant Russian crypto assets companies and further limit Russia's connection with the global financial system. At the same time, it highlights the increasingly important role of crypto assets in geopolitics and international sanctions.