US Office of Foreign Assets Control lists crypto addresses connected to Russian sanctions evasion network
The Bitcoin address listed by the Treasury showed zero balance at the time of the announcement. The Ethereum address had no tokens either
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The United States Treasury Department's Office of Foreign Assets Control has listed two crypto wallets believed to be connected to a Russian sanctions evasion network as Specially Designated Nationals.
On February 1st, the Office of Foreign Assets Control (OFAC) announced that it has added a Bitcoin and an Ether address to its list of sanctioned entities in an effort to combat global sanctions evasion.
The Treasury stated that full blocking sanctions would be imposed on 22 individuals, including a Russian national named Jonatan Zimenkov, who has access to both the Bitcoin and Ether wallet.
The US Treasury claims that Jonatan Zimenkov is the son of Igor Vladimirovich Zimenkov, a notorious arms dealer who operates a sanctions evasion network. The network is accused of providing technology to a Russian company after its invasion of Ukraine in 2022 and of supporting sanctioned Russian defence entities such as Rosoboronexport and Rostec.
OFAC stated that Igor Zimenkov was placed on the sanctions list under Executive Order 14024 for his involvement in the defence and related material sector of Russia's economy.
