The US REPO task force has targeted crypto in its efforts to counter Russian sanctions evasion
The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions.the task force had blocked or frozen more than $58 billion worth of assets subject to sanctions since Russia’s military invaded Ukraine in February 2022. Members of the REPO team have worked to “counter Russian sanctions evasion”, which included illicit crypto transactions.
“As Russia’s war of aggression continues, REPO members remain determined in their commitment to impose steep costs on Russia,” said the task force. “REPO will continue to identify, locate, and freeze the assets of sanctioned Russians, with the aim of depriving the Kremlin of the funds it needs to fight its illegal war.”
Since the conflict in Ukraine began in February 2022, the U.S. Treasury’s Office of Foreign Assets Control as well as counterparts in the European Union have
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