Risks and Rewards: The Impact of Sanctions on Russia 🇷🇺

Risks and Rewards: The Impact of Sanctions on Russia 🇷🇺
Do challenges, setbacks, and sanctions make us stronger? Consider this operational chain: crypto exchange → intermediaries → payment agents → stablecoin issuer → fintech intermediaries and their beneficiaries.
The U.S. Department of the Treasury🇺🇸added the entire ecosystem linked to the crypto exchange Garantex🇷🇺to its SDN list. One of the co-founders, Sergey Mendeleev, commented on the situation.

▶️U.S. authorities justified the move by claiming the exchange had serviced darknet markets and ransomware groups such as Conti, LockBit, and Ryuk.

The Treasury also sanctioned platforms including Exved, Grinex, INDEFI🇪🇪 (an Estonian entity connected to Garantex), and Old Vector🇰🇬, registered in Bishkek, which regulators linked to Promsvyazbank’s cross-border money transfer system.

▶️Alongside Mendeleev (for whom a bounty has been offered), the list of individuals fully cut off from the U.S. financial system now includes Aleksandr Mira Serda and Pavel Karavatsky. They appear alongside the Mexican cartel Carteles Unidos🇲🇽.

▶️Public opinion: Some analysts suggest that certain actors may be gathering “assets” for international negotiations, while others warn that sanction-enforcing services risk overextending themselves. Mikhail Zhukovitsky also criticized the USD 6 million bounty for Mendeleev, contrasting it with the USD 25 million once offered for Osama bin Laden.
Ultimately, these developments highlight the complexity of the current geopolitical environment. Yet, even in crises, there is room for potential progress: what does not destroy us should indeed make us stronger.

#news #crypto #Russia #USA #geopolitics

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