The US Department of Justice announced a change of focus in the fight against circumvention of sanctions against Russia

Under the close attention of the United Statespossible intermediaries in bypassing anti-Russian sanctions will fall, including financial consultants,as well as cryptocurrency transactions

Washington will look into the activities of investment advisers, hedge funds, law firms and private wealth managers who have previously managed to avoid scrutiny in order to stop ways to evade anti-Russian sanctions, Andrew Adams, HEAD of the US Department of Justice working group on the implementation of sanctions against RUSSIA, said in an interview with BLOOMBERG.

The working group is also exploring ways to use cryptocurrencies to mask transactions related to sanctioned goods or to make transfers to restricted individuals and companies.

While U.S. and Western European banks are relatively good at complying with sanctions, Adams said, “there are places in the world where that culture doesn’t exist.” At the same time, he declined to name specific companies, people or regions that the investigators would focus on.

According to the US Department of Justice, the working group on the implementation of sanctions against Russia seized more than $ 500 million in Russian assets. This is mainly about luxury goods - yachts, private jets and real estate.

Assets confiscated from Russian individuals have already begun to be transferred to Ukraine, and now Washington is considering doing the same with state assets, US Treasury Secretary Janet Yellen said last week.

The Russian authorities consider the sanctions against the country illegal. According to President Vladimir Putin, violating international norms and "stealing other people's assets" will only lead to problems for those who do it. At the same time, he noted that he warned businessmen about the possibility of arrest and confiscation of assets in the West. “It would be better if these boats were kept here, and the money would not be invested in foreign assets, but in the development of Russian infrastructure. Nothing would be lost, everything would be here, in the Motherland. And profits would be received from the money invested, ”the president said.

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