Biden announces exposure of crypto network that helped Russia circumvent sanctions
Thursday, 26 September 2024, 14:55
US President Joe Biden has announced that the United States uncovered another network that helped Russia circumvent sanctions and engaged in money laundering.
Source: a statement by Joe Biden on support for Ukraine as of 26 September
Quote: "To counter Russian sanctions evasion and money laundering, the Department of Justice, the Department of the Treasury, and the US Secret Service have taken action today to disrupt a global cryptocurrency network, in coordination with international partners."
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Details: Biden added that the US would continue to raise the price for Russia for its war against Ukraine and deprive its defence industry of access to resources.
Background:
- Biden announced a package of almost US$8 billion in weapons for Ukraine, including Patriot air defence systems and JSOW bombs, and announced the next meeting of the Ukraine Defence Contact Group (also known as Ramstein-format meetings) at the level of state leaders in October.
- In addition, the US president said that the US would support the training of 18 more Ukrainian F-16 pilots next year.
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