US Hits Russia with New Sanctions

Pauline Gross
June 14, 2018

The Treasury Department announced sanctions against five companies and three people on Monday, saying they'd help develop many of hacks coming out of Russian Federation.

The sanctions mean that all of the property and interests in property held by the individuals and the businesses will be blocked, and people in the U.S. will be prohibited from engaging in transactions with them.

Mnuchin said Russia's "malign" activities included cyber intrusion into the US energy grid and other infrastructure; an internet-chewing worm called Notpetya that cost several global conglomerates millions of dollars in damage; and the tracking of and possible interference with undersea communications cables that carry most of the world's telecommunications data.

It also said that Russian Federation had been tracking undersea cables that carry the bulk of the world's telecommunications data.

The three Russian individuals who were sanctioned are Aleksandr Lvovich Tribun, Oleg Sergeyevich Chirikov, and Vladimir Yakovlevich Kaganskiy.

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According to the press release, Digital Security was allegedly added for providing material and technological support to the FSB, Kvant for being controlled by the FSB, and Divetechnoservices for providing variety of underwater equipment and diving systems for Russian government agencies.

The move, announced on June 11 by the U.S. Treasury Department, is the latest effort by Washington to use financial restrictions to target Russians for hacking, human rights violations, the ongoing conflict in Ukraine's east, and other actions. While at the time the President had called this legislation "seriously flawed", it has been used by the Trump administration to impose sanctions on Russia, Iran, and North Korea.

In 2012, Divetechnoservices says it supplied Canadian "DeepWorker" underwater vehicles to "a Russian state enterprise". According to the Treasury Digital Security, its alleged affiliates Embedi and ERPESCAN and the Kvant Scientific Research Institute all have links to the FSB. "As of 2015, Digital Security worked on a project that would increase Russia's offensive cyber capabilities for the Russian Intelligence Services", including the FSB, according to the USA government.

USA and North Atlantic Treaty Organisation military officials have warned in the past of an increase in Russian submarines conducting activity along undersea data cables.

Their assets were frozen, and USA citizens were banned any cooperation with sanctioned companies and people. Visit MarketWatch.com for more information on this news. Treasury's Office of Foreign Assets Control, or OFAC, is also designating several entities and individuals for being owned or controlled by, or acting for or on behalf of, the three entities that have enabled the FSB.

Other reports by GizPress

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