US imposes sanction on Russian commercial bank

The United States has imposed sanction on a Russian commercial bank and a virtual currency mining company.

A statement issued by the US Department of Treasury said it put sanctions on Russian commercial bank whose representatives have suggested options to evade international sanctions.

The statement noted that Washington targeted a global network of more than 40 people and entities, including organizations whose primary mission is to facilitate sanctions evasion for Russian entities.

It warned that the US was committed to ensuring that no asset becomes a mechanism for Russian President Vladimir Putin to offset the impact of sanctions.