Washed $500 million and bypassed sanctions: a Russian detained in the USA for purchasing sensitive technologies.

In the USA, Russian crypto entrepreneur Yuri Gugnin was arrested for circumventing sanctions against the Russian Federation and violating export control. According to the investigation, Gugnin laundered over $500 million and helped Russian citizens acquire American technologies.Federal prosecutor Joseph Nocella noted that Gugnin arrived in the USA and created a money laundering scheme through a cryptocurrency startup, allowing him to bypass sanctions and export restrictions, as well as deceive American financial institutions.

The prosecution claims that Gugnin conducted transactions on behalf of foreign clients for American electronics requiring export control, as well as for parts for the Russian state company 'Rosatom'.

Gugnin's charges of bank fraud and money laundering have been confirmed by the U.S. Department of Justice. The assistant attorney general emphasized that the crypto entrepreneur used his company as a disguising channel to convert tainted funds into cash.

U.S. Reaction to China's High-Tech Ban

In light of China's plans regarding advanced microchips and equipment for their production, the USA is considering a plan to increase restrictions to prevent the transfer of its technologies to China that could be used for military purposes.According to Bloomberg, the amendments aim to tighten existing restrictions on China that are already in effect today.In summary:In the USA, Russian crypto entrepreneur Yuri Gugnin was arrested for violating sanctions and laundering money through a cryptocurrency startup. Additionally, the USA is discussing increasing restrictions on the transfer of high technologies to China due to fears of their potential military use.