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UK Uncovers Russian Sanction Evasion Scheme Led by Crypto Firm

11/22/2025

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Summary

Story summary

Security Minister Dan Jarvis announced a significant operation revealing Russia's corrupt tactics to evade sanctions and finance its war in Ukraine.
He stressed the government's commitment to detecting and prosecuting activities that support hostile foreign states.
Ekaterina Zhdanova, 39, a Russian citizen who runs the cryptocurrency firm Smart, is accused of orchestrating the scheme.
In November 2023, US authorities sanctioned her for allegedly facilitating fund transfers for Russian oligarchs.

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Story summary

Security Minister Dan Jarvis announced a significant operation revealing Russia's corrupt tactics to evade sanctions and finance its war in Ukraine.
He stressed the government's commitment to detecting and prosecuting activities that support hostile foreign states.
Ekaterina Zhdanova, 39, a Russian citizen who runs the cryptocurrency firm Smart, is accused of orchestrating the scheme.
In November 2023, US authorities sanctioned her for allegedly facilitating fund transfers for Russian oligarchs.