United States sanctions Russian businesses over cyber attacks

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The U.S.is leveling new sanctions against several Russian companies and individuals.

As for the impact of that decision, the Treasury Department surmises: "As a result of today's action, all property and interests in property of the designated persons subject to USA jurisdiction are blocked, and USA persons are generally prohibited from engaging in transactions with them".

The U.S. Treasury Department says the sanctions are against five firms and three people involved in cyber-attacks against the U.S. and its allies.

"Today's action also targets the Russian government's underwater capabilities", it said.

It also called out Russian efforts to track the underwater communication cables that carry most of the world's telecommunications data.

The Russian individuals named in the sanctions include Aleksandr Lvovich Tribun, Oleg Sergeyevich Chirikov and Vladimir Yakovlevich Kaganskiy. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

The Treasury Department targeted five companies and technology firms as well as three executives from one of the companies, all of whom are accused of aiding Russia's Federal Security Service (FSB).

According to the US Treasury, the individuals had been involved in the destructive NotPetya cyber attack which devastated computers in Ukraine and across Europe a year ago.

Even as officials in the U.S. and European countries cite Russian Federation for interference in their elections and its annexation of Crimea, insisting it remain expelled from the G7 until it returns the territory to Ukraine, Trump has repeatedly stressed the need for stronger relations with Moscow. The U.S. agency did provide details of what the companies did to bolster the FSB's offensive cyber capabilities, but identified them as a threat to U.S. security nonetheless.

ERPScan and Embedi were designated pursuant to E.O.

While the Trump administration has time and again vocally supported the Russian government, including recently advocating for its inclusion in the G7, President Donald Trump did sign on a new Russian sanctions bill last summer.

The new sanctions come three days after President TrumpDonald John TrumpTrump: "Excitement in the air" ahead of Kim meeting Trump doubles down on criticism of EU, Canada Merkel: EU will retaliate against Trump tariffs MORE enraged US allies and lawmakers by calling on the Group of Seven (G-7) industrialized nations to reinstate Russian Federation. Digital Security has some major clients, including Yandex, QIWI, Mail.ru Group, Tele2, and SAP.