U.S. Imposes Sanctions re Russian Cyber Interference with the 2016 U.S. Elections and Malicious Cyber-Attacks

On March 15, 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five entities and 19 individuals under the Countering America’s Adversaries Through Sanctions Act (CAATSA) as well as Executive Order (E.O.) 13694, “Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities,” as amended, and codified pursuant to CAATSA. Treasury Secretary Steven T. Mnuchin explained the new sanctions counter Russia’s continuing destabilizing activities, ranging from interference in the 2016 U.S. election to conducting destructive cyber-attacks, including the NotPetya attack, a cyber-attack attributed to the Russian military on February 15, 2018 in statements released by the White House and the British Government.  Mnuchin said the cyber-attack was the most destructive and costly cyber-attack in history.  The attack resulted in billions of dollars in damage across…

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