The United States has escalated its sanctions against Russia by targeting a range of individuals and entities linked to the financial sector, particularly focusing on the cryptocurrency and fintech industries. The U.S. Department of State announced sanctions against 20 individuals and entities that provide services to already designated entities, including Russian financial institutions. The Office of Foreign Assets Control (OFAC) has specifically placed several Russian crypto companies on its sanctions list, including notable names such as Aromaiz, Bitpapa, and Web3Tech. In a significant move, OFAC issued sanctions against 12 entities and 2 individuals involved in building or operating blockchain-based services that potentially facilitate sanctions evasion for Russian nationals. Among the sanctioned entities, three cryptocurrency exchanges, Bitpapa, Crypto Explorer, and TOEP, were highlighted for their role in helping Russia evade sanctions imposed after the invasion of Ukraine. This action underscores the U.S. government's intent to curtail Russia's use of the international financial system to further its war efforts against Ukraine, affecting fintech firms and people, mostly in Russia, including Netex24.