Sanctioned but Unstopped: Is Russia Using Garantex to Politically Distract from Its Ukrainian Stalemate?
The post Sanctioned but Unstopped: Is Russia Using Garantex to Politically Distract from Its Ukrainian Stalemate? appeared on BitcoinEthereumNews.com. When it comes to global politics, the money trail can be just as telling as military maneuvers. While most eyes are on Russia’s military actions in Ukraine, another story is quietly unfolding—one that also has Russia at its center but is happening far away in the Middle East. This isn’t about tanks or soldiers; it’s about cryptocurrency and a Russian crypto exchange called Garantex. This company is suspected of sending a lot of money to groups that the world considers dangerous. Why does this matter? Well, as Russia feels the squeeze from economic sanctions due to its actions in Ukraine, it looks like they might be trying to stir up trouble elsewhere as a distraction. So, let’s dig deeper into this and try to figure out what Russia might really be up to. The Garantex Conduit Garantex, a Moscow-based crypto exchange, has come under scrutiny for its alleged role in facilitating significant financial transactions to extremist factions. Researchers from Elliptic identified a financing scheme where the exchange was instrumental in moving funds to Palestinian Islamic Jihad. The money shrouded in the anonymity of blockchain technology, flowed through digital channels before reaching the hands set to trigger unrest in Israel. Moreover, the exchange’s operations are allegedly deeply intertwined with the Russian security system. Connections trace back to high-ranking security officials in Russia, hinting at a much larger geopolitical play. According to another report by the Dossier Center familiar with the Russian secret services, a significant portion of the crypto exchange, specifically the Estonian Garantex Europe OU, is owned by Irina Chernyavskaya, an employee of the Russian tax office, and her partner Pavel Karavatsky. The report revealed that the couple shared an apartment and owned the same cars. Pavel Karavatsky is listed in many phone books as “Garantex” or “Garantex security guy.” …
The post Sanctioned but Unstopped: Is Russia Using Garantex to Politically Distract from Its Ukrainian Stalemate? appeared on BitcoinEthereumNews.com.
When it comes to global politics, the money trail can be just as telling as military maneuvers. While most eyes are on Russia’s military actions in Ukraine, another story is quietly unfolding—one that also has Russia at its center but is happening far away in the Middle East. This isn’t about tanks or soldiers; it’s about cryptocurrency and a Russian crypto exchange called Garantex. This company is suspected of sending a lot of money to groups that the world considers dangerous. Why does this matter? Well, as Russia feels the squeeze from economic sanctions due to its actions in Ukraine, it looks like they might be trying to stir up trouble elsewhere as a distraction. So, let’s dig deeper into this and try to figure out what Russia might really be up to. The Garantex Conduit Garantex, a Moscow-based crypto exchange, has come under scrutiny for its alleged role in facilitating significant financial transactions to extremist factions. Researchers from Elliptic identified a financing scheme where the exchange was instrumental in moving funds to Palestinian Islamic Jihad. The money shrouded in the anonymity of blockchain technology, flowed through digital channels before reaching the hands set to trigger unrest in Israel. Moreover, the exchange’s operations are allegedly deeply intertwined with the Russian security system. Connections trace back to high-ranking security officials in Russia, hinting at a much larger geopolitical play. According to another report by the Dossier Center familiar with the Russian secret services, a significant portion of the crypto exchange, specifically the Estonian Garantex Europe OU, is owned by Irina Chernyavskaya, an employee of the Russian tax office, and her partner Pavel Karavatsky. The report revealed that the couple shared an apartment and owned the same cars. Pavel Karavatsky is listed in many phone books as “Garantex” or “Garantex security guy.” …
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