Russia’s Crypto Miner Bitriver Rejects US Sanctions

Russian mining giant Bitriver is considering filing a lawsuit against the U.S. Treasury Department.

The Department recently designated the Swiss-registered company and a number of affiliated entities in a new round of sanctions against Russian businesses and individuals.

Bitriver, calling the accusations unfounded, stated that the actions of the department are damaging its reputation and international business since the accusations are unfounded.

The company is also convinced there are no legal grounds for the restrictions and intends to demand that American authorities remove it from the blacklist.

“Bitriver is not a government agency, but a 100% private company that in no way helps the Russian Federation to circumvent sanctions,” its CEO Igor Runets said.

Bitriver also accuses the Treasury of unfair competition practices and lobbying for the U.S. mining industry, thus violating the rules of the World Trade Organization.

Runets describes the department’s move as “an attempt to change the global balance of power in favor of U.S. companies and remove the largest Russian player from the market.”