Russian-British National Charged for Crypto Transfers to Pro-Russian Militias
A Russian-British dual national, Mikhail Vlasov, appeared in Westminster Magistrates’ Court on charges of violating UK sanctions by sending cryptocurrency to pro-Russian militias in eastern Ukraine. The 53-year-old allegedly transferred £4,000 ($5,510) in crypto between April 2022 and April 2023 to groups supporting military activities in the self-declared Donetsk and Luhansk People’s Republics.
Prosecutors claim the funds were explicitly earmarked for military equipment, including drones, ammunition, and uniforms. Vlasov pleaded not guilty to all eight counts and was granted bail. The case underscores the growing use of cryptocurrency to circumvent traditional financial sanctions in geopolitical conflicts.