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Reuters
Reuters
Business

New York to strengthen enforcement of sanctions against Russia

New York Russia Department of Financial Services
FILE PHOTO: New York Governor Kathy Hochul speaks during a news conference to unveil a plan to make the subway system safer, at Fulton St. subway station in New York City, U.S., February 18, 2022. REUTERS/Brendan McDermid

New York on Wednesday announced actions to strengthen the enforcement by the state's Department of Financial Services of sanctions against Russia.

Governor Kathy Hochul said the actions include the expedited procurement of blockchain analytics technology, bolstering the regulator's ability to detect exposure among DFS-licensed virtual currency businesses to Russian individuals, banks and others already sanctioned by the Biden administration.

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