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Russia freezes hundreds of thousands of dollars terrorist fund

Association of Russian Banks, Russian Financial Monitoring Agency, Herman Neglyad, Islamic State, Russian Supreme Court


Russia freezes hundreds of thousands of dollars terrorist fund

Since the beginning of this year, the Russian Financial Monitoring Agency has thwarted a number of attempts to bankroll terrorist activities and froze funds to the tune of over 20 mln rubles ($271,000), said the head of the agency Yuri Chikhanchin during a conference organized by the Association of Russian Banks on Friday. 

“Cooperating with credit institutions in the sphere of fighting terrorism funding is another area that requires increased attention. From the beginning of 2021 alone, measures have been taken to freeze funds in the amount of more than 20 mln rubles, which made it possible to foil the activities of those who orchestrated financing schemes for the ISIS international terrorist organization in a number of entities. Thus, we saved our citizens’ lives,” Chikhanchin stated.


Earlier, Deputy Director of the Russian Financial Monitoring Agency Herman Neglyad told TASS that the agency records the facts of terrorist financing using cryptocurrencies. At the same time, according to Neglyad, most often attackers use cryptocurrencies such as Bitcoin, Ethereum and Monero.

In February, the director of Rosfinmonitoring, Yuri Chikhanchin, reported to the Russian President Vladimir Putin that the service in 2020 identified more than 2,300 individuals and 1,000 legal entities suspected of financing terrorism. The assets of more than 1,200 people were frozen, and the entry into the country was closed to 20 foreigners, and more than 250 terrorism cases were initiated.


By the decision of the Russian Supreme Court dated December 29, 2014, the Islamic State (until 2014 – the Islamic State of Iraq and the Levant, ISIS) was recognized as a terrorist organization. Its activities are banned in Russia.

Fake news being widely used against Russia

Russian presidential spokesman Dmitry Peskov has described fake news as a dangerous weapon being actively used against Russia.

“Fake news is a weapon. It is a very wrong and dangerous thing. Fake news is being used as a weapon against our country. We struggle with it. Our professionals struggle with it. Many of them address you these days,” Peskov said on Friday while speaking before participants in the marathon New Knowledge.


He added that originally he was going to give some examples of fake news against Russia, but then changed his mind, because he realized that the focus of attention here is knowledge, so he decided to talk to the participants about the truth and lies, “if it is possible to talk about them in brief at all.”

“Regrettably, we live in a world where the truth and lies go side by side. It has been this way all along, it is so today and it will be so tomorrow. There is no getting away from this. It is very important to never stop attempts to distinguish between the truth and a lie, it is very important to prevent lies from overpowering your mind. Only knowledge and professionalism can resist lies,” Peskov stressed.

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