Bulgaria Extradites Russian National to US on Sanctions Violations

Bulgarian authorities extradited Russian nationals Oleg Olshansky and Sergey Ivin to the United States to face charges of violating US sanctions on Russia and money laundering. Olshansky appealed the extradition decision before being transferred to US custody. The extraditions are part of a broader European enforcement effort that has conducted over 9,000 sanctions investigations since February 2022, resulting in more than 1,200 convictions, fines, or penalties totaling over €490 million since 2017 across 31 European countries. The cases demonstrate increasing international cooperation in prosecuting sanctions evasion.

Extradition and Legal Proceedings

• ▪Bulgarian authorities extradited Russian national Sergey Ivin to the United States
• ▪Oleg Olshansky appealed an earlier decision approving his extradition from Bulgaria
• ▪Bulgarian authorities extradited Russian national Oleg Olshansky to face charges in the United States

US Sanctions Enforcement Against Russian Nationals

• ▪US authorities charged Oleg Olshansky with breaching US Russian sanctions
• ▪US authorities charged Sergey Ivin after his extradition from Bulgaria
• ▪US authorities charged Oleg Olshansky with money laundering

European Sanctions Enforcement Landscape

• ▪European authorities conducted over 9000 sanctions investigations since February 2022
• ▪Sanctions enforcement action occurred in 31 European countries
• ▪European sanctions enforcement resulted in over €490 million in fines since 2017

Perspective of European sanctions enforcement authorities

• ▪The extradition of Oleg Olshansky and Sergey Ivin demonstrates cross-border cooperation in sanctions enforcement
• ▪European authorities have significantly escalated sanctions investigations following February 2022

Perspective of Oleg Olshansky

• ▪Oleg Olshansky challenged the legal basis for his extradition from Bulgaria through an appeal