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The U.S. Department of the Treasury announced sanctions against Russian company Operation Zero and founder Sergey Zelenyuk for their role in the theft of proprietary software from a U.S. defense contractor.

This action, the first under the Protecting American Intellectual Property Act of 2023, aims to disrupt financial flows that support corporate espionage. U.S. authorities will pursue additional sanctions on related cryptocurrency wallets and urge financial institutions to enhance compliance protocols.