• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Trezor Wallet Halted Shipments to Russia Following Sanctions
Trezor Wallet Halted Shipments to Russia Following Sanctions

Trezor Wallet Halted Shipments to Russia Following Sanctions

March 9, 2022 by Vignesh Karunanidhi

Satoshi Labs, the company behind the famous hardware wallet Trezor, has announced that it would no longer ship its products to Russia and Ukraine.

Following Russia’s invasion of Ukraine, more crypto-related firms are boarding the sanctions train that is making its way across the world. This time, it’s a big name in the hardware wallet industry.

Trezor.io made an announcement through its website,

“Shipments to Ukraine and Russia have been temporarily halted due to the present circumstances in these countries, which is beyond our control.” We are currently uncertain when we are allowed to begin exporting to Russia and Ukraine. However, we hope that the situation will improve fast.”

Impact of Russia’s decision on both countries

According to NBC News, this occurred “immediately” after the sanctions were released.

Satoshi Labs is situated in the Czech Republic, which was formerly occupied by the Soviet Union when it was still a part of Czechoslovakia. Furthermore, according to the newspaper, many firm workers have “connections to the war that make it personal,” according to Satoshi Labs spokesperson Kristna Mazánkov.

“Bitcoin is very apolitical,” she said. “I would like to imagine that bitcoin is a solution for different situations and that it will stay that way,” Mazánkov was quoted as saying.

“It’s dreadful to see these deeds of violence and ruthless military assault,” Trezor wrote on the same day Russia started its attack on Ukraine. “We Support Ukraine.”

Satoshi Labs made a donation of EUR 1 million (USD 1.09 million) in bitcoin (BTC) to two charities four days later, on February 28.

To help people in Ukraine, we at @satoshilabs (@Trezor, @Invity_io, @TropicSquare) donated 1 million Euro in #Bitcoin to @CLOVEKVTISNI and @MSF_czech organisations.

We encourage you to financially support trusted funds and NGOs to help those who suffer the most.

No to war! pic.twitter.com/rNcAaHiOz9

— SatoshiLabs (@satoshilabs) February 28, 2022

At the time of writing, there appears to be no equivalent statement from Trezor’s main competitor, Ledger.

According to its website, the Ledger wallet cannot be transported to seven countries/regions owing to local constraints, including Belarus and the Crimean Peninsula, which Russia invaded and annexed in 2014. This list does not include Russia.

Russia’s measures have been fast in response to its aggressive operations against Ukraine. PayPal, Mastercard, and Visa have all halted operations in the nation, and even Switzerland, which is known for its neutrality, has frozen the crypto assets of prominent Russians.

Filed Under: News, Blockchain, World Tagged With: Russia, Trezor wallet, Ukraine

Primary Sidebar

Recent Posts

  • JPMorgan Begins Utilizing Blockchain for Collateral Settlements May 27, 2022
  • MetaMask Joins Hands With Asset Reality to Assist in Recovering Stolen Crypto May 27, 2022
  • Bitcoin knowledge, the biggest flex May 27, 2022
  • Fakesters use LUNA 2.0 airdrops to target users May 27, 2022
  • Tether-ing in Mexico May 27, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.