European Union Expands Sanctions to Include Russian Crypto
TLDR
- The EU’s 19th sanctions package targets Russian crypto platforms and financial loopholes.
- The package includes a ban on Russian LNG imports and crypto transactions.
- EU aims to counteract Russia’s crypto evasion tactics used in sanctions circumvention.
- The sanctions are part of Europe’s ongoing efforts to pressure Russia amid the war in Ukraine.
The European Union has introduced a groundbreaking measure in its latest round of sanctions targeting Russia. For the first time, crypto platforms have been included in the sanctions, aiming to block Russian crypto transactions. The new sanctions, part of the EU’s 19th package, seek to close financial loopholes that Russia has used to circumvent existing sanctions….
