The EU Council has approved the 20th package of sanctions against Russia. It includes strict restrictions for the cryptocurrency sector.

For the first time, the European Union did not limit itself to individual platforms and introduced a sector-wide ban. All crypto services registered in Russia are subject to the restrictions.

The Garantex Lesson: Why Targeted Sanctions Do Not Work

The EU regulation explains why the decision was made to move to sector-wide restrictions. In February 2025, the crypto exchange Garantex was sanctioned for helping sanctioned individuals gain access to the global financial system.

However, the measure proved ineffective. Investigations showed that Garantex’s Source link