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Ukraine wants EU to shut down Russia’s crypto schemes in next sanctions package

Ukraine wants EU to shut down Russia’s crypto schemes in next sanctions package

Editor’s note: The story was updated with additional details.

Kyiv wants the EU to put an end to Russia’s use of cryptocurrencies to evade sanctions as part of the next sanctions package, Suspilne broadcaster reported on April 23.

Ukraine and Brussels have already begun discussions on the 21st package of sanctions against Moscow, following the passage of the 20th package this week.

Kyiv’s European partners have imposed massive economic restrictions on Russia after the outbreak of its full-scale war in Ukraine in 2022, aiming to cut off its revenue streams and stifle its ability to wage war.

The next set of measures should further target Russian financial institutions, expand the list of sanctioned banks, and “finally shut down channels for…

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