The EU can now ban crypto trades to entire nations for being in breach of Russian sanctions, and 11 crypto platforms have been targeted by the new measures.

The European Union agreed on Thursday to its 21st sanctions package against Russia. EU persons are now barred from transacting with 11 unnamed crypto operators and 94 banks and financial institutions.

While names of the 11 crypto platforms have been withheld, the EU has revealed that they mostly operate in Belarus and Nigeria, acting as conduits to funnel money between Russia and countries blocked from doing business with it.

Previously, Brussels was limited to sanctioning individual firms. It now has the power to bar…