EU sanctions Russia’s crypto exchange Garantex over its ties to blacklisted banks
The European Union has rolled out a new round of sanctions, adding crypto exchange Garantex, which was already blacklisted by the U.S. Treasury’s OFAC.
The European Union has added Russian crypto exchange Garantex to its sanctions list as part of a new round of penalties aimed at curbing financial networks supporting Moscow.
Garantex, which was already blacklisted by the U.S. Treasury’s Office of Foreign Assets Control in 2022, has been added to the E.U.’s sixteenth sanctions package, which targets 48 individuals and 35 entities “directly supporting the Russian war effort,” the Council of the E.U. said in a Feb. 24 press release.
The Council also pointed out it was the first time it decided to sanction a…
