EU Imposes Sweeping Crypto Sanctions on Russia

2026-04-27 19:02

The European Union has enacted its 20th round of sanctions against Russia, marking one of the largest measures in nearly two years. For the first time, the sanctions include comprehensive restrictions on the cryptocurrency industry. These measures prohibit Russian crypto service providers and platforms from operating, block digital ruble and stablecoin RUBx, and ban EU entities from transacting with Russian and Belarusian crypto and DeFi platforms. Additionally, the sanctions target 20 Russian banks and related financial institutions. The EU stated that Russia is increasingly relying on crypto assets to evade sanctions.

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