EU Sanctions Package Targets Russian Assets, Georgian Refinery, and Crypto Platforms

The European Union has adopted its 21st package of sanctions against Russia, which includes restrictions on Georgian assets and crypto platforms. The new measures target 218 individuals and entities, including 48 people and 170 organizations.

The EU plans to ban transactions with the Kulevi oil refinery in Georgia, citing involvement in trading and processing Russian oil. This restriction is set to take effect six months after the sanctions package enters into force.

The package also prohibits dealings with 14 cryptocurrency platforms based in third countries, including those in Georgia, Kyrgyzstan, Belarus, Panama, the United Arab Emirates, and the Marshall Islands.