EU Sanctions Package Targets Russian Crypto Networks

The European Union has introduced its 21st package of sanctions against Russia, which includes record-breaking listings and restrictions on cryptocurrency networks. The new measures aim to increase pressure on Moscow amid ongoing tensions with Ukraine.

According to the EU's latest package, fresh designations have been added to the list of individuals and entities subject to restrictive measures. Transaction bans have also been imposed on specific targets, while restrictions have been placed on Russia's crypto networks and shadow fleet.