EU Sanctions Target Russian Banks, Crypto Networks Amid Global Regulatory Clampdown

The European Union has expanded its sanctions on Russian banks and crypto networks in response to ongoing geopolitical tensions. The move is part of a broader effort to restrict Russia's access to global financial systems.

In related news, the US Federal Trade Commission (FTC) has halted an alleged $200 million credit-repair scheme, with regulators citing deceptive practices targeting vulnerable consumers.

Meanwhile, India's Reserve Bank of India (RBI) is proposing Basel-aligned leverage reforms aimed at strengthening banks' risk management and capital adequacy standards.