EU Slaps 218 Entities with Sanctions, Including Crypto Services

The European Union has imposed its latest round of sanctions against Russia, targeting 218 entities, including those involved in cryptocurrency services.

The EU Council announced the 21st sanctions package, which includes measures aimed at disrupting Russia's financial infrastructure and revenue streams.

The regulatory move pauses the automatic adjustment of the oil price cap, a key component of the sanctions package.

This new round of sanctions is the latest in a series of efforts by the EU to penalize entities supporting Russia amidst ongoing geopolitical tensions.