The European Union has enacted its 20th sanctions package against Russia, marking one of the most extensive measures in the past two years. This package introduces comprehensive restrictions on the cryptocurrency sector, including a complete ban on transactions with Russian crypto service providers and platforms. Additionally, it prohibits the use and support of the digital rouble and the RUBx stablecoin.
Beyond the crypto sector, the sanctions also target Russia's financial system by imposing transaction bans on 20 Russian banks and other entities. These measures reflect the EU's ongoing efforts to exert economic pressure on Russia.
EU Implements 20th Sanctions Package on Russia, Expands Crypto Ban
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