EU targets 14 crypto operators and 94 banks in Russia sanctions

EU sanctions target 14 crypto platforms, 94 financial institutions and 41 shadow-fleet vessels accused of supporting Russian activity.

• The EU has imposed its 21st sanctions package against Russia, targeting 14 crypto service platforms and 94 banks for allegedly supporting Russian activities and sanctions evasion.
• New measures include asset freezes, transaction bans, and a mechanism to block crypto services across entire jurisdictions deemed to be facilitating Russian sanctions evasion.
• The sanctions also extend to shadow-fleet vessels, oil refineries, military suppliers, and dual-use goods, reflecting a broad effort to curb Russia's financial and military capabilities.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Cross jurisdictional policy, Enforcement actions litigation, Non evm chains

Tags: #eusanctions #russia #cryptooperators #financialinstitutions #sanctionsevasion #cryptoplatforms #transactionban #assetfreeze #dualusegoods #oilpricecap

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