The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted.
Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia
On Wednesday, the European Commission welcomed a new agreement between the 27 members of the European Union to amend the bloc’s regulations imposing sanctions on Russia — for its military assault on Ukraine — and Belarus, for its involvement. The changes are meant to ensure the restrictions cannot be circumvented.
We are further tightening the net of sanctions responding to Russia’s military aggression against Ukraine
•Listing 160 individuals: oligarchs, Russian Federation Council members
•Belarus banking sector
•Export of maritime navigation technology to Russia
•Adding crypto-assets
— Ursula von der Leyen (@vonderl
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