The EU’s latest sanctions against Russia include a ban on coal and crypto but nothing about oil and gas imports.
on Friday to bar Russians from being able to access “high-value” crypto services as part of the latest round of sanctions imposed on the country due to its invasion of Ukraine.
The crypto prohibition is one of three financial measures listed in the six-part sanctions package. Other items listed include a full asset freeze on four Russian banks that account for over a fifth of the country’s banking sector and an embargo on advisory services for wealthy Russians. According to the sanctions package published by the European Commission, the crypto ban will serve to close potential loopholes. This refers to fears that wealthy Russians could use cryptocurrencies to
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