The European Council has launched its 14th sanctions package, extending measures to non-EU crypto providers aiding Russia’s defense industry. This move is part of broader efforts targeting sectors like energy and finance, aiming to bolster Ukraine’s sovereignty and deter Russian aggression.
In response to ongoing geopolitical tensions, the EU has expanded its sanctions list to include 116 more individuals and entities accused of threatening Ukraine’s territorial integrity. This brings the total entities under EU sanctions to over 2,200, underscoring Europe’s commitment to supporting Ukraine and curbing Russian activities.
The latest sanctions also include bans on transactions involving non-EU crypto providers facilitating sales of sensitive goods to Russia, a strategic move aimed at preventing sanctions circumvention. As Europe tightens regulatory oversight, new measures complement recent efforts to enhance anti-money laundering protocols in the cryptocurrency sector, reflecting a proactive stance against illicit financial activities.
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