EU Moves to Ban Russia's Digital Ruble and Crypto Services in New Sanctions

EU Moves to Cut Russia Off From Money Flows With New Crypto and Bank Sanctions

Key Тakeaways The EU’s 20th sanctions package targets how Russia moves money, not just what it trades. Crypto platforms and the digital ruble face direct bans for the first time. More banks, ships, companies, and individuals are set to be cut off from global systems.  Instead of widening trade bans alone, Brussels is now targeting the mechanics of payment itself – banks, digital currencies, crypto platforms, and the shadow systems Russia has le…

EU Moves to Ban Russia's Digital Ruble and Crypto Services in New Sanctions

Key insights EU blocks Russia’s digital ruble and crypto services to close alternative payment channels. Over 40 shadow fleet tankers targeted to enforce oil price cap and energy restrictions. Banks, third-country suppliers, and military contractors face expanded financial sanctions. Why is the EU now targeting crypto and the digital ruble? The European Union has unveiled its proposed 20th sanctions package against Russia, expanding restriction…