Europe widens sanctions on Russia, Belarus, targets crypto assets.
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.
Тhe European measures now apply to a total of 862 Russian individuals and 53 entities. And as concerns have grown that Russia’s government and elites may use cryptocurrency to bypass western sanctions, crypto assets have been targeted as well. The latter are now listed under the “transferable securities” category. The announcement noted:
The European Union is also taking steps to limit options for Russia to evade sanctions through Belarus. Several Belarusian banks — Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus as well as their domestic subsidiaries — have been cut from SWIFT, the global interbank messaging system.
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