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The EU Committee of Permanent Representatives has agreed on a new package of sanctions against Russian officials and oligarchs involved in unleashing the war with Ukraine. The restrictions will affect cryptocurrency assets.
🔴 #Ukraine | Approval by COREPER II of new sanctions against Russian leaders and oligarchs and their family members implicated in the Russian aggression against Ukraine. ⤵️ 1/5 #PFUE2022 pic.twitter.com/SHatb7ZD4z
— French Presidency of the Council of the EU 🇫🇷🇪🇺 (@Europe2022FR) March 9, 2022
According to the statement, the planned measures supplement those taken earlier. In particular, three Belarusian banks are expected to be cut off from SWIFT, as well as sanctions against the maritime transport sector of the Russian Federation.
“They clarify the issue of cryptocurrencies and complete the list of technologies and goods that cannot be imported,” the Committee said.
The package of sanctions must be approved by the Council of the European Union.
In early March, the media announced the inclusion of digital assets in the restrictive measures of the European Union against Russia.
Recall that earlier experts warned about the potential use of cryptocurrencies by Russia to circumvent sanctions. FinCEN and analysts at Elliptic.
Experts were skeptical about the possibility of large-scale operations of this kind. They cited the lack of necessary infrastructure as one of the reasons.
However, the US Treasury announced the strengthening of monitoring of crypto transactions to prevent Russia from evading sanctions.
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