EU proposes ban on 11 crypto platforms in Russia sanctions push

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerEU proposes ban on 11 crypto platforms in Russia sanctions pushLatest NewsPublishedJun 10, 2026The proposed measures would ban transactions on 11 crypto platforms and expand sanctions targeting networks accused of helping Russia evade restrictions.The European Union proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia.Kaja Kallas, vice president of the European Commission and the EU’s high representative for foreign affairs and security policy, outlined measures targeting banks, weapons manufacturers, oil traders, refineries and other entities outside the bloc.“We will also tighten our ban for crypto-asset services to certain third countries, add new designations, and ban transactions on 11 crypto platforms,” Kallas said in a post on X.The proposal would widen the EU’s sanctions campaign beyond Russian banks and energy revenues to crypto firms accused of helping Moscow circumvent restrictions imposed over its war in Ukraine.Source: Kaja KallasThe Commission did not identify the 11 crypto platforms in its public statements. Cointelegraph sought clarification on which platforms would be affected, but the Commission did not provide additional details before publication.European Commission President Ursula von der Leyen said the package includes bans on 31 additional Russian banks and 20 entities in third countries, including banks, crypto platforms and oil traders.She said the targets had served sanctioned Russian individuals and entities or helped circumvent EU measures.EU proposal follows UK sanctions against HTXThe EU proposal follows the United Kingdom’s May 26 sanctions against Huobi Global S.A., the Panamanian company behind HTX, over alleged support for Russia-linked financial networks.UK authorities said there were reasonable grounds to suspect HTX had supported the Russ…

EU proposes ban on 11 crypto platforms in Russia sanctions push

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