In brief
- Ukraine has sanctioned 19 Russian crypto miners, 17 digital asset operators, and five exchanges, along with firms tied to Russia’s financial infrastructure.
- Foreign entities in Cyprus, Kazakhstan, and the UAE were blacklisted for facilitating Russian sanctions evasion via crypto.
- The crackdown comes as Russia stepped up assaults in eastern Ukraine, and Ukraine targets military infrastructure deep inside Russian territory.
Ukraine has rolled out a precision strike on dozens of Russian-backed crypto operatives, freezing the assets of 60 firms and 73 individuals suspected of enabling Moscow’s war through digital finance.
President Volodymyr Zelenskyy signed the decree on Sunday, freezing assets and sanctioning economic activity for the companies and individuals allegedly tied to Russian financial schemes, many involving crypto.
Zelenskyy called it “a special sanctions package” that also targets Russia’s broader financial infrastructure, including payment equipment manufacturers and intermediaries for international transactions.
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Author: Vismaya V
