Odaily Planet Daily reports: The European Union (EU) has expanded its sanctions against Russia, targeting the A7 cross-border payment network and its newly established African affiliates, as well as the A7A5 stablecoin used to circumvent sanctions. The latest sanctions package extends transaction prohibitions to 14 crypto-related platforms in countries including Georgia, the UAE, and Panama, and introduces a tool enabling a comprehensive ban on cryptocurrency services used by Russia. In addition to digital asset measures, the EU has imposed asset freezes and transaction bans on 94 banks and major financial institutions, and extended transaction restrictions to an additional 33 Russian credit and financial institutions.
EU Expands Sanctions to 14 Crypto-Related Platforms
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Summary
The EU has expanded sanctions under MiCA to include 14 crypto platforms in Georgia, the UAE, and Panama. The measures target A7 and its African affiliate, along with the A7A5 stablecoin used for CFT violations. A new tool blocks Russian access to crypto services. In addition to bans on digital assets, 94 banks and 33 additional financial entities face asset freezes and transaction prohibitions.
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