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The European Commission announced the 21st sanctions package on Russia, including a wider ban on Russia-linked crypto entities.The commission may introduce a full ban on crypto services from non-EU countries that host platforms helping Russia evade sanctions.

The European Commission has proposed sanctions on 20 non-EU entities, including crypto platforms accused of helping Russia bypass existing restrictions.New measures could introduce the EU’s first country-level ban on crypto services from jurisdictions hosting platforms linked to sanctions evasion.Chainalysis reported $93.3 billion in transaction volume tied to the ruble-backed stablecoin A7A5, a network cited in growing scrutiny of Russia-linked crypto activity.

Russia sanctioned 17-year-old Alexander Browder after his crypto research helped UK officials target the A7A5 stablecoin network.Browder’s investigation linked A7A5 to alleged sanctions evasion and financial channels connected to Russia’s war economy.The UK Foreign Office said A7A5 formed part of a network designed to bypass Western sanctions on Russia.

The teenager's research into Russia’s alleged illicit crypto flows appears to have prompted Moscow's retaliation.

British financial institutions are now barred from doing business with the exchanges—and may face penalties for interacting with crypto transactions that pass through them.

The legislation would license crypto exchanges and permit cross-border cryptocurrency use while maintaining domestic payment restrictions.

Russian-linked crypto exchange Grinex shuts down after losing over $13m in a suspected state-level cyberattackPlatform, already sanctioned by the U.S., U.K. and EU, was a key ruble off‑ramp helping Russian businesses dodge sanctionsExperts say the loss of Grinex will “seriously damage” Russia’s shadow economy and its ability to move money offshore