In short
- Ukraine has sanctioned 19 Russian crypto -miners, 17 digital assets operators and five fairs, together with companies that are bound by the financial infrastructure of Russia.
- Foreign entities in Cyprus, Kazakhstan and the VAE were blacklisted because they have facilitated the deportation of Russian sanctions via crypto.
- The performance comes when Russia attacks in eastern Ukraine, and Ukraine focuses on military infrastructure deep in Russian territory.
Ukraine has rolled up a precision strike on dozens of Russian-supported crypto agents, which freezes the assets of 60 companies and 73 people suspected of making Moscow’s war through digital finances.
President Volodyymyr Zenskyy signed the decree on Sunday, freezing assets and punishing economic activity for companies and individuals who are reportedly bound to Russian financial regulations, many with crypto.
Zenskyy called it “a special sanction package” that is also aimed at the broader financial infrastructure of Russia, including manufacturers of payment equipment and intermediaries for international transactions.
“Just included in the sanctions list by a single company now, and only since the beginning of this year, that is, before the sanctions that were imposed have led a number of billion dollars, mainly for the needs of their military-industrial complex,” Zelenskyy said on Sunday. “Of course we will close all such schedules.”
The sanctions point to the growing alarm about how Russia, concluded from a large part of the global financial system, increasingly operates crypto to maintain its war effort.
The decree, introduced on the initiative of the National Bank of Ukraine, focuses on 19 of the largest crypto -miners in Russia, 17 operators of digital assets systems and five crypto exchanges involved in the evasion of sanctions.
LLC A7, a sanctioned company, released a rubles with Stablecoin in February, aimed at cross -border transactions.
Other on the black -list entities are United Financial Technologies and Bifit, a software provider for Russian banks under Sanctions, Vladyslav Vlasiuk, the Commissioner of Zenskyy for sanction policy, posted on Facebook.
Five foreign companies were also sanctioned, including Tokentrust Holdings (Cyprus) and Exmo RBC LTD, a Kazakhstan-based operator of the Exmo.me exchange that is active in Russia, Witarus and Kazachstan.
On the VAE-based companies AWX Solutions, Crypto Explorer and Bitpapa, already under American sanctions, they were blacklisted for facilitating crypto transactions for Russian users.
Last year, Chainalysis Director of Intelligence Solutions Valerie Kennedy said that Russia “was” the loudest and possibly most penetrating country “with the help of crypto to stretch sanctions, with reference to secret non -kec services and new national laws that facilitate crypto -settlements.
The Blockchain analysis company reported in February that sanctioned jurisdictions received $ 15.8 billion in crypto in 2024, about 39% of all illegal flows, with Russia, Iran and North Korea that led the peloton.
A recent report from the Financial Action Task Force (FATF) and Blockchain researchers has also warned that crypto -sanctioned states such as Russia, Iran and Noord -Korea enables to finance weapons programs, drone production and cyber activities.
The newest performance comes in the midst of increased battlefield voltages, because both parties escalate of military and economic pressure in what has become a sharpening war war, such as according to recent media reports.
In the past week, Russian troops have intensified attacks in the Fronten Pokrovsk and Kupyansk, while Ukraine has performed long -distance strikes on military infrastructure on Russian territory.
Ukrainian officials also warned of raised Russian drone and rocket attacks on Kharkiv and Sumy regions, which contributes to fear of a new attacking push.
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