The European Union has approved the 20th round of sanctions against Russia, imposing a full ban on Russian cryptocurrency platforms and the digital ruble.

BlockBeats News, April 27th. The European Union recently launched its most comprehensive round of sanctions against Russia in two years, aiming to disrupt its ability to evade economic sanctions using digital assets. The new regulations strictly prohibit crypto service providers and exchanges operating within Russia from conducting business, and also block the Russian Central Bank's digital currency Digital Ruble and the Ruble-backed stablecoin RUBx. Additionally, any entity within the EU is prohibited from providing technical support for the development of the Digital Ruble.

Citing data from the blockchain analytics firm Chainalysis, the sanctioned A7A5 ecosystem has processed a total of $119.7 billion. This round of sanctions also includes 20 Russian banks, 4 foreign financial institutions connected to the Russian SPFS financial messaging system, and the exchange platform TengriCoin located in Kyrgyzstan.

According to the new regulations, EU residents are not allowed to engage in any transactions with crypto or DeFi platforms in Russia and Belarus, and are prohibited from providing crypto-related services regulated by the MiCA regulation.