EU targets Russian LNG and crypto in new sanctions package
Crypto Briefing
The EU introduced its 19th sanctions package, banning Russian LNG imports and expanding restrictions on crypto platforms and banking services.Summary
The European Union has enacted its 19th sanctions package against Russia, which introduces a complete ban on Russian Liquefied Natural Gas (LNG) imports. This ban involves terminating short-term contracts within six months and phasing out long-term contracts by January 1, 2027. Furthermore, the package expands restrictions on crypto providers and prohibits transactions with additional Russian banks, while also banning Russia’s national payment system within the EU. These coordinated measures, agreed upon with the US, aim to close loopholes in Russia's financial networks, specifically targeting digital assets and energy trade to limit Russia's ability to evade existing economic restrictions.
(Source：Crypto Briefing)