EU’s 20th Sanctions Package Targets Entire Russian Crypto Sector Starting May 2026
BeInCrypto
The European Union has announced a comprehensive ban on all Russian cryptocurrency services to prevent sanctions evasion, effective May 2026.Summary
The EU Council has adopted its 20th sanctions package, shifting from targeting individual platforms to a full sectoral ban on all Russian crypto services. Effective May 24, 2026, the regulation prohibits transactions with Russian crypto providers and specific digital assets, including the digital ruble, to curb the use of cryptocurrencies for international settlements. This measure also targets workaround schemes like netting and mirror entities, alongside new restrictions on 20 Russian banks and certain third-country financial institutions.
(Source：BeInCrypto)