The European Union has officially adopted its 20th package of sanctions against Russia. This landmark legislation introduces a total sectoral ban on all Russian crypto asset service providers (CASPs), effectively isolating the Russian digital asset ecosystem from the European market. The move aims to dismantle the shadow financial networks Moscow has used to bypass previous restrictions.
EU Implements "Blanket Ban" on Russian CASPs
The Council of the EU confirmed on April 23, 2026, that it is moving away from blacklisting individual exchanges to a broader, more aggressive strategy. The new measures prohibit EU operators from providing any services to, or facilitating transactions with, any crypto platform established in Russia or Belarus.
This decision follows the failure of previous targeted sanctions. For instance, after the high-risk exchange Garantex was disrupted in 2025, its operations quickly migrated to a clone platform known as Grinex. By banning the entire sector, the EU aims to end this "whack-a-mole" cycl...
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