Ukraine Sanctions 60 Crypto Firms Allegedly Aiding Russia

Ukrainian President Volodymyr Zelenskyy has approved new sanctions targeting 60 firms and 73 individuals from Russia, intensifying efforts to curb crypto companies evading financial restrictions. The National Bank of Ukraine spearheaded the initiative, zeroing in on digital asset networks allegedly funneling billions to Russia’s military-industrial complex in 2025 alone.

Cross-border crypto transactions have emerged as a critical vulnerability, with sanctioned entities exploiting regulatory gaps to bypass traditional finance channels. Ukraine’s latest MOVE aims to sever these alternative funding routes, coordinating closely with the European Union and allied nations to enforce globally aligned measures.

The sanctions build on earlier actions from June 27, when Kyiv blacklisted 87 entities. Legal frameworks are being harmonized with EU standards to eliminate enforcement disparities across jurisdictions.