Ukraine Imposes Sanctions on Russian-Linked Crypto Networks

President Volodymyr Zelenskyy escalated Ukraine's financial warfare against Russia with a sweeping sanctions package targeting cryptocurrency evasion schemes. The July 6 decree freezes assets of 60 companies and 73 individuals, including 19 crypto miners and five exchange operators operating in Russia.

The sanctions extend beyond Russian borders, encompassing Cyprus-based TOKENTRUST HOLDINGS LIMITED and Kazakhstan's EXMO RBC LTD - both already under US sanctions. Payment infrastructure firms and digital asset operators FORM the bulk of targeted entities, reflecting Kyiv's strategy to disrupt Moscow's alternative financial channels.

"These are special sanctions targeting numerous Russian financial schemes, particularly cryptocurrency-related ones," Zelenskyy declared. The MOVE aligns with Western allies while asserting Ukraine's autonomous capacity to combat economic warfare.