The European Union passes the 20th round of sanctions against Russia, fully banning cryptocurrency asset platforms within Russia for the first time.

Mars Finance News: According to the official website of the European Union Council, the EU officially approved the 20th round of sanctions against Russia in 2026, which is also the largest sanctions package in two years, adding 120 individuals and entities to the list, and applying comprehensive pressure across multiple dimensions including energy, finance, military industry, and trade. In the field of cryptocurrencies, given Russia’s increasing reliance on cryptocurrencies for international settlements under financial sanctions pressure, the EU has implemented a comprehensive industry ban on crypto asset transfers and trading platforms within Russia, while also sanctioning a platform in Kyrgyzstan that supports the stablecoin A7A5 issued by the government, and banning all transactions related to the cryptocurrency RUBx as well as any EU support for the development of the digital ruble.