EU’s Crypto Action Against Russia

In the last days of February, we witnessed a development that closely concerns the whole world. Russia, which accepted the so-called administration of pro-Russian separatists in Ukraine, then started to deploy soldiers from different regions on the Ukrainian borders. This step was considered as Russia’s invasion of Ukraine and in a short time many countries and companies decided to impose sanctions on Russia.

Russia, which also makes heavy interventions in civilian areas and constantly intervenes in order to occupy the capital of Ukraine, Kiev, on the one hand, killed countless soldiers and civilians. to lose his life On the other hand, it caused hundreds of thousands of people living in Ukraine to leave their country as refugees. All these steps, Russia’s ‘an economic blow faced with the sanctions brought with it. Another critical step has come from the EU for the ‘complete implementation’ of these interventions

Overcoming sanctions with crypto assets will be prevented

Finance ministers from 27 EU member states met in an online meeting to discuss the economic implications of the Russia-Ukraine war. Making a statement after the meeting, Bruno Le Maire, Minister of Finance of France, the EU Term President, said, “To further increase the effectiveness of the sanctions imposed on Russia and to take any action of the measures agreed by the 27 member states. to avoid being followed behind we decided to work on additional measuresIn his statement, he also touched upon the issue of crypto assets.

Stating that they have prepared all the measures to prevent the sanctions from being overcome through crypto assets, Maire also spoke about the subject, and Valdis Dombrovskis, Senior Vice President of the EU Commission, said, “On cryptocurrencies we need to take new measures We decided” he said. Stating that the volume of crypto assets has increased, Dombrovskis stated that cryptocurrencies are especially examined and if necessary, they will focus on this issue further.