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Denmark Initiates Discussion on Sanctions Against Russia's Crypto Operations in the EU

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by Giorgi Kostiuk

5 hours ago


At a meeting of EU foreign and defense ministers in Copenhagen, the issue of new sanctions against Russia and its cryptocurrency transactions is raised.

Discussion of New Sanctions Against Russia

EU ministers are gathering in Copenhagen to discuss measures to pressure the Kremlin into ending the war in Ukraine. Denmark, currently holding the EU presidency, proposes to discuss additional sanctions against Russia, including restrictions on its access to cryptocurrencies. This proposal is based on a document obtained by a political news outlet.

Plan to Combat Sanctions Evasion

Denmark also suggests deploying new tools to prohibit the export of Russian goods to non-EU countries that may be involved in circumventing existing sanctions. This process is lengthy, and no final decisions are expected due to the informal nature of the gathering.

Support for Ukraine and Further Measures

According to David McAllister, chair of the European Parliament's foreign affairs committee, it is crucial to keep the pressure on Russia. He emphasizes that sanctions must be tightened, and support for Ukraine must be sustained. McAllister is convinced that Russia is playing for time.

The discussions in Copenhagen focus on key strategies aimed at further pressuring Russia and supporting Ukraine amid the ongoing conflict.

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