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European Union Council: Cryptocurrency Firms Must Review 2,200 Russian Entities

The European Union Council has adopted its 14th set of sanctions for Russia's 2022 invasion of Ukraine. The sanctions are mainly aimed at Russia's industrial and financial links with the government of Vladimir Putin. They include a ban on resale of Russian liquefied natural gas at European Union ports. European banks are also banned from connecting to Russia's financial transfer system. The European Union Council has banned cryptocurrency platforms from trading for any company or organization that helps Russia supplement its arms supply and military technology. Under the latest European Union sanctions, cryptocurrency firms must vet 2,200 Russian entities.