EU Adopts 21st Sanctions Package Against Russia, Targeting Energy, Finance, and Crypto

The Council of the European Union has adopted its 21st package of restrictive measures against Russia in response to its ongoing war of aggression against Ukraine. The new sanctions target Russia's energy sector, financial services, and crypto-asset services. Key measures include extending transaction bans to 33 additional Russian financial institutions and introducing the possibility of a full third-country ban for crypto-asset services to deter sanctions evasion. The package also includes measures mirroring those imposed on Russia for Belarus.