EU Moves To CHOKE Russia With Sanctions On 90 Banks, Cryptos To Stop Funding of Ukraine War

The European Union is preparing a major new sanctions package targeting more than 90 Russian banks and several cryptocurrency platforms accused of helping Moscow bypass existing restrictions. The proposed measures aim to further isolate Russia’s financial system through asset freezes, transaction bans, and tighter controls on entities linked to the military-industrial sector. EU officials say the goal is to limit funding channels supporting Russia’s war effort in Ukraine. As Moscow strengthens trade relationships with countries outside the Weste sanctions framework, Brussels is seeking to close remaining loopholes and increase economic pressure through what could become its 21st sanctions package.