The EU announced a new decision to extend the scope of sanctions on Russia and Belarus. According to a press release, published by the European Commission, the Members agreed to impose new targeted sanctions related to the situation in Ukraine and in response to the involvement by Belarus.
Related: EU Acts To Prevent Russia’s Avoiding Sanctions Through Crypto
The Commission defines crypto assets as "transferable securities", saying that as such they are clearly part of sanctions. As reported, the goal of amendments is to create a closer alignment with other restrictions and will increase their effectiveness, making certain that Russia can't use crypto to circumvent bans.
In addition, 160 individuals got listed on the list of sanctioned people as the EU finds their actions were undermining or threatening the territorial integrity, sovereignty, and independence of Ukraine.
The paper mentioned that loans, as well as credits, will be available by any means, including cryptocurrencies.