The European Union plans to comprehensively prohibit transactions involving Russian crypto assets to curb sanctions evasion.

Techub News reports, according to the Financial Times, the European Commission has proposed a comprehensive ban on crypto asset transactions with Russia to prevent Moscow from using channels outside the traditional banking system to circumvent sanctions. The measure covers all Russian crypto asset service providers and related transfers and trading platforms, aiming to stop Russia from bypassing existing sanctions through newly established platforms. The proposal also includes a complete ban on transactions involving the digital ruble supported by the Russian central bank and adds 20 banks to the sanctions list.