Ukraine Strikes Back: Sanctions Hit 60 Crypto Firms Accused of Fueling Russia’s War Machine
Kyiv turns the screws on shadowy crypto networks propping up Putin’s regime.
The crackdown: Ukraine’s National Security Council just blacklisted 60 digital asset firms—alleged pipelines for Russian sanctions evasion. No more playing both sides.
Follow the money: While SWIFT bans bite, crypto’s borderless nature makes it the perfect workaround for desperate regimes. Now investigators trace everything from USDT laundromats to mining ops masking arms deals.
Irony alert: Same decentralized tech that was supposed to ‘bank the unbanked’ now helps oligarchs dodge billion-dollar freezes. Guess the revolution got monetized after all.
One thing’s clear—when the bullets fly, crypto becomes geopolitical artillery. And compliance teams? They’re the new frontline infantry.
Coordination with International Allies
The new sanctions were crafted in collaboration with the European Union and other allied nations. Zelenskyy emphasized aligning these sanctions on a global scale. Additionally, Ukraine will keep reviewing each sanctioned entity alongside its partners to ensure everything is legally sound.
Despite regulatory differences, Ukraine insists on matching EU measures and embedding them in its national law. Notably, this approach ensures no gaps in enforcement, even across different legal systems.
This crackdown follows earlier sanctions issued on June 27. At the time, Kyiv targeted 87 entities linked to drone tech and chip production. That list included one Chinese firm and several Russian defense suppliers.
Additionally, Ukraine has imposed penalties on firms tied to the Alabuga economic zone and Shahed drone systems. Crypto miners, wallets, and exchanges under Russian control now face stricter scrutiny. Zelenskyy warned of more sanctions next week, supporting Kyiv’s resolve.
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