The European Union proposes a comprehensive ban on all cryptocurrency transactions with Russia to prevent sanctions evasion.

The EU announced the 20th round of sanctions against Russia around February 6, 2026, expanding previous financial restrictions.
According to official EU documents and reports, these measures are based on actions taken in July 2025, extending the SWIFT ban to include full transaction bans on certain Russian banks and third-party operators, including crypto asset providers involved in sanctions evasion.
Key points include prohibiting EU operators from transacting with listed Russian banks, financial institutions, and related third-party entities (such as Kyrgyzstan, the UAE, or Hong Kong).
A total ban on transactions with Russian digital rubles and Russian crypto asset service providers, surpassing previous wallet balance limits, and directly blocking transactions.
Expanded restrictions to provide Russian individuals or entities with crypto wallets, accounts, or custodial services, including prohibiting Russians from owning or controlling such service providers.
Targeting platforms and companies suspected of helping Russia evade sanctions through digital payments, and introducing new reporting requirements for large transfers.
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