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The EU targeted crypto wallets, banks, currencies, and trusts in its fifth package of sanctions on Russia. New financial measures include 'a prohibition on providing high-value crypto-asset services to Russia' with the aim to close potential loopholes that could allow Russians to move money abroad.
'Together with the four previous packages, these sanctions will further contribute to ramping up economic pressure on the Kremlin and cripple its ability to finance its invasion of Ukraine,' reads the statement by the European Commission.
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