EU Weighs New Sanctions on Russian Banks, Energy Firms, and Crypto Platforms

Key Takeaways:The European Union is preparing its 19th round of sanctions since the Russia-Ukraine war began in 2022.Measures could target six Russian banks, energy companies, and cryptocurrency trading platforms.EU aims to coordinate sanctions with the United States, with officials set to meet in Washington this week.The European Union is considering a fresh sanctions package that could hit around six Russian banks and energy companies, according to Foresight News. If approved, this would mark the 19th round of EU sanctions since Russia’s invasion of Ukraine in 2022.The potential measures may also extend to Russia’s payment and credit card systems, as well as cryptocurrency trading platforms, reflecting growing concerns over financial channels helping Moscow bypass earlier restrictions.In addition, the EU is weighing tighter curbs on Russian oil trade, which remains a crucial source of revenue for the country.EU officials are scheduled to travel to Washington this week for talks with their U.S. counterparts, seeking to align transatlantic action on the new measures.