Zelenskyy Targets Russian War Funds With New Crypto Sanctions

Ukrainian President Volodymyr Zelenskyy has signed a new sanctions package targeting Russia's financial infrastructure, with a focus on schemes involving cryptocurrency. The measures, initiated by the National Bank of Ukraine, restrict 60 legal entities and 73 individuals, all Russian nationals. Zelenskyy said one sanctioned company facilitated the transfer of several billion dollars since the beginning of the year, primarily for Russia's military-industrial complex, and that Russia is turning to cryptocurrency as traditional financial routes are restricted. The package was developed in coordination with international partners, and further decisions coordinated with the European Union are expected next week.