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EU Bans Cryptocurrency Providers Working with Defense-Industrial Complex in Russia

European legislators have approved a 14th set of sanctions aimed at key sectors within the Russian economy, such as trade, finance and energy. These sanctions are intended to make it significantly harder to bypass existing European Union (EU) restrictions.

In a press release dated June 24, 2024, the EU Council announced that the recent package includes restrictive measures against an additional 116 individuals and entities allegedly responsible for activities that compromise or jeopardize the independence, sovereignty and territorial integrity of…

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