{"id":49248,"date":"2026-05-26T17:06:24","date_gmt":"2026-05-26T17:06:24","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/49248\/"},"modified":"2026-05-26T17:06:24","modified_gmt":"2026-05-26T17:06:24","slug":"britain-imposes-new-sanctions-on-russian-crypto-infrastructure","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/49248\/","title":{"rendered":"Britain Imposes New Sanctions on Russian Crypto Infrastructure"},"content":{"rendered":"

Britain imposed<\/a> a new round of sanctions on Russian cryptocurrency platforms and financial infrastructure that it says are helping Moscow circumvent Western restrictions and fund its war effort in Ukraine, targeting a Kremlin-linked crypto network and several widely used digital payment services.<\/p>\n

The measures are part of a broader effort by Western governments to close financial loopholes that Russia has increasingly relied on as sanctions pressure has tightened since the start of the war.<\/p>\n

Regulators have paid growing attention to cryptocurrency platforms and cross-border payment systems that can facilitate international transactions outside traditional banking channels.<\/p>\n

Britain said the sanctions targeted the A7 crypto network, which authorities described as a tool used to support Russia\u2019s wartime economy and facilitate payments linked to Russian oil exports.<\/p>\n

British authorities said entities connected to A7 have actively used Kyrgyzstan\u2019s financial system to move funds through cryptocurrencies.<\/p>\n

More than $90 billion may have passed through the network in 2025, according to the British assessment, a sum roughly equivalent to half of Russia\u2019s annual military spending.<\/p>\n

“We are tracking down and shutting off the financial lifelines that sustain Putin\u2019s war machine. There will be no safe havens for those enabling Russia\u2019s aggression,” Foreign Secretary Yvette Cooper said<\/a> in a statement.<\/p>\n

In total, Britain imposed<\/a> sanctions on 14 companies and four individuals.<\/p>\n

Those targeted include EXMO, a cryptocurrency exchange popular among Russian-speaking traders, and a company associated with HTX, formerly known as Huobi.<\/p>\n

Britain also sanctioned the Bitpapa peer-to-peer service, the Rapira payment system and several legal entities in Kyrgyzstan, including Eurasian Savings Bank.<\/p>\n

The European Union\u2019s 20th sanctions package adopted in April had also included restrictions targeting A7-related cryptocurrency services.<\/p>\n

The EU additionally banned transactions involving Russian cryptocurrency platforms and imposed measures against a ruble-backed stablecoin.<\/p>\n

Britain has imposed sanctions on more than 3,300 individuals and entities since the full-scale invasion of Ukraine.<\/p>\n

British authorities say<\/a> the measures have already inflicted $450 billion in losses on Russia\u2019s wartime economy, an amount they say is equivalent to roughly four years of war funding.<\/p>\n

Read this article in Russian at The Moscow Times’ Russian service.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Britain imposed a new round of sanctions on Russian cryptocurrency platforms and financial infrastructure that it says are…\n","protected":false},"author":2,"featured_media":49249,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[13,12735,522,6],"class_list":["post-49248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-britain","tag-britain","tag-cryptocurrency","tag-sanctions","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116641974360142678","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/49248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=49248"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/49248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/49249"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=49248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=49248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=49248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}