The European Union has banned Russians from using their crypto wallets

In the eighth package of sanctions, the European Union imposed a complete ban on the use of its crypto accounts for Russians and residents of the Russian Federation.

The new measures involve tightening restrictions that were in effect as part of the sanctions package adopted in April. Then the EU authorities banned Russians from storing more than €10 thousand on European crypto accounts and crypto wallets. Now European companies cannot provide cryptocurrency storage services to citizens of the Russian Federation.

In September, the Ministry of Finance allowed the possibility of launching international settlements in cryptocurrency in 2023.

On the eve of the European Union agreed on new sanctions against the Russian Federation, the package, in particular, contains an agreement on the introduction of marginal prices for Russian oil and a ban on the provision of IT and legal services to Russian companies.