Ukraine has imposed sanctions on 60 crypto firms in Russia, including officials in the Central Bank of Russia. Will these sanctions be successful? Russia and Ukraine have been in conflict since February 20, 2014, when Russia annexed Crimea. The invasion of Ukraine in 2022 marked a major escalation. As of July 7, 2025, the conflict has remained for over three years, with daily attacks causing casualties and property damage on both sides. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Ukraine Sanctions Crypto Firms In Russia On July 6, 2025, Ukrainian President Volodymyr Zelenskyy approved a comprehensive sanctions package targeting 60 Russian crypto firms and 73 individuals, including Central Bank of Russia officials. These sanctions aim to disrupt Russia’s ability to evade Western restrictions through crypto assets. If successful, these sanctions could strengthen Ukraine’s efforts to isolate Moscow’s financial infrastructure in the ongoing conflict. Specifically, Ukraine targeted Russian crypto mining firms and digital asset issuance processors.   Russia has already been disconnected from the SWIFT global payment network, and restrictions have been imposed on its $640 billion foreign currency reserves. DISCOVER: Best Meme Coin ICOs to Invest in Today Russia Turns To Crypto However, Russia has increasingly relied on BTC ▲0.19% and some of the best cryptos to buy to circumvent these sanctions to facilitate trade and maintain economic stability. Russian oil companies have reportedly used Bitcoin and top cryptos to settle transactions with non-sanctioned countries like China and India. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time In July 2024, the Duma passed a bill legalizing crypto payments for international trade. The Central Bank of Russia, now targeted by Ukraine’s sanctions, was authorized to oversee an experimental infrastructure allowing approved businesses to use crypto assets for cross-border transactions. In August 2024, President Vladimir Putin approved crypto mining, allowing firms to mine Bitcoin provided they register with tax authorities and comply with energy consumption regulations. By December 2024, Finance Minister Anton Siluanov confirmed that domestically mined Bitcoin was being used in foreign trade under a trial setup with the Central Bank. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Will These Sanctions Be Effective? It remains uncertain whether Ukraine’s sanctions on Russian crypto firms will be effective. Crypto transactions, including those of the top Solana meme coins, are borderless and difficult to block unless intermediaries are directly targeted. To succeed, Ukraine must collaborate globally to pressure non-sanctioned countries to limit dealings with Russian crypto firms. However, Russia’s partners, such as China and the UAE, may continue engaging with these firms. Additionally, Russia has developed an alternative payment system, the Financial Messaging System (SPFS), and proposed crypto exchanges in major cities like St. Petersburg and Moscow, demonstrating growing resilience to Western sanctions. Combined with BRICS initiatives to develop an alternative payment currency and system, Russia is increasingly shifting away from the U.S.-dominated financial system, giving it a strategic advantage. DISCOVER: Next 1000x Crypto – 11 Coins That Could 1000x in 2025 Ukraine Sanctions Crypto Firms In Russia: Will They Succeed?

• Ukraine sanctions crypto firms in Russia
• Ukraine aims to further isolate Russia from the global USD-dominated payment system 
• Russia turns to crypto to bypass sanctions 
• Will Ukraine’s efforts be successful?

The post 60 Russian Crypto Firms Sanctioned by Ukraine for Evading Restrictions appeared first on 99Bitcoins.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has just added the bulletproof hosting (BPH) services provider Aeza Group to its Specially Designated Nationals (SDN) list, a roster of individuals and organizations that pose threats to U.S. national security. BPH service providers sell access to internet infrastructures that enable cybercriminals, including ransomware actors, personal information stealers and illegal drug vendors, to evade detection and disruption of their malicious activities. In a statement, the OFAC says that the US is sanctioning the Russia-based web hosting company for its role in supporting cybercrimes that target victims in the US and around the world. The agency says the Aeza Group provided BPH services to ransomware and malware groups such as the Meduza and Lumma infostealer operators that targeted U.S. defense industrial base and technology companies. The Aeza Group also hosted the BianLian ransomware, RedLine infostealer panels and BlackSprut, a Russian darknet marketplace for drugs. Says Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence Bradley T. Smith, “Cybercriminals continue to rely heavily on BPH service providers like Aeza Group to facilitate disruptive ransomware attacks, steal US technology, and sell black-market drugs.” The OFAC also sanctions affiliated companies, including the UK front Aeza International, along with CEO Arsenii Aleksandrovich Penzev, general director Yurii Meruzhanovich Bozoyan, technical director Vladimir Vyacheslavovich Gast and co-owner Igor Anatolyevich Knyazev. The designation prohibits US transactions involving the properties and interests of the sanctioned groups and individuals. Follow us on X, Facebook and Telegram
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&nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post U.S. Treasury Sanctions Russian Crypto Wallet Linked to Ransomware Operations appeared first on The Daily Hodl.

Rostec announced that it will promote this stablecoin and an associated payment platform as a secure method for conducting transactions, approved by the Russian Central Bank. The payment system will integrate with the Russian banking infrastructure, while the stablecoin will be launched on the Tron blockchain. Russian Defense Company Rostec to Leverage Ruble Stablecoin to […]