EU To Make sure Russia Cannot Circumvent Sanctions With Crypto Assets -Le Maire


EU to make sure Russia cannot circumvent sanctions with crypto assets -Le Maire

The European Union is seeking to make sure that crypto currencies are not used to circumvent sanctions imposed by the bloc against Russia, French Finance Minister Bruno le Maire said on Wednesday.

The 27-nation bloc has imposed three packages of sanctions on Moscow over its aggression on Ukraine, including freezing Russian central bank assets and disconnecting seven Russian banks from the SWIFT financial-messaging system.

“We are taking measures, in particular on crypto currencies or crypto assets which should not be used to circumvent the financial sanctions decided upon by the 27 EU countries,” Le Maire told a news conference after talks of EU finance ministers.

He said the sanctions against Russia were very effective and have disorganized the Russian financial system and paralyzed its central bank’s ability to protect the rouble.


See also  Stop hoarding foodstuffs – Nasarawa Governor urges traders

PAY ATTENTION: Share your Outstanding story with our editors! Please reach us through Editor - click here

About Solomon Yoyo 10711 Articles
My name is Yoyo Solomon popularly known as SLON, I am an assertive person, a Developer,media personnel, publisher and CEO of and a person willing to serve humanity. You can reach me via: WhatsApp +2348112044593

Be the first to comment

Leave a Reply

Your email address will not be published.