Ukraine has enacted sanctions against 60 companies and 73 individuals linked to Russia's efforts to evade financial restrictions via cryptocurrency. President Volodymyr Zelenskyy signed the decree on July 6, targeting both Russian and foreign firms involved in these schemes. The sanctions freeze the assets of the affected parties in Ukraine and bar them from economic activities within the country. Zelenskyy emphasized that this package specifically addresses various Russian financial operations, particularly those related to cryptocurrency. The decree affects 55 Russian companies, including 19 cryptocurrency miners and five crypto exchange operators. Additionally, foreign firms such as TOKENTRUST HOLDINGS LIMITED from Cyprus and EXMO RBC LTD from Kazakhstan are also sanctioned. Zelenskyy noted that these measures align with international partners and are part of Ukraine's initiative to dismantle financial networks supporting Russia's military. He indicated that new measures will be introduced next week to further align with EU sanctions, reflecting concerns over cryptocurrencies being used in geopolitical conflicts. Read more AI-generated news on: https://app.chaingpt.org/news