EU’s 20th Sanctions Package Targets Russian Crypto, Digital Ruble and Banks on 7 February 2026
On 7 February 2026, the European Union outlined its 20th sanctions package aimed at blocking Russia’s remaining financial channels by focusing on payment systems rather than only trade. The plan includes full transaction bans for additional Russian banks, a prohibition on the digital ruble within the EU, and restrictions on Russian-linked crypto services, alongside new measures on oil shipping, exports and individuals tied to the war in Ukraine.