UK targets Russian crypto networks in latest sanctions

Published on: Tuesday 26 May 2026

LONDON, May 26 (Reuters) - Britain on Tuesday targeted Russia-linked cryptocurrency platforms, banks and financial networks that it said were used to bypass sanctions, freezing their assets and ‌barring UK firms from processing payments and holding correspondent banking ties. The measures focus on what ‌London described as "shadow financial systems" underpinning Russia's war economy, including the Kremlin-backed A7 network, which it said had been used to route funds, finance procurement and ex

News source: https://www.aol.com/articles/uk-targets-russian-crypto-networks-122424000.html

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UK targets Russian crypto networks in latest sanctions