EU Imposes Additional Sanctions on Russian Oligarchs Over Alleged Sanctions Evasion
β’ The European Union announced a new sanctions package targeting 18 Russian oligarchs and 42 entities on Wednesday, citing evidence of sophisticated sanctions evasion schemes involving cryptocurrency and shell companies across multiple jurisdictions. β’ The targeted individuals reportedly transferred approximately $2.3 billion through complex financial networks designed to circumvent existing sanctions imposed following Russia's 2022 invasion of Ukraine. β’ EU officials coordinated closely with US Treasury Department and UK authorities, with the announcement emphasizing enhanced coordination mechanisms to close loopholes in enforcement and detection capabilities.
bbc.com
