EU Imposes Additional Sanctions on Russian Oligarchs Over Alleged Sanctions Evasion
• 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. • 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. • 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