TLDR EU proposes banning transactions on 11 crypto platforms in new sanctions package. Kaja Kallas confirms tighter restrictions on crypto-asset services to certain third countries. The packa
The European Union has proposed banning transactions on 11 crypto platforms under its 21st sanctions package against Russia. The plan expands existing restrictions and targets financial networks accused of supporting Moscow. Officials said the measures will tighten controls on crypto-asset services in certain third countries.
Kaja Kallas, Vice President of the European Commission, outlined the proposal in a public statement. She said the EU will extend restrictions beyond banks and energy revenues.
“We will also tighten our ban for crypto-asset services to certain third countries,” Kallas wrote on X.
We are depriving Russia of the means to fund its war.
We intend to deal a heavy blow to Russia’s financial sector, imposing assets freezes on close to 90 banks and additional transactions bans on over 30 banks in Russia and other third countries.
We will also tighten our ban…
— Kaja Kallas (@kajakallas) June 9, 2026
She also confirmed that the package will “ban transactions on 11 crypto platforms.” However, the Commission did not disclose the names of those platforms.
European Commission President Ursula von der Leyen described other elements of the proposal. She said the package targets 31 additional Russian banks and 20 entities in third countries. These entities include banks, crypto platforms, oil traders, and refineries.
Von der Leyen stated that the targets had served sanctioned Russian individuals or entities. She added that some entities helped circumvent EU measures. The proposal now awaits further discussion among member states.
The EU proposal follows action by the United Kingdom on May 26. UK authorities sanctioned Huobi Global S.A., the company linked to HTX. Officials said they suspected support for Russia-linked financial networks.
UK authorities cited links to A7 Limited Liability Company and Garantex. Both entities have already faced sanctions under previous measures. The UK said there were reasonable grounds to suspect financial facilitation.
HTX denied the allegations and rejected the claims. The company said the sanctioned entity operates separately from its online exchange. It did not provide further operational details in its public response.
A report by Global Ledger examined HTX activity between 2021 and May 2026. The report said HTX processed about $21.06 billion in high-risk crypto flows. It linked at least $7.64 billion to Russian high-risk entities and darknet markets.
The report identified entities including Garantex, its successor Grinex, A7A5, and Hydra. UK sanctions drew criticism from some blockchain researchers. They argued that exchange-level tainting could freeze legitimate users and weaken compliance tracing tools.
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