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EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers -Breaking

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Economy and finance ministers representing nations in the European Union have they will address Russia’s potential use of cryptocurrencies to evade sanctions imposed on it following its operations in Ukraine.

Speaking to reporters through an interpreter following an informal video conference of EU economy and finance ministers on Wednesday, France’s finance minister, Bruno Le Maire, said lawmakers had already worked to freeze “a significant amount of the assets” in Russia’s central bank as part of its efforts to financially penalize the country over its ongoing efforts in Ukraine. He added, however, that Russia had been evading sanctions by taking additional measures, which included extending those to Belarus, as the EU’s 27 members have decided.

France’s finance minister, Bruno Le Maire, addressing reporters on Wednesday.