European Union: European Commission announced 19th package of sanctions against Russia including prohibition on cryptocurrency transactions

On 18 September 2025, the European Commission announced its 19th package of sanctions against Russia, including a prohibition on cryptocurrency transactions. The proposal also includes a transaction ban on additional banks in Russia and on banks in third countries. The proposal includes a listing of foreign banks connected to Russian alternative payment service systems, which are to be explicitly banned. Finally, the proposal includes restricting transactions with entities in special economic zones.