The EU's 19th round of sanctions against Russia targets the cryptocurrency sector for the first time

Chaincatcher2025/09/19 12:46

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ChainCatcher news, European Commission President Ursula von der Leyen announced today that the European Union will, for the first time, include cryptocurrencies within the scope of sanctions against Russia.

The new round of sanctions will prohibit cryptocurrency platforms from conducting transactions with Russia, and will also restrict foreign banking activities related to Russia's alternative payment systems. This move aims to close financial loopholes that allow Russia to circumvent sanctions. In addition to the crypto sector, the latest sanctions also cover multiple areas such as energy and banking, including a complete ban on Russian liquefied natural gas imports to Europe, as well as sanctions on 118 "shadow fleet" vessels.

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OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

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