The EU completely forbade the Russians to provide cryptocurrency services

The European Union approved the eighth package of sanctions against the Russian Federation, in which he forbade the Russians to own cryptocurrency wallets on the territory of the eurozone.

Citizens and residents of Russia will also not be able to create accounts or store digital assets in the EU regardless of the deposit amount.

In addition, the sanctions include:

• establishing the upper limit of prices for marine transportation of Russian oil and further restrictions on export of oil products to third countries;
• a ban on all operations with the Russian naval navigation register;
• a ban on the provision of IT, engineering, legal and architectural services;
• a ban on export in the Russian Federation, electronic components for weapons, technical products for aviation and chemicals;
• a ban on imports from the Russian Federation steel, wood, papers, cigarettes, plastic, cosmetics, jewelry and precious metals;
• a ban on the sale of civil firearms, military vehicles and equipment in the Russian Federation;
• The ban on EU citizens to occupy leading posts in Russian state -owned companies.

The sanctions are extended, including in the territories of the Lugansk, Donetsk, Zaporizhzhya and Kherson regions that are not controlled by Ukraine.

In addition, the EU provided for the participants in the circuit of bypassing the restrictions introduced.

The sanctions entered into force – the relevant legal acts are published in the official journal of the European Union.

According to the European Commission, the measures taken by them will reduce the income of the Russian Federation by at least € 7 billion.

Recall that in April the EU adopted the fifth package of sanctions against the Russian Federation. It included a ban on providing the digital assets of services to residents of the Russian Federation, whose deposits exceed the amount of € 10,000.

Read the FORKLOG Bitcoin News in https://gagarin.news/news/coin-center-initiates-case-against-department-of-the-treasury-for-violating-civil-rights/ our Telegram-cryptocurrency news, courses and analytics.