EU Hits Russia With Enormous 21st Sanctions Package Targeting $120B Crypto Network

The European Union (EU) extended sanctions against Russia to include four designations related to the cross-border A7 network, including its new links to Africa.

The EU is also extending its transaction ban to 14 unnamed crypto-related service platforms based in Georgia, Panama, the United Arab Emirates (UAE), the Marshall Islands, Kyrgyzstan and Belarus.

Chainalysis recently noted that on the A7 network, where the A7A5 stablecoin operates, has processed nearly $120 billion to date and that it is purposely built for Russia’s sanctions evasion.

The EU announced its previous package of sanctions against Russia in April, saying it was the “biggest package” of sanctions against the country in two years. In that statement, the EU said “Russia is becoming increasingly reliant on cryptocurrencies for international transactions.”

The new sanctions come just three days after Russia’s State Duma passed legislation establishing the country’s first comprehensive framework for regulating crypto with most of the rules slated to come into effect on Sept. 1.

The law creates a legal framework for crypto exchanges, depositories, other digital asset providers as well as traders and investors. The 21st sanctions package also sees the first introduction of a possible full third-country ban for crypto-asset services.

This new instrument will enable the EU to ban any transaction between an EU operator and any crypto provider used by Russia. Alongside the digital asset crackdown, the EU is imposing asset freezes and a prohibition to make funds available to 94 banks and major financial institutions. It is extending its transaction ban to 33 additional Russian credit and financial institutions.

The 21st sanctions package against Russia:
🚫 targets a further 218 individuals & entities
🚫 pauses the automatic adjustment of the oil price cap
🚫 hits Russian financial & crypto services
🚫 introduces the basis for a visa ban for Russian combatants

🔗 https://t.co/HRSXB4yZOb pic.twitter.com/rSsKThAX3E

— EU Council (@EUCouncil) July 23, 2026

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