The EU's latest package targets the $120 billion cryptocurrency network, which is heavily used by Russians. The sanctions are aimed at restricting Russian access to digital assets and disrupting their ability to use cryptocurrencies for financial transactions.
Source
"EU Hits Russia with Massive Sanctions Package Targeting Crypto Network" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.