Ukraine Tightens Sanctions on 60 Crypto Companies Supporting Russia, Here Are the Details!

Jakarta, Pintu News – Ukrainian President Volodymyr Zelenskyy recently approved a new set of sanctions against 60 companies and 73 individuals from Russia.

The move is an attempt by Ukraine to strengthen its handling of crypto companies trying to evade sanctions.

The main focus of this initiative is to cut off financial support flowing to Russian military-industrial operations through digital assets.

Check out the full information here!

Sanctions Against Crypto Companies

The initiative, led by the National Bank of Ukraine, targets companies involved in large digital asset transactions. Zelenskyy revealed that some of the sanctioned companies had moved billions of dollars in 2025 alone, directly supporting Russia’s military-industrial operations.

In addition, Ukraine also highlights individuals involved in crypto transactions. These individuals take advantage of loopholes in cross-border finance and circumvent traditional restrictions. By identifying and cracking down on these actors, Ukraine is working hard to shut down alternative financial channels that could threaten national security.

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Coordination with International Allies

The new sanctions were designed together with the European Union and other allied countries. Zelenskyy emphasized the importance of aligning these sanctions at the global level to ensure their effectiveness. Ukraine is committed to continuously reviewing each sanctioned entity together with its partners to ensure all actions are based on solid legal grounds.

Despite regulatory differences, Ukraine strives to harmonize its actions with those of the EU and integrate them into national law. This approach ensures there are no gaps in sanctions enforcement, even across different legal systems.

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Next Steps and Impact

The move follows sanctions issued on June 27, in which Kyiv targeted 87 entities related to drone technology and chip production. The list includes one Chinese company and several Russian defense suppliers.

In addition, Ukraine also imposed sanctions on companies associated with the Alabuga economic zone and the Shahed drone system. Crypto miners, wallets, and exchanges that were under Russian control are now coming under greater scrutiny.

Zelenskyy warned more sanctions would be announced next week, showing Kyiv’s firmness in the face of this threat.

Conclusion

With this decisive step, Ukraine hopes to cut off vital financial support for Russian military operations. The sanctions, designed in conjunction with international allies, are expected to have a significant impact in reducing Russia’s ability to continue its aggression.

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Reference

• Crypto Times. Ukraine Sanctions 60 Crypto Firms Allegedly Aiding Russia. Accessed on July 8, 2025
• Featured image: PYMNTS