The European Union has launched a new round of restrictions, adding the Crypto Exchange Guarantex, which was already blacklisted by the US Treasury OFAC.
The European Union has added the Russian Crypto Exchange Garantax to its list of restrictions in its list of its restrictions as a new round of punishment to curb the financial networks supporting Moscow.
Garantex, which was already blacklisted by the Office of Foreign Property Control of the US Treasury in 2022, has been added to the European Union’s sixteenth ban package, which targets 48 individuals and 35 institutions, “directly of Russian War Supporting the effort, “the European Union Council said. In 24 February Press release,
The council also stated that this was the first time it decided to approve a cryptocurrency exchange in Russia, which is “closely associated with the Russian banks approved by the European Union”.
“For the first time, the council also decided to approve a crypto-curme exchange located in Russia, Garantax, which is closely associated with the Russian banks approved by the European Union.”
Council of EU
The package also includes restrictions on businesses that are also one of the Chinese satellite imagery provider accused of supporting Russia, three firms transferring Russian crude oil and a Chinese satellite imagery provider. News outlets accused of spreading the Kremlin promotion were also targeted.
The European Union has now approved more than 2,400 individuals and institutions tied to Russia, saying that they are ready to impose more restrictions if needed.
Garantex was first approved by OffAC with officials in April 2022 with citing a reference Its participation in the facility of transactions related to illegal actors and dark markets including funds from Russian Russian Rainsmware-e-Sarvis Gang Conty and now-Difying Hydrat Marketplace.
