EU Expands Sanctions on Russian Banks to Pressure Putin's War Economy
The European Union has announced a new sanctions package targeting Russian banks, marking the 20th such measure since Russia's invasion of Ukraine in 2022. This latest round of sanctions includes restrictions on four banks from Kyrgyzstan, Laos, and Azerbaijan, aimed at preventing circumvention of existing sanctions. The EU has also banned its businesses from engaging with Russian companies involved in cryptocurrency transactions. These measures are designed to tighten the economic pressure on Russia by limiting its access to international financial systems, including the SWIFT network. 
