Market News: European Union May Impose Further Restrictions on Cryptocurrency Exchanges, Payment and Credit Card Systems in Russia
2025-09-08 06:38:16
The European Union is considering new sanctions against about half a dozen Russian banks and energy companies as part of the latest round of measures to pressure Russia to end the conflict with Ukraine. The plan would be the 19th round of sanctions introduced by the European Union since the conflict broke out in 2022. The European Union could also target Russia's payment and credit card systems, cryptocurrency trading platforms and further restrictions on the country's oil trade, according to people familiar with the matter. The European Union wants to coordinate with the United States to implement some of its latest measures, the people said. A delegation of European Union officials will travel to Washington this week to meet with U.S. officials to explore the possibility of joint action.
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