The European Union has approved the 20th round of sanctions against Russia, marking one of the largest measures in nearly two years, including the first comprehensive restrictions on the crypto industry, such as banning Russian crypto service providers and platforms, blocking the digital ruble and stablecoin RUBx, and prohibiting EU entities from trading with Russian and Belarusian crypto and DeFi platforms. At the same time, the sanctions also target 20 Russian banks and related financial institutions, with the EU stating that Russia is increasingly relying on crypto assets to evade sanctions.