EU foreign ministers adopted a 16th package of sanctions against Russia on, which targets a cryptocurrency exchange for the first time, a Council statement said.

The EU’s most extensive sanctions package, alongside new UK measures, aims to cripple Russia’s war efforts, tighten energy restrictions, and combat sanctions evasion as the war in Ukraine enters its fourth year.

European Union envoys have approved new sanctions against Russia, with the measures set to enter into force next week on the third anniversary of its full-scale invasion of Ukraine

The new entries being sanctioned were ‘identified as supporting the Russian military-industrial complex or engaged in sanctions circumvention’, the EU said.

"The package extends the flight ban to enable the listing of third-country carriers conducting domestic flights within Russia or supplying aviation goods to Russian airlines or fo

The foreign ministers of the EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy and a portion of the so-called shadow fleet that transports oil from Russia.

The foreign ministers of EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy,

The foreign ministers of the EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, it will encompass additional sectors of the Russian economy and parts of the so-called shadow fleet that transports oil from Russia.