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Zelenskyy Targets Russian War Funds With New Crypto Sanctions
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![Ivan_khomenko]( "Photo of Ivan Khomenko")
-21d0b63c17f6020e4df75f6c6f9a2f4f.jpg "Photo of Ivan Khomenko")
President Volodymyr Zelenskyy has signed a new sanctions package targeting Russia’s financial infrastructure, with a specific focus on schemes involving cryptocurrency.
The measures, initiated by the National Bank of Ukraine, include restrictions against 60 legal entities and 73 individuals—all Russian nationals.
According to a statement from Zelenskyy, the new sanctions are part of Ukraine’s continued efforts to disrupt financial mechanisms that support Russia’s war efforts.
He emphasized that the package includes “special sanctions” aimed at blocking key financial channels, particularly those using digital assets.
“One of the companies now under sanctions facilitated the transfer of several billion dollars since the beginning of the year, primarily for the needs of Russia’s military-industrial complex,” Zelenskyy said. “These schemes will be shut down. As traditional financial routes are increasingly restricted, Russia is turning to cryptocurrency-based transactions.”
The President underscored that the new package was developed in coordination with international partners and represents both a Ukrainian initiative and a joint effort to synchronize sanctions globally.
Each of the sanctioned companies will be reviewed in coordination with Ukraine’s partners to ensure the alignment of sanctions across jurisdictions, including the European Union and other key international actors.
While acknowledging the complexity of aligning sanctions due to differing national regulations, Zelenskyy reiterated the shared objective of restricting Russia’s capacity to wage war.
“These sanctions are already depriving Russia of its future and are intended to further complicate the day-to-day operations of its system,” he stated.
Additional decisions on further sanctions, both Ukrainian and coordinated with the European Union, are expected next week. According to Zelenskyy, all EU packages should be reflected in Ukrainian law, and vice versa, to ensure comprehensive and unified enforcement.
Earlier, on June 27, President Zelenskyy imposed sanctions on 87 entities linked to Russia’s defense industry, including firms supplying components for Shahed-type drones and equipment for the Alabuga Special Economic Zone. The list targeted 52 Russian individuals and 35 companies, including one based in China.
