**Ukraine Steps Up Sanctions Against Russia, Including Cryptocurrency Schemes**
In a move to counter Russian financial schemes, Ukraine’s President Volodymyr Zelensky announced on July 6 that the country has imposed new sanctions against Russia. The restrictions target 60 legal entities and 73 Russian citizens.
These latest sanctions are part of a broader effort by Ukraine to coordinate its actions with international partners. According to Zelensky, the new package includes Ukrainian-led initiatives that must align with restrictions imposed by other countries. This shows how seriously Ukraine is taking the need for collective action against Russia’s aggressive financial schemes.
One notable aspect of these sanctions is their focus on cryptocurrency. With more and more people turning to digital currencies, it’s clear that Ukraine wants to stay ahead of Russian efforts to use this technology for illicit purposes. By targeting entities involved in crypto-based schemes, Ukraine is sending a strong message: we will not let Russia exploit new technologies to further its own interests.
The sanctions also reflect a growing recognition by Ukraine that the war with Russia cannot be won solely on the battlefield. Economic and financial warfare are increasingly important tools in this conflict, and Ukraine is taking steps to match Russia’s moves in these areas.
**Next Steps**
Zelensky announced that new measures will be unveiled next week, aimed at aligning with European Union sanctions against Russia. This shows how closely Ukraine is working with its international partners to ensure a coordinated response to Russian aggression.
In particular, Zelensky emphasized the need for Ukrainian-led initiatives to be implemented in all European jurisdictions. This suggests that Ukraine wants to play a leading role in shaping international policies and actions against Russia.
**Background**
The sanctions come as Ukraine continues to face significant challenges on the battlefield. The use of drones has become a key aspect of this conflict, with both sides relying heavily on these aircraft for surveillance, strikes, and tactical advantage. By targeting entities involved in drone production, Ukraine is taking steps to disrupt one of Russia’s most effective military tools.
Overall, these new sanctions demonstrate Ukraine’s commitment to using all available means to counter Russian aggression. As the situation continues to evolve, it will be essential for Ukraine to stay ahead of Russian efforts and coordinate closely with international partners.
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