{"id":35507,"date":"2025-07-07T12:32:41","date_gmt":"2025-07-07T12:32:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35507"},"modified":"2025-07-07T12:32:41","modified_gmt":"2025-07-07T12:32:41","slug":"60-russian-crypto-firms-sanctioned-by-ukraine-for-evading-restrictions","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35507","title":{"rendered":"60 Russian Crypto Firms Sanctioned by Ukraine for Evading Restrictions"},"content":{"rendered":"<div>\n<p><em>Ukraine has imposed sanctions on 60 crypto firms in Russia, including officials in the Central Bank of Russia. Will these sanctions be successful?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Russia and Ukraine have been in conflict since February 20, 2014, when Russia annexed Crimea. The invasion of Ukraine in 2022 marked a major escalation. As of July 7, 2025, the conflict has remained for over three years, with daily attacks causing casualties and property damage on both sides.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ukraine Sanctions Crypto Firms In Russia<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">On July 6, 2025, Ukrainian President Volodymyr Zelenskyy approved a comprehensive sanctions package targeting 60 Russian crypto firms and 73 individuals, including Central Bank of Russia officials. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These sanctions aim to disrupt Russia\u2019s ability to evade Western restrictions through crypto assets. If successful, these sanctions could strengthen Ukraine\u2019s efforts to isolate Moscow\u2019s financial infrastructure in the ongoing conflict.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Zelenskyy announces new sanctions on Russia crypto networks\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/oGnCeMNvdTY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Specifically, Ukraine targeted Russian crypto mining firms and digital asset issuance processors.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Russia has already been disconnected from the SWIFT global payment network, and restrictions have been imposed on its $640 billion foreign currency reserves.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best Meme Coin ICOs to Invest in\u00a0<\/a><\/strong><strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Today<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Russia Turns To Crypto<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">However, Russia has increasingly relied on <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/\" target=\"_blank\" rel=\"nofollow sponsored\" data-symbol=\"btc\" data-name=\"Bitcoin\" data-price=\"108925.000000000000000\" data-change=\"0.84\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\">BTC <span style=\"color: #37a72b;\">\u25b20.84%<\/span><\/a> and some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best cryptos to buy<\/span><\/a><span data-preserver-spaces=\"true\"> to circumvent these sanctions to facilitate trade and maintain economic stability. Russian oil companies have reportedly used Bitcoin and top cryptos to settle transactions with non-sanctioned countries like China and India.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.17T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-686bbb7764d95\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In July 2024, the Duma <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.reuters.com\/technology\/russia-launch-international-payments-crypto-before-end-2024-2024-07-30\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">passed<\/span><\/a><span data-preserver-spaces=\"true\"> a bill legalizing crypto payments for international trade. The Central Bank of Russia, now targeted by Ukraine\u2019s sanctions, was authorized to oversee an experimental infrastructure allowing approved businesses to use crypto assets for cross-border transactions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In August 2024, President Vladimir Putin <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.themoscowtimes.com\/2024\/11\/29\/putin-signs-law-on-cryptocurrency-tax-a87172\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">approved<\/span><\/a><span data-preserver-spaces=\"true\"> crypto mining, allowing firms to mine Bitcoin provided they register with tax authorities and comply with energy consumption regulations. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">By December 2024, Finance Minister Anton Siluanov <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.reuters.com\/markets\/currencies\/russia-is-using-bitcoin-foreign-trade-finance-minister-says-2024-12-25\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">confirmed<\/span><\/a><span data-preserver-spaces=\"true\"> that domestically mined Bitcoin was being used in foreign trade under a trial setup with the Central Bank.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Will These Sanctions Be Effective?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It remains uncertain whether Ukraine\u2019s sanctions on Russian crypto firms will be effective. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Crypto transactions, including those of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">top Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">, are borderless and difficult to block unless intermediaries are directly targeted. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To succeed, Ukraine must collaborate globally to pressure non-sanctioned countries to limit dealings with Russian crypto firms. However, Russia\u2019s partners, such as China and the UAE, may continue engaging with these firms. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, Russia has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cbr.ru\/eng\/development\/mcirabis\/fin_msg_transfer_system\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">developed<\/span><\/a><span data-preserver-spaces=\"true\"> an alternative payment system, the Financial Messaging System (SPFS), and proposed crypto exchanges in major cities like St. Petersburg and Moscow, demonstrating growing resilience to Western sanctions. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BRICS Pay: All About The Biggest Danger To Dollar &amp; And How India\u2019s UPI Comes Into Play | Putin\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/3_FHLaYsNoM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Combined with BRICS initiatives to develop an alternative payment currency and system, Russia is increasingly shifting away from the U.S.-dominated financial system, giving it a strategic advantage.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\"> Next 1000x Crypto \u2013 11 Coins That Could 1000x in 2025<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Ukraine Sanctions Crypto Firms In Russia: Will They Succeed?<\/h2>\n<\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Ukraine sanctions crypto firms in Russia <\/span>    <\/li>\n<\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Ukraine aims to further isolate Russia from the global USD-dominated payment system<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Russia turns to crypto to bypass sanctions<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will Ukraine\u2019s efforts be successful? <\/span>    <\/li>\n<\/p>\n<\/ul>\n<\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/60-russian-crypto-firms-sanctioned-by-ukraine-for-evading-restrictions\/\">60 Russian Crypto Firms Sanctioned by Ukraine for Evading Restrictions<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ukraine has imposed sanctions on 60 crypto firms in Russia, including officials in the Central Bank of Russia. Will these sanctions be successful? Russia and Ukraine have been in conflict since February 20, 2014, when Russia annexed Crimea. The invasion of Ukraine in 2022 marked a major escalation. As of July 7, 2025, the conflict [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35507","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35507"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35507\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}