The European Union plans to impose sanctions on 11 cryptocurrency platforms that have partnered with Russia.

CoinFeed reported on June 10th, citing Bits.media, that EU High Representative for Foreign Affairs and Security Policy Kaja Kallas stated that the EU plans to restrict 11 cryptocurrency platforms in its 21st round of sanctions, claiming these platforms assist Russian authorities and companies in circumventing international sanctions. The new measures will also tighten the ban on providing crypto-asset-related services to third countries, expand the sanctions list, and prohibit transactions with these 11 cryptocurrency platforms, though the platform names were not disclosed. European Commission President Ursula von der Leyen stated that the new sanctions aim to increase pressure on the structures that help Russia maintain international financial channels. Furthermore, the new sanctions will also affect approximately 90 Russian banks, 31 of which may face a complete ban on transactions.