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According to Bits Media, the European Commission officially submitted the 21st round of sanctions proposals against Russia on June 9th.
The proposal focuses on core areas such as energy, financial services, and crypto networks, aiming to ban transactions with 11 crypto platforms that assist Russia in bypassing Western sanctions (located in Belarus, Georgia, Nigeria, Panama, the United Arab Emirates, and the Marshall Islands).
In addition to the crypto sector, the proposal also expands restrictions on traditional finance, planning to freeze assets of nearly 90 major banks and impose comprehensive trading bans on a total of 35 banks inside and outside Russia.
Currently, the sanctions proposal still requires unanimous approval from all EU member states before it can officially take effect.