The European Union launched its 21st sanctions package against Russia on June 10, 2026. These measures target 90 Russian banks, bringing the total number of sanctioned institutions to over 100. This figure represents more than half of Russian credit organizations with international ties. The package also explicitly bans transactions with 35 specific banks.
Regulators banned transactions with 11 crypto platforms identified as helping Russia circumvent previous restrictions. For the first time, the EU introduced measures to potentially ban crypto services from non-EU countries that facilitate evasion. The public announcement did not immediately disclose the names of the specific banks or crypto platforms.
This move aims to isolate Russia from the global financial system and curtail cross-border transactions. The action increases compliance pressures on financial institutions and crypto exchanges worldwide. Analysts describe this as one of the most substantial financial sanctions events of the year.