Wire · regulatory
EU's New Russia Sanctions Target Evasion Mechanisms, But Enforcement Challenges Remain
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Fusion42 · 28 July 2026 · Fusion42 review
The EU's 21st sanctions package targets Russian evasion mechanisms including cryptocurrency, gold, and diamonds, but enforcement gaps remain as some identified entities are excluded and wind-down periods allow asset transfers. Internal EU divisions delayed the package by six weeks and forced compromises that weakened key measures.
This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 3 sources have reported it between 28 Jul 2026 and 12 Aug 2026.
◆ ◆ The Wire takeaway
Fintech and asset trading platforms in Europe now face hard blocks on 14 crypto services and gold trades, but the month-long wind-down window has already let evasion networks migrate to Kyrgyzstan and the UAE. Your compliance team gets busier whilst the actual targets slip away.
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3 sources · first reported 28 Jul 2026 · latest 12 Aug 2026
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