UK Targets Russian Crypto Sanctions Evasion Network

The U.K. announced a new package of sanctions targeting 18 entities — including cryptocurrency exchanges (e.g., EXMO, Huobi Global S.A., Bitpapa), companies, a Kyrgyz bank, Georgian firms, and named individuals — alleged to support the Kremlin-backed A7 network that facilitates sanctions evasion, processes proceeds from Russian oil sales, and finances military procurement; British officials say the measures aim to close routes used to move funds and technology to support Russia’s war.