{"id":21449,"date":"2025-02-24T15:52:00","date_gmt":"2025-02-24T13:52:00","guid":{"rendered":"https:\/\/forklog.com\/en\/eu-sanctions-target-russian-crypto-exchange-garantex\/"},"modified":"2025-02-24T15:52:00","modified_gmt":"2025-02-24T13:52:00","slug":"eu-sanctions-target-russian-crypto-exchange-garantex","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eu-sanctions-target-russian-crypto-exchange-garantex\/","title":{"rendered":"EU Sanctions Target Russian Crypto Exchange Garantex"},"content":{"rendered":"<p>The European Union <a href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2025\/02\/24\/16th-package-of-sanctions-on-russia-s-war-of-aggression-against-ukraine-eu-lists-additional-48-individuals-and-35-entities\/\">has included<\/a> the Russian cryptocurrency exchange Garantex in its 16th package of sanctions against Russia for aiding in the circumvention of restrictions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFor the first time, the European Council has decided to impose sanctions on the cryptocurrency exchange Garantex, based in Russia, which is closely linked to Russian banks under EU sanctions,\u201d the press release stated.<\/p>\n<\/blockquote>\n<p>A total of 48 individuals and 35 entities have been affected by the new wave of restrictions.<\/p>\n<p>Exved CEO Sergey Mendeleev told ForkLog that the new sanctions will not impact the platform&#8217;s operational activities.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNo, of course, [the restrictions will not hinder operations]. Garantex has been under sanctions for three years, it&#8217;s even funny,\u201d he noted.<\/p>\n<\/blockquote>\n<p>Since 2022, Garantex has been under restrictions from the UK and the US. An analysis of known transactions on the platform revealed that operations exceeding $100 million are linked to illegal entities and darknet marketplaces.<\/p>\n<p>In March 2024, media reported on an investigation into Garantex, during which US and UK authorities examined USDT transfers amounting to $20 billion.<\/p>\n<p>Later, the <span data-descr=\"The UK's National Crime Agency\" class=\"old_tooltip\">NCA<\/span> also <a href=\"https:\/\/forklog.com\/en\/news\/uk-cracks-down-on-russian-cryptocurrency-laundering-network\">linked<\/a> the exchange to a Russian cryptocurrency laundering network.<\/p>\n<p>Analysts at Chainalysis <a href=\"https:\/\/forklog.com\/en\/news\/chainalysis-russias-crypto-laws-aimed-at-sanctions-evasion\">claim<\/a> that the latest cryptocurrency laws adopted in Russia are aimed at evading sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union has included the Russian cryptocurrency exchange Garantex in its 16th package of sanctions against Russia for aiding in the circumvention of restrictions. \u201cFor the first time, the European Council has decided to impose sanctions on the cryptocurrency exchange Garantex, based in Russia, which is closely linked to Russian banks under EU sanctions,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,733,1470,27,686],"class_list":["post-21449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-europe","tag-garantex","tag-russia","tag-sanctions"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21449"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21448"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}