The United Kingdom has taken further action against Russia by targeting its cryptocurrency platforms, banks, and financial networks in a bid to disrupt its 'shadow financial systems.'
The measures aim to freeze the assets of Russian-linked entities and bar UK firms from processing payments or maintaining correspondent banking ties.
According to British authorities, these networks have been used to route funds, finance procurement, and exploit foreign banking systems to evade restrictions.
The package also targets crypto exchanges and entities operating Russia-focused platforms, alongside individuals tied to the network.