The updated decision of Ukraine's National Security and Defense Council (NSDC) on sectoral sanctions against Russia's financial sector extends restrictions to virtual assets, digital financial services, and other infrastructure that Russia uses for international transactions to circumvent sanctions.
The President's Commissioner for Sanctions Policy, Vladyslav Vlasiuk, stated this in a comment to Ukrinform.
"Russia is constantly adapting its sanctions evasion mechanisms. Therefore, the sanctions regime must also be regularly updated. The NSDC decision on sectoral sanctions against Russia's financial sector, approved by the Verkhovna Rada, makes it possible to block new schemes and increase pressure on the aggressor state's financial system," Vlasiuk said.
He clarified that sectoral sanctions against Russia's financial sector have been in force since 2022, and the updated NSDC decision adapts them to new methods of sanctions evasion that Russia has developed since then. In particular, it extends the sanctions regime to virtual assets, digital financial services, and other infrastructure that Russia uses for international settlements in circumvention of sanctions.
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