EU’s 20th sanctions round targets crypto, shadow fleet and third-country loopholes
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After the longest gap to date, EU leaders agreed on the 20th sanctions package. While it stops short of a breakthrough on the shadow fleet, it marks a qualitative shift in targeting Russian crypto channels and third-country sanctions evasion, gradually expanding and externalising the EU sanctions regime. Sanctions are a never-ending game of cat and mouse, as reflected by the fact that this is already the 20th EU sanctions package since 23 February 2022. Six months have passed since the previous
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