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The National (Scotland)
The National (Scotland)
National
Lucy Jackson

UK to sanction crypto networks in bid to shut off 'Putin war machine'

Crypto United Kingdom Russia Yvette Cooper Vladimir Putin Kremlin the Foreign Office
Foreign Secretary Yvette Cooper made the announcement on Tuesday (Image: Leon Neal/PA Wire)

A NEW package of UK sanctions aiming to shut off funding to Russia’s war effort will target crypto networks.

The sanctions target cryptocurrency exchanges and the so-called “A7 network”, which the Foreign Office said was being used by Russia to evade existing restrictions and channel funds to fuel its war against Ukraine.

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