For the first time, the Council also decided to sanction a cryptocurrency exchange based in Russia, Garantex, which is closely associated with EU-sanctioned Russian banks.
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Tether freezes $27M USDT on sanctioned Russian exchange Garantex
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The European Union sanctioned Garantex in February 2025 due to its ties to Russian banks, criminal organizations, and its role in helping Russia bypass Western sanctions amid the war in Ukraine.
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