President Volodymyr Zelensky has signed a new decree on sanctions aimed at blocking Russian financial mechanisms, in particular in the field of cryptocurrencies.
Document No. 465/2025 is published on the website of the Office of the President.
Zelensky signs new sanctions package
Proposals for restrictive measures came from the National Bank of Ukraine and were approved by the National Security and Defense Council.
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“I just signed a new sanctions package – these are special sanctions that hit many Russian financial schemes, in particular cryptocurrency ones,” the president said.
According to Zelensky, billions of dollars flowed through sanctioned companies, which were used to support Russia's defense industry.
The decree provides for sanctions against 60 companies, 55 of which are registered in Russia, as well as 73 individuals – all of whom are citizens of the Russian Federation.
As explained by Vladislav Vlasyuk, the Presidential Commissioner for Sanctions Policy, the following structures were included in the list:
- 19 leading cryptocurrency mining companies are members of the Industrial Mining Association, which conduct large-scale cryptocurrency mining and create schemes to circumvent sanctions;
- 17 digital financial asset operators, some of which are already under US restrictions;
- 19 organizations of the financial infrastructure of Russia – including manufacturers of payment devices, intermediaries in international transfers and organizers of trade in blocked assets;
- 5 Crypto Exchange Operating Companies That Help Circumvent Sanctions;
- A7 LLC is a cross-border platform operator. On February 19, 2025, the company launched the A7A5 stablecoin, pegged to the ruble exchange rate. Since May 20, 2025, it has been under UK sanctions;
- United Financial Technologies JSC – manages the UFT Eurasia platform, which allows for international transfers outside the banking system, avoiding sanctions;
- JSC Bifit is a supplier of software for banks in the Russian Federation, including institutions under sanctions;
- LLC Investment Chamber – ensures the exchange of blocked assets between foreign and Russian investors;
- OOO KSK-GROUP is a company providing international money transfer services, including transactions in dollars and euros;
- TOKENTRUST HOLDINGS LIMITED (Cyprus) – investor of Atomaize LLC, which has already fallen under US sanctions;
- EXMO RBC LTD (Kazakhstan) — operator of the EXMO.me crypto exchange, focused on the markets of Russia, Belarus and Kazakhstan, participates in bypass schemes;
- AWX Solutions FZ-LLC (UAE) – operates the AWX.pro (formerly AWEX) crypto exchange, which is already sanctioned by the US;
- Crypto Explorer DMCC (UAE) – under US sanctions, operates the AWEX platform and specializes in exchanging cryptocurrencies, rubles and UAE dirhams;
- Bitpapa IC FZC LLC (UAE) is a peer-to-peer crypto exchange targeting users from Russia; it is also under US sanctions.
The individuals against whom sanctions have been imposed include the directors and owners of the above-mentioned companies, as well as officials of the Central Bank of the Russian Federation.
Among them are the directors of the departments of field institutions and international settlements.
