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Why Europe must disable Russia’s crypto ecosystem
World🏛️ Politics4/22/2026

Why Europe must disable Russia’s crypto ecosystem

The article discusses the diminishing effectiveness of Western sanctions against Russia since the start of the Ukraine war, noting that initial efforts were strong but have since lost momentum. Factors include shifting political priorities, such as Donald Trump's focus on Iran, and challenges within European unity, exemplified by Hungary's Viktor Orbán. The author emphasizes the need for greater focus on targeting Russia's digital payment systems, especially cryptocurrency platforms, which have become crucial for funding the war. Examples include the shutdown of the Russian-linked crypto exchange Garantex and the recent suspension of Grinex, attributed to a cyberattack allegedly orchestrated by Western intelligence. Despite these actions, the resilience of platforms like Telegram continues to enable illicit financial activities.

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Coda Story logoCoda StoryIndependentLeft4/22/2026
Why Europe must disable Russia’s crypto ecosystem

The article discusses the diminishing effectiveness of Western sanctions against Russia since the start of the Ukraine war, noting that initial efforts were strong but have since lost momentum. Factors include shifting political priorities, such as Donald Trump's focus on Iran, and challenges within European unity, exemplified by Hungary's Viktor Orbán. The author emphasizes the need for greater focus on targeting Russia's digital payment systems, especially cryptocurrency platforms, which have become crucial for funding the war. Examples include the shutdown of the Russian-linked crypto exchange Garantex and the recent suspension of Grinex, attributed to a cyberattack allegedly orchestrated by Western intelligence. Despite these actions, the resilience of platforms like Telegram continues to enable illicit financial activities.

Bias read (Left): The article critiques Western governments' handling of sanctions and highlights the need for stronger measures against Russia's digital financial infrastructure, suggesting a progressive stance on addressing global financial crime and geopolitical conflict.

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