UK imposes new sanctions on Russian crypto and uranium trade
The UK has imposed new sanctions targeting Russian crypto and uranium trade, affecting 18 entities including Huobi Global. This marks the first time the UK applies banking-style regulations directly to cryptocurrency exchanges. The sanctions aim to prevent Russia from circumventing financial restrictions related to its war in Ukraine.
- ▪The UK government sanctioned 18 individuals and entities on May 26 for aiding Russia in evading financial restrictions.
- ▪Among the targets is Huobi Global S.A., linked to the HTX exchange platform.
- ▪The UK has prohibited the import of Russian-origin uranium under specific commodity codes.
Opening excerpt (first ~120 words) tap to expand
UK imposes new sanctions on Russian crypto and uranium trade Britain targets 18 entities including Huobi Global and a Kyrgyz stablecoin issuer, applying banking-style rules to crypto exchanges for the first time. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The UK government sanctioned 18 individuals and entities on May 26 for helping Russia circumvent financial restrictions tied…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
