SANCTIONS FAIL? Latvia Warns Russia Is Evading Sanctions Through Crypto and Financial Networks

By Times Now World

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Latvia’s foreign minister has called for continued adaptation and stricter enforcement of Western sanctions against Russia, saying Moscow is attempting to circumvent restrictions through financial networks, cryptocurrency and fintech channels. The minister said Russia’s efforts to evade sanctions demonstrated that the measures were having an impact. Latvia also raised concerns about Russian grain and other exports potentially moving through European Union ports on the Baltic Sea, arguing that the resulting revenue could strengthen Russia’s state budget and support its war effort in Ukraine. The minister said Russia could use its own Baltic ports instead of relying on EU infrastructure and urged the bloc not to facilitate trade that generates revenue for Moscow. #latvia #russia #sanctions #eus anctions #europeanunion #ukrainewar #russiaukrainewar #balticsea #balticports #russiangrain #cryptocurrency #fintech #sanctionsevasion #russianexports #warfunding #euforeignpolicy #geopolitics #w

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