EU launches task force to stop crypto sanctions evasion by Russia

A political and economic union of European countries with a single market, shared laws in many areas and, for many members, the euro.

EU rules on trade, technology and competition affect companies and people far beyond Europe.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.

Sanctions are used to pressure governments without military action, with costs for both sides.

An agreement between warring sides to stop fighting, temporarily or as a step toward a lasting peace deal.

Ceasefires save lives and open space for aid and negotiations, but they often break down.