Bloomberg reported on the possibility of EU sanctions against the A7A5 stablecoin

The European Union (EU) has proposed to impose sanctions against the A7A5 stablecoin, which is linked to Russian companies that have been sanctioned. This was reported by Bloomberg on October 6.

"The sanctions will prohibit any direct or indirect participation of EU organizations in transactions using this token," the article says.

It is specified that the new sanctions will be aimed at several banks in Russia, Belarus and Central Asia, which provide the possibility of conducting cryptocurrency transactions using A7A5. The EU continues to increase pressure on organizations that support financial schemes linked to Russian and Belarusian structures that have fallen under international sanctions.

Secondary flaw: The 19th package of sanctions against Russia reinforces the split in the EU

Possible restrictions on Russia's trading partners will be a blow to the economy of Europe itself, experts believe.

Earlier, on September 16, the head of the European Commission (EC), Ursula von der Leyen, said that the new package of EU sanctions against Russia would affect cryptocurrencies, banks and energy. Also, according to von der Leyen, the EU will phase out the import of Russian fuel.

Kremlin spokesman Dmitry Peskov said on September 17 that the sanctions policy had actually harmed the EU itself.

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