EU foreign ministers adopted a 16th package of sanctions against Russia on, which targets a cryptocurrency exchange for the first time, a Council statement said.

In January, Budapest, which has maintained close ties with Moscow through the war, held up the renewal of the economic sanctions that include the immobilisation of Moscow's central bank assets. An agreement was reached after the European Commission agreed to include Hungary in talks about resuming gas transit to the EU through Ukraine.

According to the EU Council’s statement, the latest measures introduce individual sanctions targeting 48 individuals and 35 entities responsible for actions undermining Ukraine’s territorial integrity,

Europe must support Ukraine more than ever, its foreign policy chief said on Monday, as the bloc agreed to impose more sanctions against Russia ahead of a flurry of meetings in Brussels, Kyiv and Washington this week.

The EU’s most extensive sanctions package, alongside new UK measures, aims to cripple Russia’s war efforts, tighten energy restrictions, and combat sanctions evasion as the war in Ukraine enters its fourth year.

Britain on Monday announced what it said was its largest package of sanctions against Russia since the early days of the war in Ukraine, including companies worldwide that supply components used by the Russian military.

The foreign ministers of EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy,

The European Union officially approved its 16th package of sanctions imposed against Russia in response to its full-scale invasion of Ukraine. The new measures, announced on the third anniversary of the all-out war,